Bukit Bintang

IF you are looking to own a non-landed home in the capital city of Kuala Lumpur with RM500,000 in your bank account, where do you think you would get the most spacious property?

According to the Malaysian Statistics Department, there are 11 districts in Kuala Lumpur: Bukit Bintang, Lembah Pantai, Seputeh, Sentul, Titiwangsa, Setiawangsa, Kepong, Segambut, Cheras, Wangsa Maju and Bandar Tun Razak.

By looking at the average asking prices of non-landed homes in these areas listed on
TheEdgeProperty.com, we can tell you that your best bet of getting the most square feet for your ringgit would be in the suburbs of Bandar Tun Razak, Cheras and Kepong. The beauty of these areas is that they are not too near nor too far from the Kuala Lumpur city centre.

In Bukit Bintang and Titiwangsa – you will be looking at exclusivity rather than size.

So exactly how many square feet can you buy for RM500,000? And where?

According to TheEdgeProperty.com’s estimation, Bukit Bintang’s non-landed residences have the highest average asking price psf at RM1,211 psf, and you can only probably afford a space as small as 412 sq ft for RM500,000.

This is unsurprising as Bukit Bintang is located at the city centre. The district begins at Jalan Bukit Bintang to Jalan Pudu, Jalan Walter Grenier, Jalan Bulan, Changkat Bukit Bintang and Jalan Alor. The landmarks here include the Petronas Twin Towers and some of the non-landed residential projects in this district are the Bintang Fairland Residence and Pavilion Residences.

The second most expensive district in Kuala Lumpur seems to be Titiwangsa. It has an average asking price of RM654 psf, which gives you about 764 sq ft with half a million ringgit. Tititwangsa is 6km away from Bukit Bintang and can be accessed by monorail and the Light Rail Transit (LRT). Areas that fall under Titiwangsa include Taman Tasik Titiwangsa, Istana Budaya Kuala Lumpur and Jalan Kuantan. High-rise residences in this district include Titiwangsa Sentral and Seri Titiwangsa Condominium.

Further away from the Kuala Lumpur city centre (about 10km) is Lembah Pantai. The average asking price psf for non-landed residences here is around RM631 psf, which gets you a home of about 792 sq ft in size for RM500,000. Lembah Pantai covers areas such as Pantai Dalam, Bangsar and Kerinchi.
Pantai Panaroma Condominium and Vista Angkasa Apartment are also located in the district.

The average price psf for non-landed residences in Seputeh is around RM540 psf, which gets you a bigger unit of 925 sq ft for the same budget although the area is located close to Bukit Bintang with Mid Valley Megamall as one of its major landmarks. Seputeh Permai and Menara Seputeh are two of the high-rise residences here.

In Sentul, or also known as Batu district, the average price psf for non-landed homes is at RM616 psf. The Kuala Lumpur Performing Arts Centre is located here. Residences in this district include Sky Awani and Desa Sentul. With RM500,000, you can possibly get a decent 811 sq ft of space.

Setiawangsa and Wangsa Maju are situated next to each other and non-landed homes here are asking for an average price of about RM528 psf (you get 946 sq ft for RM500,000) and RM477 psf (1,048 sq ft for RM500,000), respectively. These districts cover Setapak Jaya, Gombak Setia and Taman Melati. Seri Maya Condo and Lexa Residence are among the condos located here.

Segambut non-landed homes are asking for an average price of RM500 psf, which gives you a 1,000-sq ft space with half a million ringgit. Besides Mont’Kiara, Segambut also covers Sri Hartamas, Taman Sri Sinar and Taman Kok Doh. Examples of non-landed homes here besides thoses in Mont’Kiara are Bougainvilla Condo and Bukit Segambut Apartments.

Meanwhile, the least expensive district in Kuala Lumpur is Bandar Tun Razak. The average asking price for non-landed residences in this district is at an affordable RM248 psf which translates to 2,016 sq ft for RM500,000. It is noted that there is a number of low- to medium-cost flats in the area which spans from Chan Sow Lin to Bandar Sri Permaisuri, Taman Segar, Alam Damai, and Bandar Tasik Selatan to the Sungai Besi Military Camp. It neighbours Cheras and is 12km away from KLCC. Condos like Suasana Lumayan Condominium and Lido Residency are in Bandar Tun Razak.

Kepong is the second least expensive district in Kuala Lumpur. Some 1,190 sq ft can be bought with half a million ringgit. The average asking price here is around RM420 psf. Areas such as Kepong Baru, Metro Prima and Taman Sri Bintang are located in Kepong. Kepong is a mature township in
Kuala Lumpur. It is less than 10km away from the city centre. Vista Mutiara and First Residence are some of the high-rise residences in Kepong.

Another relatively affordable district is Cheras where non-landed homes are asking for an average RM456 psf. This translates to 1,096 sq ft of space for RM500,000. Cheras is located to the south-east of Kuala Lumpur adjacent to Ampang to the north and Kajang to the south. Condos here include
Miharja Condominium and Vistana Residence.

Now that you have an inkling on the kind of space you can get for your budget, you can start searching for that dream home.

Interested in property investments in Vista Mutiara after reading this article? Click here to check out the properties there.

This story first appeared in TheEdgeProperty.com pullout on May 20, 2016, which comes with The Edge Financial Daily every Friday. Download TheEdgeProperty.com here for free.

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