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PROPERTY SNAPSHOT 1: Dutamas average price up 6.6% y-o-y

Dutamas

•    This week, the spotlight falls on the secondary market of non-landed residences within the growing suburb of Dutamas, neigbouring Mont’Kiara in Kuala Lumpur.

•    Based on TheEdgeProperty.com’s analysis of transactions, the average transacted price of non-landed properties was at RM518 psf in 1Q2015. This represents a 6.6% y-o-y rise from RM486 psf in 1Q2014.

•    However, this was a 6.8% drop from the previous quarter when the average price had hit a peak of RM556 psf on the back of an unusually high volume of transactions at Solaris Dutamas. Prices here were significantly higher than surrounding properties.

•    While the average price has generally held steady over 2013 and 2014, transaction activity has retreated since 2014. Transaction volume for the 12 months to 1Q2015 fell 26.3% from 414 units to 305 units.

•    Of note is the slew of projects in neighbouring Bukit Segambut. Marketed as North Kiara properties, these modern lifestyle condominium projects tout the benefits of being close to Mont’Kiara and Dutamas. Upcoming projects within the vicinity include 28 Dutamas, Agile, Anjali, Arte, Concerto Kiara, NK Residences, Scenaria, Suria and Verdana.

•    As for Dutamas, it will soon receive a boost with the 75.5-acre KL Metropolis underway. The mixed development will feature a world-class international trade and exhibition district, featuring office towers, serviced residences as well as the Malaysia International Trade and Exhibition Centre. 

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

The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
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