PROPERTY SNAPSHOT 1: Kajang gains momentum

This is the first in a series of four snapshots on Kajang. Look out for part two tomorrow.

•    This week the spotlight falls on non-landed residential properties in Selangor’s Kajang and the adjacent Bandar Sungai Long. The study covers Jade Hills in the west to Taman Kajang Perdana in the east, from Kajang 2 in the south to Bandar Sungai Long in the north.

•    Based on theedgeproperty.com’s analysis of transactions, the secondary prices of non-landed residential properties in Kajang/Bandar Sg Long have been steadily rising since 2013. The average price hit a peak of RM227 per square foot (psf) in 3Q2014, up 17.7% y-y from RM193 psf in 3Q2013. This follows a growth of 12.9% y-y in the preceding year.

•    Meanwhile the total transaction volume for the 12 months to 3Q2014 declined 17.4% y-y from 1,141 to 943 units.

•    Interestingly, Kajang is home to many exclusive gated-and-guarded residential estates. It  has many international schools and private hospitals to cater to the demands of the upper-middle class. As a result, the recent high-rise developments here are mainly upmarket ones, setting new benchmark prices which gives a boost to the local secondary market as well. Among the upcoming developments in Kajang include Saville @ Kajang and MKH Boulevard by MKH Berhad as well as Jadite Suites by Gamuda Land.

•    Kajang will become an increasingly viable place to live with the completion of the MRT Sungai Buloh-Kajang Line due in 2017. Kajang is set to receive three MRT stations at Saujana Impian, Bandar Kajang and Jalan Reko. 

For even more properties in Kajang, click here. Check out the value of your property with The Edge Reference Price.

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