PROPERTY SNAPSHOT 1: Shah Alam in transition

theedgeproperty.com November 02, 2015 | Updated 8 years ago

property snapshot, shah alam
This is the first in a series of four snapshots on Shah Alam. Watch out for part two tomorrow.

This week's spotlight falls on Shah Alam's non-landed residential properties. Shah Alam is fairly large, with the areas covered in this study spanning from Kayangan Heights and Alam Budiman to the north to Kampung Lombong and Kampung Jalan Kebun to the south. The eastern boundaries are the Guthrie Corridor Expressway and the Elite Highway. The well-known affluent townships of Setia Alam, Setia Eco-Park, Bukit Jelutong, Kota Kemuning and Putra Heights are not included in this study.
Based on theedgeproperty.com’s analysis of transactions, the average price was RM209 per square foot (psf) in 3Q2014, a 15% fall from the peak of RM246 psf in 2Q2014, but up 0.7% year-on-year from RM207 psf in 3Q2013.
The average price had spiked in 4Q2013 and 2Q2014 on the back of an unusually large proportion of high-end transactions, particularly at Indah Alam, Alam Idaman and Menara U. On the other hand, transaction activity softened considerably in 2014, with the total transaction volume for the 12 months to 3Q2014 declining 17% from 1,022 units to 848 units.
Shah Alam has experienced its fair share of development activity in recent years. One of the largest is the 70 acre i-City development. Some of the condominiums under construction include Alam Sanjung, i-Residence, K3 Residensi, Metia Residence, Prins Hill Residences and V-Residensi 2. These expected to contribute over 2,300 units to new supply.
The local property market is set to receive a boost from the upcoming Bandar Utama-Klang LRT 3 line, which is due in 2020. Shah Alam will have seven new stations: Bukit Raja, i-City, UiTM, SIRIM, Section 14, Persiaran Hishamuddin and Stadium.

property snapshot, shah alam

Compare prices at Menara U with other developments in Shah Alam here, and chart price trends and more.

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