KLCC

•    Today, we continue our focus on KLCC by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by TheEdgeProperty.com, the average price of condominiums in the area was RM1,167 psf in 1Q2015, up 9.8% y-o-y. 

•    While in the primary market we often hear of the latest projects breaking price records, prices in the secondary market have yet to reach the benchmarks set by the latest properties. In the 12 months to 1Q2015, the RM801 — RM1,000 psf price range accounted for the largest share of transactions (21.7%). This was followed by the RM1,001 — RM1,200 psf range (18.8%). Altogether, sales valued over RM1,000 psf accounted for 58.2% of transactions. 

•    Of the top five most expensive projects, most of them (with the exception of The Troika) have smaller than average unit sizes in order to cater to different needs. They are led by Marc Residence with an average price of RM1,474 psf. Units at Marc Residence range from studios (463 square feet (sq ft)) to penthouses (3,122 sq ft).

•    Some of the smallest units in KLCC can be found at Soho Suites, with an average price of RM1,349 psf. Unit sizes here generally range from 603 sq ft to 970 sq ft. Interestingly, this project also recorded the highest volume of transactions, with 55 units sold within the 12-month period. The most popular units were the 1-bedroom units, which saw transacted prices between RM680,000 to RM1,001,000.

•    However, the most expensive unit transacted on a per square foot basis can be found at The Troika. In October 2014, a 2,551 sq ft unit was unloaded for RM1,796 psf.

Check out the price trends at Marc Residence.

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.

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