- We continue our focus on Damansara /Bandar Utama by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by theedgeproperty.com, the combined average price of non-landed property in the area was RM493 psf in 3Q2014, down 6.6% y-o-y.
- An analysis of transactions by price range reveals the diversity of products offered. In the 12 months to 3Q2014, some 26.2% of secondary market transactions were in the RM401-RM600 psf range, 25.3% in the RM601-RM800 psf range and another 24.1% in the RM201-RM400 psf range. Some 3.2% of transactions were for units sold above RM1,000 psf.
- The most expensive address by far was Empire Damansara at Damansara Perdana, at an average transacted price of RM863 psf. Empire Damansara is a major mixed-use development comprising residential, office and hotel components. Units here consist primarily of studio or 1-bedroom units. Of the next-most expensive developments, Neo Damaransara (RM807 psf), Ritze Perdana 2 (RM719 psf) and Ritze Perdana 1 (RM639 psf) are also located in Damansara Perdana. Similarly, transactions here were primarily for the studio or 1-bedroom units.
- On a price psf basis, Armanee Terrace (RM388 psf) in Damansara Perdana appears a bargain. However, the unit sizes here are large at 2,300 to 2,700 sq ft, with an average unit price of RM923,000.
- The least expensive units are medium-cost apartments such as Flora Damansara (RM212 psf) and Desa Mutiara Apartment (RM253 psf).
Related stories:
PROPERTY SNAPSHOT 1: The ever-accelerating Bandar Utama / Damansara 'hood
PROPERTY SNAPSHOT 2: What’s affordable in Damansara / Bandar Utama?
How much of a bargain is a unit at Armanee Terrace? Tap here for The Edge Reference price to guide your decision-making.
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.
SHARE
TOP PICKS BY EDGEPROP
SALE
FEATURED
Kenny Hills (Bukit Tunku)
Kenny Hills (Bukit Tunku), Kuala Lumpur
RM 35,000,000
10 beds |
10 bath |
30000 sqft
SALE
FEATURED
Taman Ampang Hilir
Ampang Hilir, Kuala Lumpur
RM 2,500,000
8 beds |
4 bath |
7000 sqft
SALE
FEATURED
Taman Putra: Phase 3 - 6
Sungai Buloh, Selangor
RM 730,000
5 beds |
4 bath |
1300 sqft
SALE
FEATURED
Putra Indah @ Putra Heights
Subang Jaya, Selangor
RM 738,000
4 beds |
3 bath |
1732 sqft