• Today, we continue our focus on Mont’Kiara by looking at the pricing per square foot (psf) for the projects there.
• Based on transactions analysed by theedgeproperty.com, the average transacted price in 3Q2014 was RM685 psf, up 7.8% y-y.
• For the 12 months to 3Q2014, 41.9% of transactions were for properties in the RM601-RM800 psf range, followed by 39.8% for RM401-RM600 psf and 11.1% for RM801-RM1,000 psf. Some 4.9% were above RM1,000 psf.
• On a psf basis, the most expensive transacted were Verve Suites (RM1,086 psf), 10 Mont’Kiara (RM854 psf) and Kiara 9 (RM820 psf).
• Interestingly, Verve Suites have the smallest units at mostly 460-900 sq ft, while 10 Mont’Kiara is among the largest at 3,500-4,000 sq ft.
• The lowest priced units transacted were Lanai Kiara (RM433 psf), Ceriaan Kiara (RM504 psf) and La Grande Kiara (RM509 psf).
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.
Editor’s note: Property Snapshot appears every Monday through Thursday beginning May 5, both in The Edge Financial Daily and on theedgeproperty.com. Every week, we will give you a quick and brief analysis of a certain section of the property market in a specific area. This daily series will be followed by a deeper analysis and focus of the particular area in The Edge Property pullout of The Edge Financial Daily on Friday. The analysis is done by theedgeproperty.com’s research team. We hope that the information you get here will benefit you.
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