•    The existing non-landed residences in Kelana Jaya consist mainly of mid-market condominiums built in the early 2000s. Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the average transacted price per square foot (psf) was RM455 in 3Q2014, while the average transacted price per unit was RM500,000.

•    In the same period, the RM500,001–RM600,000 price range accounted for the largest market share of transactions (29.9%). Another 22.5% of transactions were for homes priced between RM400,001 and RM500,000.

•    Notably, there were no transactions above RM1 million, except for the sale of a 3-bedroom unit at Sterling Condominium in April 2014 for RM1.03 million. This is likely to change as data is updated to reflect sales at the Azure Residences, a luxury condominium atop Paradigm Mall.

•    Sterling Condominium is the most expensive development with an average transacted price of RM714,000. It offers family-sized units within walking distance to the Kelana Jaya recreation park and Paradigm Mall.

•    The most affordable developments are led by the apartments, such as Lily Rose Apartment in Taman Mayang Jaya and Suria Damansara in Taman Kelana Jaya (both RM315,000), and Kelana Impian in SS1 (RM336,000).

•    Suria Damansara appears to be a bargain, with an average transacted unit price at RM315,000. However, the low prices may be explained by its location which is next to the New Klang Valley Expressway (NKVE). The access tunnel to the building under the NKVE is narrow.

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.

Related story:
PROPERTY SNAPSHOT Paradigm Mall lifts Kelana Jaya

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