news

The sun rises in the South of Bangsar

PETALING JAYA (June 5): Lying south of Bangsar on the fringes of Kuala Lumpur, between the city centre and Petaling Jaya are the Kerinchi and adjoining Pantai areas. While Pantai offers medium to high-income homes, Kerinchi has a varied mix of low-cost housing to medium high to high-end residences. Kampung Kerinchi, in particular, used to be home to urban pioneers and made up of village houses.

More recently however, large parts of the area have been undergoing gentrification by various developers. The most significant development in the area is Bangsar South. This and other new projects are creating a new skyline for Kerinchi/Pantai.

An analysis of transaction data in the Kerinchi/Pantai area by theedgeproperty.com reveals that the average price psf for non-landed residences has steadily risen over the years. Nevertheless, the average price psf as at 3Q2014 was RM421, down 16% from a year ago -- but this was due to an unusually large number of transactions for low-cost flats. 

Real estate agents and consultants believe that property values in the Kerinchi/Pantai area still has room for growth due to its excellent location and accessibility via highways and public transport as well as the ongoing gentrification process.

For the full report, read the Cover Story in the June 5, 2015 issue of The Edge Property, the property pullout of The Edge Financial Daily here. Read the full pullout here. View the video.
For a quick and brief analysis of the property market in Kerinchi/Pantai:
PROPERTY SNAPSHOT Growing interest South of Bangsar
PROPERTY SNAPSHOT What’s affordable in Kerinchi/Pantai?
PROPERTY SNAPSHOT What are projects priced in Kerinchi/Pantai?
PROPERTY SNAPSHOT What’s hot in Kerinchi/Pantai?

 

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. Landslide in Bangsar: Federal Hills residents urges DBKL to take preventive measures
  2. Report: Media Prima paying a high premium to repurchase Balai Berita
  3. Media Prima repurchases Bangsar headquarters from PNB for RM156.4m