News by EdgeProp

theedgeproperty.com’s analysis of of transactions of non-landed residential property in Brickfields (including KL Sentral) found that average values rose by 25% in the third quarter of last year (3Q2014) from a year ago to RM762 psf

MRT2 will no longer pass through Pandan and Cheras but through Chan Sow Lin and the proposed Bandar Malaysia project in Sungai Besi

Overall, rental rates in Brickfields generally range from between RM2.00 psf to RM3.90 psf

There is a large premium for developments located within KL Sentral, with a premium of at least 40%-50%

From a larger perspective, the majority of transactions (some 71.6%) in Brickfields still fall below the RM1.0 million mark

The REIT is part of the integrated property developer’s long-term strategy to generate a recurring income stream, contributing 30% to its net profit

Brickfields is a two-tier market with projects within KL Sentral commanding a large premium over the older ones outside it

In 3Q2014, the average transacted price for Mont’Kiara was RM685 per square foot (psf), up 7.8% y-y

Residents in some old neighbourhoods are willing to cough out a substantial amount of money to either pay for security guards or set up fences

On a psf basis, the most expensive transacted were Verve Suites (RM1,086 psf), 10 Mont’Kiara (RM854 psf) and Kiara 9 (RM820 psf).