News by EdgeProp

 The property market in Setapak consists mainly of mass-market condominiums and apartments.

DBKL executive director of economic development, Datuk Mohd Sauffi Mohamad said stern action will be taken against those who abuse the PPR and PA housing schemes. "We take back the houses," he warned.

Setapak has an abundance of high-rise residences, most of which are priced to target the middle class.

This week, the spotlight falls on the secondary market of non-landed residences in one of Kuala Lumpur’s oldest suburbs, Setapak. Areas covered span from Taman Melati at the north and bounded by the Duta-Ulu Kelang Expressway (DUKE) at the south.

The project is a 23-storey tower with 888 serviced apartments that will have built-ups of 650 to 1,500 sq ft and 13 retail units.

Overall, capital values in Jalan Ipoh have grown slightly. The highest relative price growth was at Pelangi Indah, with the average price up 23.9% y-o-y to reach RM276 psf in 1Q2015. This was followed by Permai Ria Condominium (up 21.2% to RM304 psf) and Sri Intan (up 20.1% to RM316 psf).

MTUC secretary general N Gopal Kishnam said this would help Putrajaya's efforts in providing affordable housing for low- and middle-income workers.

As a mature neighbourhood, most of the homes are dated, affordable and mid-end ones, except those in Sentul West.

With IBS being used in the construction industry, the number of unskilled workers in the country can also be reduced and focus can be placed on pre-fabricated and modular construction.