PROPERTY SNAPSHOT 1: A lull for Ampang property
Based on theedgeproperty.com’s analysis of transactions, both prices and transaction volumes of non-landed residences in Ampang, Selangor have softened in 2014 since hitting their peak in 4Q2013.
Based on theedgeproperty.com’s analysis of transactions, both prices and transaction volumes of non-landed residences in Ampang, Selangor have softened in 2014 since hitting their peak in 4Q2013.
The highest growth in capital values was among affordable apartments, led by Taman Kajang Utama (+34.3% y-o-y average transacted price) and Taman Cheras Prima (+32.6% y-o-y).
Newer condominiums in Kajang cater for slightly more affluent buyers.
Kajang’s numerous non-landed properties fall primarily in the mass-market segment.
Interestingly, Kajang is home to many exclusive gated-and-guarded residential estates.
The surge of new developments has buoyed the Seri Kembangan secondary market.
The landscape in Seri Kembangan is fairly diverse, with most of the high-rises catering for the middle to lower-middle segment.
There are plenty of upmarket properties with views over the lakes of Mines Resort City.
Analysis of the secondary market in Seri Kembangan reveals that prices have appreciated across most properties.
From analysis of transactions by theedgeproperty.com, most of the projects surveyed in Cheras South charted strong annual gains in average price per square foot (psf) in the 12 months to September 2014, albeit from a low base.