News by EdgeProp

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.

Flanked mainly by old shop houses, Jalan Ipoh is reminiscent of bygone days. As one of the oldest roads leading to Kuala Lumpur’s city centre, the area is fairly mature with limited empty land left.

This week, the spotlight falls on the secondary market of non-landed residences along one of Kuala Lumpur’s oldest arterial roads, Jalan Ipoh. We examine the stretch of Jalan Ipoh beginning from the intersection with the Middle Ring Road 2 at the north, passing the neighbourhoods of Jinjang, Batu, and Segambut, to terminate at the intersection with Jalan Tun Razak in Sentul. In 2014, the southern half of Jalan Ipoh had been renamed Jalan Sultan Azlan Shah.

Average prices have grown across the market. The highest relative price growths were observed among the mid-cost properties, in part due to their lower capital bases. The top three performers are located in Bandar Baru Sentul, led by Pangsapuri Bandar Baru Sentul, Pangsapuri Villa Angkasa and Menara Orkid, with average transacted prices up 38% y-o-y, 25.9% y-o-y and 24.9% y-o-y, respectively.