PROPERTY SNAPSHOT 3: What are developments priced in Bukit Jalil?
Based on transactions analysed by TheEdgeProperty.com, the average price of non-landed homes in the area was RM464 psf in 1Q2015, registering a 15.5% growth from RM402 psf in 1Q2014.
Based on transactions analysed by TheEdgeProperty.com, the average price of non-landed homes in the area was RM464 psf in 1Q2015, registering a 15.5% growth from RM402 psf in 1Q2014.
Non-landed residential property indices in Bukit Jalil appear affordable. Based on TheEdgeProperty.com’s analysis of transactions, the average transacted price of non-landed homes was RM464 per square foot in1Q2015 while the average transacted price per unit was about RM555,000.
Popular as a student and sports hub, the neighbourhood is beginning to grow into a lifestyle destination with the second Paradigm Mall and the second Pavilion Mall coming up in the vicinity.
The highest relative price growth can be found at Tropika Paradise, with the average price up 32.5% or from RM101psf to reach RM 410 psf in the 12 months to 1Q2015.
TheEdgeProperty.com turned one this month, passing major milestones in its first year of operations.
While the newer properties are becoming more upscale, most of the older projects in USJ are predominantly within the mid-end segment.
The bill to amend the Land Acquisition Act 1960, aimed at improving land acquisition procedures in the country, was debated by 22 Members of Parliament before it was passed, without any changes.
The most expensive project was Indera Subang at an average price per unit of RM729,000.
USJ’s strong performance in the 12 months to 1Q2015 was buoyed by transactions at Main Place Residence USJ21.