With an average unit price of RM460,000, Fortune Avenue has fewer facilities than First Residence, but is more strategically located, close to AEON Big Kepong and Kepong Metropolitan Lake Garden. The Fortune Perdana Lakeside Kepong development will be located in the adjacent plot.
The Sungai Buloh-Kajang line should significantly shorten travelling times between Kepong, Kuala Lumpur city centre and Petaling Jaya.
The performance of the different segments — residential, commercial, retail, hospitality and industrial — across all the markets was mixed. The office segment in Hong Kong and China, for example, was vibrant due to foreign investment while in the UK, the commercial segment was strong.
As prices in urban areas of Greater KL hit new heights, mid-market products appear relatively attractive. Savvy buyers have found that...
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The strata market in Central City Kuala Lumpur is dominated by transactions of high-end condos and low-cost flats, with few middle-class products. In the 12 months to 1Q2015
While addresses in Central City Kuala Lumpur carry less prestige than KLCC ones (analysed in a separate article), most properties here still fall into the high-end segment.
The areas covered include Bukit Bintang, Bukit Ceylon, Chow Kit and Pudu. Geographically, the study area is bounded by Lebuhraya Sultan Iskandar and Jalan Tun Razak to the north and extends south, up to Jalan Istana.
The most expensive condominium was M Suites by Mah Sing Group. Since its completion at end-2013, the studio units (502 sq ft to 527 sq ft) have been the most popular, hence the high average transacted price of RM1,238 psf.
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