In the 12 months to 1Q2015, about 62.7% of the secondary non-landed residential transactions fell within the RM401–RM600 psf range. Another 24.2% fell within the RM601–RM800 psf range.
Properties in Tropicana and Sunway Damansara fall primarily in the upper-middle segment.
Chairman Datuk Mohd Shafei Abdullah said there is good demand for hotels in Kota Bharu and Johor Bahru owing to the rapid development in both cities.
This week, the spotlight falls on the secondary market of non-landed residences in Tropicana and Sunway Damansara in Selangor. Straddling the more commercial areas of Bandar Utama and Mutiara Damansara, both are fairly similar residential areas, consisting primarily of landed properties.
Buoyed by increasingly upscale developments such as Sunway Nexis and Cascades, capital values have appreciated moderately.
Among the other pricey projects were Casa Residenza (RM510 psf) and Cova Villa (RM432 psf), which are located in Taman Sains Selangor.
The most expensive project was I Residence, with an average price per unit at about RM605,000.
Muhammad Asid Abd Jalil, 35, was sentenced to 16 years’ jail and 30 strokes of the cane by the Magistrate’s Court here for 30 counts of cheating in the purchase and investment of auction homes, Bernama reported yesterday.
While Kota Damansara was originally developed as a low- to medium-cost housing estate, the neighbourhood is on the property investor’s radar due to its proximity to the heart of Petaling Jaya and next to the future Kwasa Damansara township.
When S P Setia Bhd drew up the plans for its corporate headquarters at Setia City commercial centre at its flagship township Setia Alam in Shah Alam, the developer knew it wanted an icon that signified its commitment to sustainable development.
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