Coming up on four acres of freehold land in Jalan Conlay, 8 Conlay will have a gross development value of RM4 billion and comprise two residential towers, named YOO8 Serviced by Kempinski, a hotel and a 5-storey retail podium.

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.

The Klang Valley residential market continued to falter against headwinds in 2Q2015.

Despite its transformation, the majority of non-landed residences in Cheras South still consists primarily of low-cost apartments and flats. In the 12 months to 3Q2014, about half (49.5%) of transactions were under RM200 psf range and another 48.7% in the RM201 – RM400 psf range.

Before the wave of new developments at Cheras South, the landscape was fairly homogenous, consisting primarily of low and medium-cost apartments.

its recurring income stream both from its investment property, Amcorp Trade Centre, and renewable energy projects in solar and hydro with a combined 16MW, is growing.

Based on theedgeproperty.com’s analysis of transactions, prices of non-landed properties in Cheras South appreciated steadily from 2012 to 2014, although prices here are still very affordable.

The landbank has a potential gross development value (GDV) of RM15 billion, comprising an integrated township (Eco Gardens) and a business park (Eco Business Park V) which is accessible via the Kuala Lumpur-Kuala Selangor Expressway, Guthrie Corridor Expressway and North-South Expressway.

This township in Selangor has seen very strong housing price growth over the years. More upside is expected in the future when the LRT extension of the Ampang Line is completed. It is also expected to gain from the growth of its neighbours — Bukit Jalil and Puchong.