The property is strategically located in Jalan Kewajipan, within the thriving locality of USJ 1, Subang Jaya, and broadly sandwiched between two major highways, namely the Shah Alam Expressway to its north and the Damansara–Puchong Expressway to its south.

Bandar Kinrara enjoys direct access to Kuala Lumpur City via Jalan Klang Lama, and is strategically located between the two growing neighbourhoods of Bukit Jalil and Puchong.

Property auctioneers say the declining number of foreclosures could be attributed to homebuyers being more capable of servicing their loans on time and potential purchasers being able to afford more expensive properties.

The review period saw the completion of Naza Tower (NLA: 506,000 sq ft), Crest Jalan Sultan Ismail (NLA: 190,000 sq ft) and Menara Centara (NLA: 166,000 sq ft), bringing the cumulative supply of office space in Kuala Lumpur City to about 49.82 million sq ft. There were no completions in KL Fringe, so its cumulative supply remained at 21.72 million sq ft.

Its upmarket appeal is earning it a reputation as one of the most sought-after addresses in the Klang Valley.

Just five years ago, the section on the right bank of the Kinta River, which bisects Old Town and New Town, was home to largely  dilapidated or condemned buildings and vacant business premises – the result of the collapse of the tin-mining industry in the Kinta Valley in the mid-1980s

What kind of price growth and indicative asking rental yields do non-landed residences in Subang and Ara Damansara fetch? From analysis of transactions by theedgeproperty.com, low-cost apartments and flats charted the highest growth in capital values on a percentage basis.

The most expensive address is Oasis Serviced Suites, with an average price of RM744 psf.

Relative to other Malaysian REITs, KLCC REIT has been trading at a substantial premium with yields at about 1% above the 10-year Malaysian Government Securities.

Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the combined average transacted price per square foot (psf) was RM384, with an average transacted unit price of RM330,000.