PROPERTY SNAPSHOT What’s affordable in KLCC?
The most expensive address in the KLCC area belongs to The Binjai with an average transacted unit price of RM5 million
The most expensive address in the KLCC area belongs to The Binjai with an average transacted unit price of RM5 million
Prices in the KLCC area have generally stayed stagnant over the past two years, although average transacted prices have remained above the RM1,000 per square foot (psf) mark since 1Q2013
Prices and rents of condos and serviced residences continue to rise in Kuala Lumpur’s Little India and in KL Sentral
Mont’Kiara’s comprehensive amenities and strategic location are the main draws for property buyers and investors
Overall, rental rates in Brickfields generally range from between RM2.00 psf to RM3.90 psf
In 1QFY15, Tropicana achieved RM176 million in property sales (down 55% y-o-y due to softer market condition and soft launch)
Land easily accessible via the Damansara-Puchong Highway, Federal Highway, New Klang Valley Expressway and other roads
There is a large premium for developments located within KL Sentral, with a premium of at least 40%-50%
From a larger perspective, the majority of transactions (some 71.6%) in Brickfields still fall below the RM1.0 million mark
Upcoming NCR investment locations saw 15% to 35% increase in prices in 2013. These areas include Sohna, Neemrana and J and L zones of Delhi.