Based on theedgeproperty.com’s analysis of transactions, the average price eased in 1Q2013 and then spiked in 2Q2013 due to a large volume of transactions at Five Stones in SS2 and 1120 Park Avenue in PJS 1.
Klang’s property market has long been dominated by landed homes. But there are signs that its non-landed homes are coming out of the shadows and seeing more ‘action’.
The neighbourhood is set to receive up to nine new LRT stations.
Klang remains a very affordable city with ample land supply, with most strata transactions falling in the low-to-mid cost segment.
Klang is home to numerous new townships with all types of landed homes. The non-landed landscape, however, is more homogenous, consisting primarily of flats and medium-cost apartments.
This area has been transforming over the years, with many top developers undertaking large projects.
The new design entails, among other things, the site of the future station being moved slightly further from the mall’s location.
The rental market here is buoyed primarily by the student population of numerous educational institutions.
Based on transactions analysed by theedgeproperty.com, the combined average price of condominiums and apartments in the area was RM209 psf in 3Q2014, up 0.7% y-o-y.
Shah Alam is the administrative capital of Selangor and was once better known as an industrial hub. Now the city has evolved into a self-contained metropolis.
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