PROPERTY SNAPSHOT 1: Dutamas average price up 6.6% y-o-y
This week, the spotlight falls on the secondary market of non-landed residences within the growing suburb of Dutamas, neigbouring Mont’Kiara in Kuala Lumpur.
This week, the spotlight falls on the secondary market of non-landed residences within the growing suburb of Dutamas, neigbouring Mont’Kiara in Kuala Lumpur.
Overall, capital values do not seem to have changed significantly. The low-to-mid-end segment appears to lead in terms of average price growth with the exception of Zehn Bukit Pantai. The luxury condominium registered the highest average price growth, gaining RM74 psf y-o-y to reach an average of RM731 psf in the 12 months to 1Q2015.
Prices within Kerinchi/Pantai range widely depending on the property; whether they are low-cost flats, mid-ranged condominiums, SoHo-like residences or modern luxury condominiums.
Unlike its more established neighbours of Bangsar and Mid Valley, the Kerinchi/Pantai areas have yet to be fully gentrified. Here, one would find the whole gamut of residences from low-cost flats, to student housing, to luxury condominiums.
This week, the spotlight falls on the secondary market of non-landed residences in Kuala Lumpur’s Bangsar South, Pantai and Kerinchi areas.
Overall, capital values in Bangsar have remained stable. The top performers were the older mid-end properties. The highest relative price growth can be found at Jamnah View, with the average price up 23% to reach RM898 psf in the 12 months to 1Q2015. The 1-bedroom units here have begun to surpass the RM1,000 psf threshold.
The condominiums offered in Bangsar consist primarily of large, exclusive, family-style units.
Commonly referred to as the Beverly Hills of Kuala Lumpur, Bangsar is an elite enclave, dominated by landed housing and exclusive, low-density, boutique condominiums.
This week, the spotlight falls on the secondary market of non-landed residences within the highly popular neighbourhood of Bangsar.
“Auctions are no longer for just distressed properties. With the right knowledge and skills, non-distressed properties in the secondary market can be sold with style through auctions,” said Malaysian Institute of Estate Agents (MIEA) state branch chairman Lim Boon Ping of Kim Realty.