News by EdgeProp

On closer inspection, the growth in average price is derived from a lack of transactions in the relatively lower-end segment. Few observed projects displayed significant actual appreciation in capital values. 

Of the top five most expensive projects, most of them (with the exception of The Troika) have smaller than average unit sizes in order to cater to different needs.

KLCC remains the most exclusive address in the country, with prices here reflecting the prestige of living in the heart of the city.

This week, the spotlight falls on the secondary market of non-landed residences within the KLCC nucleus.

Property investors who have the guts to take the plunge during a challenging period such as this stand to gain huge capital gains from their investments, said Malaysian Institute of Estate Agents immediate past president Siva Shanker.

The highest relative price growth can be found at Villa Scott within the heart of Brickfields.

Luxury condominiums are located closest to KL Sentral while the mid-cost condominiums are located further away.

Brickfields offers a diversity of properties. Some 31% of  transactions were for units priced over RM1 million while 15.5% were in the range of RM400,001 – RM500,000 and 12.1% were in the range of RM800,001 – RM900,000.

Transaction activity has also been lackluster since 2014. Total transaction volume for the 12 months to 1Q2015 fell 30.1% y-o-y from 166 units to 116 units.

MIEA said this year’s convention will comprise relevant topics and leading industry speakers to equip participants with knowledge, business tools, and the mindset to face challenges.