News by EdgeProp

All the top performers, with the exception of Kiaramas Cendana by Asia Quest Holdings Sdn Bhd, were completed in the mid-1990s to early-2000s, and were developed by Sunrise Bhd.

Despite the high price tags, the concentration of the market in RM401–RM800 psf range suggests that units offered in the area are generally large, and thus oriented towards affluent families.

Units in Mont’Kiara are among the most expensive in the country. In the review period, 25.7% of secondary transactions fell into the RM1,00,001– RM1,500,000 range

Secondary market in Mont’Kiara is likely to remain a buyer’s market for the foreseeable future.

Its maiden venture in Australia will be an integrated development on the Southbank by the Yarra River with an estimated gross development value of RM8.28 billion.

The Malaysian Annual Real Estate Convention 2016 (Marec’16) aims to elevate the skills and mindsets of real estate practitioners to set themselves apart from the growing number of competitors in the market.

The highest absolute price growth can be found at SkyVilla Condominium, where the average price rose 18.6% y-o-y to RM333 psf. 

 TheEdgeProperty.com’s analysis of transactions shows the average price of condominiums in the area was RM193 psf in 1Q2015, up 10.8% y-o-y.

While the newer developments are becoming increasingly more upmarket, the secondary market in Kuching is still concentrated in the mass-market segment.

Despite the slowdown in the overall market, the high-rise segment has performed relatively well. Strata units are becoming increasingly viable due to the scarcity of land and the high prices of landed properties.