News by EdgeProp

With condominiums in the KLCC area generally targeted towards the elite and expatriates, rental rates can vary quite widely across developments

KLCC is the country’s most expensive address. In the 12 months to 3Q2014, about 23% of transactions were for properties in the RM1,001-RM1,200 psf range, followed by 19.5% for the RM801-RM1,000 psf range.

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

theedgeproperty.com’s analysis of of transactions of non-landed residential property in Brickfields (including KL Sentral) found that average values rose by 25% in the third quarter of last year (3Q2014) from a year ago to RM762 psf

MRT2 will no longer pass through Pandan and Cheras but through Chan Sow Lin and the proposed Bandar Malaysia project in Sungai Besi

Overall, rental rates in Brickfields generally range from between RM2.00 psf to RM3.90 psf

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

The REIT is part of the integrated property developer’s long-term strategy to generate a recurring income stream, contributing 30% to its net profit