PROPERTY SNAPSHOT 1: Kinrara grows
Bandar Kinrara enjoys direct access to Kuala Lumpur City via Jalan Klang Lama, and is strategically located between the two growing neighbourhoods of Bukit Jalil and Puchong.
Bandar Kinrara enjoys direct access to Kuala Lumpur City via Jalan Klang Lama, and is strategically located between the two growing neighbourhoods of Bukit Jalil and Puchong.
What kind of price growth and indicative asking rental yields do non-landed residences in Subang and Ara Damansara fetch? From analysis of transactions by theedgeproperty.com, low-cost apartments and flats charted the highest growth in capital values on a percentage basis.
The most expensive address is Oasis Serviced Suites, with an average price of RM744 psf.
Fututech announced in June that it is targeting to launch its maiden residential project, Vista Residence, which is worth RM300 million in gross development (GDV) value, in Gohtong Jaya by the fourth quarter of this year.
Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the combined average transacted price per square foot (psf) was RM384, with an average transacted unit price of RM330,000.
Nexgram’s chief executive officer, Datuk Tey Por Yee, however, commented that the amount was a small sum
Based on theedgeproperty.com’s analysis of transactions, the combined prices of Subang/Ara Damansara properties remained fairly stable in 2012 and 2013, averaging just under RM300 psf, before shooting up to RM384 psf in 3Q2014.
The group attributed improved profit to increased revenue and profit recognition from the sales achieved to date, and the timely handovers of its maiden property project, Fulton Lane in Australia, which was accounted based on the completion method.
The land is slated for a light industrial park and is a part of GUH Holdings' plan to cultivate future earnings growth in its property division, it said in a filing with Bursa Malaysia.
The highest growth in capital values can be found at Danau Impian, with the average price here up 26.2% to RM474 psf. This could be due to its location, close to shops and eateries, or its pricing. With practical unit sizes between 918 and 1,000 sqft for a 3-bedroom unit, the price quantum for units here fall within the RM400,000 – RM470,000 range.