Buoyant Brickfields
Prices and rents of condos and serviced residences continue to rise in Kuala Lumpur’s Little India and in KL Sentral
Prices and rents of condos and serviced residences continue to rise in Kuala Lumpur’s Little India and in KL Sentral
Mont’Kiara’s comprehensive amenities and strategic location are the main draws for property buyers and investors
Overall, rental rates in Brickfields generally range from between RM2.00 psf to RM3.90 psf
In 1QFY15, Tropicana achieved RM176 million in property sales (down 55% y-o-y due to softer market condition and soft launch)
Land easily accessible via the Damansara-Puchong Highway, Federal Highway, New Klang Valley Expressway and other roads
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
Upcoming NCR investment locations saw 15% to 35% increase in prices in 2013. These areas include Sohna, Neemrana and J and L zones of Delhi.
Residential property, which constituted bulk of volume transacted (about 65% of total property volume), saw a marginal increase of +0.4% y-o-y
Brickfields is a two-tier market with projects within KL Sentral commanding a large premium over the older ones outside it