PROPERTY SNAPSHOT What are developments priced in Brickfields?
There is a large premium for developments located within KL Sentral, with a premium of at least 40%-50%
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
In 3Q2014, the average transacted price for Mont’Kiara was RM685 per square foot (psf), up 7.8% y-y
UEM Sunrise expects flattish revenue year-on-year, with net profit of between RM500 million to RM550 million
Residential properties in prime locations such as London Zone 2 recorded a stable net yield of 3.5% in 4Q2014 and 1Q2015
On a psf basis, the most expensive transacted were Verve Suites (RM1,086 psf), 10 Mont’Kiara (RM854 psf) and Kiara 9 (RM820 psf).
JLL recorded 31 office projects encompassing 6.5 million sq ft space commencing operation