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- Bukit Jalil is a key Klang Valley hub, with established institutional, and growing residential, and commercial developments, supported by strong infrastructure. Has the addition of a megamall influenced property prices?
KUALA LUMPUR (Oct 17): Bukit Jalil, located approximately 20 minutes from central Kuala Lumpur, is experiencing continued growth as a major residential, commercial, and institutional hub in the Klang Valley.
Anchored by the Bukit Jalil National Sports Complex, the precinct is home to the 87,500-seat National Stadium, Axiata Arena, National Aquatic Centre, National Hockey Stadium, and other premier sports facilities. Originally built for the 1998 Commonwealth Games, the complex continues to host international sporting events and concerts, reinforcing the area’s profile.
Adding to its appeal is an 80-acre recreational park with a lake, jogging trails, playground, par course and an international garden.
The area also hosts several educational institutions, including Kolej Teknologi Park Malaysia (TPM College), the International Medical University (IMU), Sekolah Sukan Bukit Jalil, SK Bukit Jalil, and SMK Bukit Jalil.
The precinct is well connected via the Bukit Jalil LRT station and major highways, including the KL–Seremban Highway, MRR2, and Kesas, providing access to KL and surrounding areas.
The area’s demographic consists of 45.7% T-20, 41.8% M-40, and 12.5% B-40, according to EPIQ data.
One of the latest developments in Bukit Jalil is Pavilion Bukit Jalil or Pavilion 2, which spans 1.8 million sq ft across five floors. Opened in December 2021, the mega neighbourhood mall drew an average monthly footfall of 1.2 million in its first six months, rising to between 1.4 million and 1.5 million by March 2023. It was also reported to have contributed increased revenue to the Pavilion Real Estate Investment Trust (REIT), and is projected to reach a 95% occupancy rate by the end of 2025, supported by sustained foot traffic.
How has the presence of such a huge retail hub impacted property values around Bukit Jalil, particularly in its vicinity? Data from EdgeProp EPIQ showed some interesting figures. (Note however, there may be other factors in play, such as increasing supply of certain segments.)
Landed home prices see uptick
Landed homes, comprising 71.68% of properties within a 1.5km radius of Pavilion Bukit Jalil, saw average transacted prices rise from RM1.5 million in both 2022 and 2023 to RM1.9 million in 2024—the highest in four years. In terms of price per square foot (psf), values increased from RM596 in 2022 to RM710 in 2023, and further to RM739 in 2024.
For landed properties, monthly rental rates in 2020 ranged from RM1,500 for a townhouse with a land area of 1,000 sq ft to RM8,000 for a terrace house with a land area of 4,521 sq ft, based on the 31 transactions recorded on EPIQ. In comparison, by 2024, rental rates ranged from RM1,800 for a terrace house with a land area of 1,000 sq ft to RM6,000 for a unit with a land area of 1,076 sq ft.
The non-landed segment, however, has not followed the same upward trajectory, with prices declining from RM712,000 (RM625 psf) in 2022 to RM687,000 (RM602 psf) in 2023, and further to RM656,000 (RM592 psf) in 2024.
In the commercial segment, which includes shoplots, shopping complexes, serviced apartments, and commercial land, based on 50 transactions, the average transacted values rose from RM3.1 million in 2023 to RM4.3 million in 2024. However, the average price psf declined from RM1,600 to RM1,100 over the same period.
In 2024, the 50 transactions recorded ranged from a 318 sq ft unit at Persiaran Jalil 1’s Aurora SoVo, which sold for RM290,000 (RM912.04 psf) to a 134,646 sq ft (RM818.06 psf) vacant parcel along Lebuhraya Bukit Jalil that changed hands for RM110 million.
Active continued developments
According to EdgeProp’s EPIQ data, development activity in Bukit Jalil remains robust, with nine ongoing projects covering 47.73 acres, six proposed projects spanning 40.72 acres, and 32.13 acres reserved for future development.
Ongoing construction covers a wide range such as Veladaz Residence, apartments, Flex Suites SoVo, clinic/service suites, and an international tertiary hospital which is expected to open in 3Q2026. Planned developments comprise PR1MA Bukit Jalil, serviced apartments, a retirement resort, mixed-use projects, and a central park. Future developments have also been earmarked, though details remain unspecified at this stage.
These ongoing and proposed developments, together with strong infrastructure and institutional presence, underscore Bukit Jalil’s role as a growing precinct within the Klang Valley.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
