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PETALING JAYA (June 12): Lying adjacent to the expat enclave of Mont'Kiara in Kuala Lumpur, Dutamas benefits from its neighbour's popularity. However, it is beginning to grow into its own, especially since integrated development Solaris Dutamas came into the picture.
Offering more affordable medium-end residences, Dutamas is gaining popularity among first-time homebuyers.
Data collated by theedgeproperty.com shows that the average price psf of non-landed high-rise residential properties in Dutamas has moderated after seeing substantial growth over the last few years.
The average price psf of non-landed residences in 3Q2014, according to analysis by theedgeproperty.com, was up a marginal 0.2% at RM494 psf compared with RM493 psf over the same period in 2013.
Real estate agents familiar with the area say its long-term outlook is promising, given the ongoing mega project of KL Metropolis and the planned improvements to public transport in the area in the form of rapid transit lines.
However, there may be cause for concern in the near-term over an oversupply of high-rise, high-end residences there.
For the full report, read the Cover Story in the June 12, 2015 issue of The Edge Property, the property pullout of The Edge Financial Daily here. Read the full pullout here. View the video.
For a quick and brief analysis of the property market in Dutamas:
PROPERTY SNAPSHOT Room to grow at Dutamas
PROPERTY SNAPSHOT What’s affordable in Dutamas?
PROPERTY SNAPSHOT What are developments priced in Dutamas?
PROPERTY SNAPSHOT What’s hot in Dutamas?
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Taman Bukit Indah @ Iskandar Puteri
Johor Bahru, Johor
