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• Flanked mainly by old shop houses, Jalan Ipoh is reminiscent of bygone days. As one of the oldest roads leading to Kuala Lumpur’s city centre, the area is fairly mature with limited empty land left.
• Based on TheEdgeProperty.com’s analysis of non-landed transactions in the 12 months to 1Q2015, the average transacted price per square foot (psf) was RM509 psf in 1Q2015, while the average transacted price per unit was RM447,000.
• With the exception of Sentul West, the properties off Jalan Ipoh are mainly in the mid-end segment. An analysis of transactions reveals that 29.1% of transactions were in the RM400,001 – RM500,000 range while another 26.9% fell within the RM300,001 – RM400,000 range.
• The two most expensive projects are by YTL Land & Development Bhd. As they are accessible off Jalan Ipoh, they have been included in this study.
• With an average price per unit at about RM1.05 million, The Maple is part of YTL Land’s Sentul redevelopment, which includes a gated 35-acre private park. The luxury condominium’s typical 3-bedroom units had transacted between RM890,000 to RM1,250,000. The most expensive unit sold within the review period was a 2,896 sq ft penthouse for RM1.7 million in December 2014.
• The next most expensive project was the mid-end Sang Suria with an average price per unit of about RM581,000, almost 45% lower than its neighbour, The Maple.
Want to know the price trends at The Maple. Click here.
The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.
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