PROPERTY SNAPSHOT 2: What’s affordable in Puchong?

This is the second in a series of four snapshots on Puchong. Look out for part three tomorrow.

•    The older buildings in Puchong consist primarily of flats and low-cost apartments, as they competed with a large number of reasonably priced landed homes. In recent years, many of the newer condominiums are increasingly targeted towards the middle-income segment, especially those in Bandar Puteri Puchong and Bandar Puchong Jaya, which are located closer to Bandar Sunway, and the IOI Mall.
•    Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the average transacted price per square foot (psf) was RM334 psf in 3Q2014, while the average transacted price per unit stood at a reasonable RM324,000.
•    The high-rise landscape remains fairly affordable. In the same period, the RM300,001 — RM400,000 price range accounted for the largest share of transactions (27.9%). This was followed by the RM200,001 — RM300,000 price range (20%) and the RM100,001 — RM200,000 price range (16.1%).
•    The most expensive project by average transacted unit price is Solace (RM654,000). The condominium is one tower of the Setia Walk mixed development by SP Setia. Data for the other towers, VIO and TRiGON, have yet to be available.
•    Next is Atmosfera, in Bandar Puchong Jaya. Its high average transacted unit price of RM634,000 reflects the large unit sizes of about 1,300 to 2,800 sq ft. Among the most expensive projects, Aseana Puteri (RM568,000), Hijauan Puteri (RM442,000) and Casa Puteri (RM430,000) are located in Bandar Puteri Puchong, developed by IOI Properties.
•    The least expensive projects are dominated by low-cost flats, led by the Taman Puchong Perdana Flats (RM64,000).

The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data is made available to us.

Related story:
PROPERTY SNAPSHOT 1: Puchong’s story continues