PROPERTY SNAPSHOT 2: What’s affordable in Seri Kembangan?

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

• Seri Kembangan has numerous high-rise residences. While the majority of them consists of flats and apartments, there are also plenty of upmarket properties, most of which can be found in Serdang Perdana to take advantage of the views over the lakes in the Mines Resort City.
   
• Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the average transacted price per square foot (psf) was RM303 in 3Q2014, while the average transacted unit price was RM245,000.
   
• The neighbourhood is fairly diverse. The RM200,001 – RM300,000 price range accounted for the largest share of transactions (22.2%). There were also many transactions in the mid-end segment, with the RM400,001 – RM500,000 price range accounting for 17.2% of transactions. 
   
• By average transacted price per unit, The Sanderson, in Taman Bukit Serdang, is the most expensive condominium with an average unit transacting for RM537,000. Parc @ One South is the next most expensive, with an average transacted unit price at RM512,000. The 3-bedroom units here typically come in two sizes, 1,065 or 1,215 sq ft; with observed average transacted prices at RM480,000 and RM550,000, respectively. 
   
• Buyers wanting more space could consider Putra Indah Condominium (RM437,000), where a typical 4-bedroom unit is as large as 1,600 sq ft. 
   
• The least expensive projects are led by the low-cost flats and apartments such as the Taman Desa Serdang Flats (RM61,000) and the Taman Sungai Besi Indah Flats (RM 66,000).

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.