PROPERTY SNAPSHOT 3: What are developments priced in Dutamas?

•    Today, we continue our focus on Dutamas, Kuala Lumpur by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by TheEdgeProperty.com, the average price of condominiums in the area was RM518 psf in 1Q2015, up 6.6% y-o-y.

•    In the 12 months to 1Q2015, the majority (64.9%) of secondary strata transactions were within the RM401 – RM600 psf price range. Another 16.4% were for properties priced between RM201 – RM400 psf. Sales valued over RM1,000 psf accounted for only 3.3% of transactions.

•    The most expensive project was Solaris Dutamas, with an average price at RM969 psf. Located above the popular Publika mall, residential units here command a premium of around 50%. In the review period, prices for the 1-bedroom suites here were between RM750 psf to RM1,124 psf.

•    Other pricey projects on a psf basis were Sutramas (RM587 psf), Royal Regent (RM576 psf), Anggun Puri (RM537 psf) and Hartamas Regency (RM529 psf). Most of these projects are almost a decade old, and fall within the middle- to upper-middle segment.

•    The cheapest units can be found at the walk-up apartments in Taman SPPK Segambut (RM190 psf).

•    The most affordable non-landed homes here are older properties along Jalan Dutamas Raya. They are led by Menara Duta 2 (RM349 psf), Menara Duta 1 (RM362 psf), Prima Duta (RM371 psf) and Prima Ria (RM397 psf).

•    Numerous new projects are sprouting around the neighbourhood. Concerto North Kiara and Verdana North Kiara have both been recently completed while 28 Dutamas and NK Residences are underway.

Click here for price trends at Sutramas.

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.