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This is the third in a series of four snapshots on Selayang. Look out for the final part tomorrow.
• Today, we continue our focus on Selayang, Selangor by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by theedgeproperty.com, the combined average price of condominiums and apartments in the area was RM245 psf in 3Q2014, up 23.5% y-y.
• The present high-rise landscape in Selayang is fairly homogenous, with most apartments falling within the low to mass-market segment. In the 12 months to 3Q2014, up to 99% of secondary transactions occurred under the RM400 psf level while 67.8% fell within the RM201 – RM400 psf range.
• The most expensive address is Selayang Point, with an average price of RM363 psf, almost 13% higher than the next project. It offers a convenient location, ground floor shops, Selayang Capitol, a wet market and a food court all within walking distance. In July, a top floor unit here was sold for RM429 psf.
• The next most expensive address by average price is KiPark Selayang at RM322 psf. Completed in 2008, this condominium offers a quiet environment surrounded by greenery. It only has 194 units in total.
• Buyers looking to invest could consider 162 Residency, which had an average price of RM279 in the review period. Completed in 2011, this mixed-use cdevelopment has retail units on the ground floor. It is located next to the ambitious upcoming Selayang Star City integrated development.
• The most affordable dwellings are the older, low-cost flats. They are led by Batai Apartment (RM100psf) Nuri Apartment (RM108 psf) and Apartment Julia (RM110 psf).
Click here to check out the price trends at KiPark Selayang.
The Analytics are based on the data available at the date of publication and may be subject to further revision as and when more data is made available to us.
