PROPERTY SNAPSHOT 4: What's hot in Shah Alam?

• Today, we look at price growth and indicative asking rental yields for non-landed residences in Shah Alam.
   
• Based on analysis of transactions by theedgeproperty.com, average prices inched up 0.7% y-o-y to RM209 per square foot (psf) in 3Q2014.
   
• In terms of relative growth, Baiduri Apartment in Section 7 appears have grown the most, gaining 46% y-o-y to RM294 psf in the 12 months to September 2014. The medium cost apartments are within walking distance of Universiti Teknologi Mara Campus (UiTM). Following on its heels is Sri Permata in Section 9, where prices grew 31% y-o-y to RM289 psf.
   
• From observation of asking rentals as at June 2015, asking rental yields appear to be fairly average, with indicative yields ranging between 4.5% - 6.1% per annum. The rental market here is buoyed primarily by the student population of numerous educational institutions. 
   
• The highest yields can be found at Sri Acappella, with indicative rental yield at 6.1% per annum. This condominium is located in Section 13, close to business parks, Giant supermarket and the Shah Alam Stadium. 
   
• The Bandar Utama-Klang LRT line extension is not due for completion until 2020, but will not come a moment too soon. The line is expected to bring much needed public transport to alleviate congestion on the Federal Highway. Shah Alam will have seven new LRT stations: Bukit Raja, i-City, UiTM, SIRIM, Section 14, Persiaran Hishamuddin and Stadium. The Jewel@i-City and Elmira Residences will be within walking distance of the stations. At present, most of the land immediately surrounding the proposed stations are vacant and are likely to be developed.

Click here to check the price trend for Baiduri Apartments in Shah Alam, and neighbouring developments.

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.