PROPERTY SNAPSHOT 4: What’s hot in Bukit Jalil?

•    Today, we look at price growth and indicative rental yields for non-landed homes in Bukit Jalil, Kuala Lumpur. From the analysis of transactions by TheEdgeProperty.com, the average transacted price for non-landed homes in the secondary market was RM464 psf in 1Q2015, up 15.5% y-o-y.

•    Buoyed by high-profile developments such as the RM3.5 billion Bukit Jalil City, the future Pavilion 2 Mall and the Paradigm Mall OUG, the property market has performed well in terms of capital growth.

•    Sri Rakyat Apartment registered the highest relative growth in average prices, gaining 31% y-o-y, due to its lower capital base. This project remains the most affordable property in the neighbourhood.

•    Significant gains were also observed at Vista Komanwel B (20.1%), Bukit OUG Condominiums (19.4%) and Green Avenue (18.5%).

•    The rental market in Bukit Jalil is driven by the numerous educational institutes in its vicinity such as Asia Pacific University (APU) and International Medical University (IMU). Incidentally,  the highest rental yields can be found at the Vista Komanwel properties, with annual indicative yields reaching up to 5.2% at Vista Komanwel A. Originally built to host athletes during the 1998 Commonwealth Games, this project is now more commonly used as a students’ residence due to its proximity to the IMU campus.

•   The recently commenced Sri Petaling LRT extension to Putra Heights features two new stations at Awan Besar and Muhibbah. Among properties located within walking distance to these stations are Bukit OUG Condominiums, Kiara Residence 1, Kiara Residence 2 and The Z Residence. Future projects in the vicinity include Casa Green, The Rainz and The Seedz.

Click here for the price trends at Green Avenue.

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.