PROPERTY SNAPSHOT 4: What’s hot in Kinrara?

This is the final part in a series of four snapshots on Bandar Kinrara.

• Here's a succinct look at price growth and indicative asking rental yields for non-landed residences in Bandar Kinrara.
   
• The property market here has clearly benefited from the boom of neighbouring townships such as Puchong and Bukit Jalil. Based on analysis of transactions by theedgeproperty.com, average prices gained 23.4% y-o-y to RM309 per square foot (psf) in 3Q2014. All non-landed properties observed have charted positive growth in capital values. 
   
• In the 12 months to September 2014, Pangsapuri Suria and Seri Kasturi appear to have outperformed in terms of capital growth. However, closer observation reveals there were some unusually low transactions in the base year, which have inflated subsequent capital gain calculations.
   
• Properties in the mid-end segment seem to have appreciated the most. Sri Teratai Apartment in Bandar Kinrara 3, Vista Lavender in Taman Kinrara 3, and Casa Riana in Puncak Jalil have each gained 24.7% y-o-y, 24% y-o-y and 23.9% y-o-y, respectively. These are fairly old medium-cost apartments. 
   
• From observation of asking rentals as at June 2015, Suria Kinrara in Taman Kinrara 2 appears to generate the highest yields at 6.3% per annum. Units in this property are quite compact at 712 sq ft for a 3-bedroom configuration. This translates into relatively high rental yields on a per square foot basis. 
   
• The future LRT extension into Bandar Kinrara is set to transform the local rental market. The Zest will have access to the Alam Sutera station while the upcoming 8 Kinrara will be located close to the Kinrara BK5 station. There is also a proposed future station at BK3 which will be in the vicinity of Mayang Apartment, Sri Teratai and D’Cahaya Apartment.

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.