PROPERTY SNAPSHOT What’s affordable in Sentul?

• While the urban renewal of Sentul has been receiving much attention, the neighbourhood is still predominantly a low-to-middle cost market. Similar to Bangsar South in Kerinchi and KL Sentral in Brickfields, the Sentul Masterplan has contributed towards the increasing gentrification of Sentul.

• In 3Q2014, the average price per square foot (psf ) of non-landed properties spiked up 17.5% y-y to hit RM387 psf while the average transacted price of a unit was RM338,000.

• Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, almost three quarters (73.3%) of transactions in Sentul were for homes prices below RM400,000.

• In the mid-market segment, the RM600,001 – RM700,000 price range accounted for another 15.2% of transactions.

• Unsurprisingly, the most expensive developments are situated within YTL’s Sentul Masterplan, in Sentul East. They are The Saffron and The Tamarind with an average unit price of RM699,000 and RM655,000, respectively.

• In July 2014, a 1,757 sq ft 3-bedroom unit in The Saffron was sold for RM1.24 million, setting a new price record for the development.

• Another highly priced development is 1 Sentul, located further up north along Jalan Sentul Pasar. The project was completed in 2011 and most units are 3-bedroom layouts of around 1,100 to 1,400 sq ft.

• The most affordable developments are the old flats and low-cost apartments such as the Sentul Murni Flats (RM102,000), Pangsapuri Fasa 3 (RM115,000) and Pangsapuri Bandar Baru Sentul (RM124,000).

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.

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