PROPERTY SNAPSHOT What are developments priced in Jalan Ipoh?

• Today, we continue our focus on Jalan Ipoh by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by theedgeproperty.com, the average price psf of condominiums and apartments in the area was RM395 psf in 3Q2014, up 10.1%y-y.

• Non-landed residences in the area predominantly serve the affordable and mid-end segment, with the notable exception of those in Sentul West.

• In the 12 months to 3Q2014, a large majority (64.5%) of transactions fell within the RM201-RM400 psf range. Another 25.2% of transactions belong to the RM401-RM600 psf range.

• The potential of Jalan Ipoh has not escaped notice, and the newer developments are priced to target the mid-to-upper end segments. The most expensive projects are those in YTL’s Sentul West, such as The Maple, which command a premium due to its location within an integrated development with parks, a performing arts theatre and other amenities.

• Completed in 2006, The Maple has an average price of RM634 psf and is the most expensive condominium in the area. Sang Suria, also developed by YTL, comes in third at RM466 psf. The second most pricey development is Viva Residency, completed in 2009, with an average price of RM568 psf.

• Unsurprisingly, the matured developments are less pricey. The least expensive developments are led by Pelangi Indah (RM252 psf), Permai Ria (RM259 psf) and Sri Intan 2 (RM271 psf).

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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