PROPERTY SNAPSHOT What are developments priced in Sentul?

• Today, we look at the prices of developments in Sentul on a per square foot (psf) basis. Based on transactions analysed by theedgeproperty.com, the average price of condominiums in the area was RM387 psf in 3Q2014.

• The launches of The Capers and The Fennel in Sentul East, which are currently under construction, have yet to be reflected in transaction data. With a reported launch price around RM600 – RM700 psf, sales at these projects are expected to further pull up average prices in Sentul.

• With numerous flats and low-cost apartments in the area, some 56% of residential property sales in the 12 months to 3Q2014 fell within the RM201 – RM400 psf range. Sales within the RM601 – RM800 psf accounted for only 8.9% of transactions in the same period.

• The most expensive projects are The Saffron and The Tamarind, with an average transacted price of RM619 psf and RM547 psf, respectively.

• Transaction data reveals that units at The Saffron consistently command about a 10% premium over the adjacent The Tamarind, although both are within YTL’s Sentul East. This is likely attributable to its age as The Saffron was completed in 2008 while The Tamarind was completed in 2005.

• The next most pricey development is 1 Sentul (RM476 psf ). After that, there is a steep almost 30% drop to RM340 psf for Sentul Utama and RM332 psf for Pelangi Condominium.

• The most affordable units can be found at Sentul Murni Flat (RM150 psf), Pangsapuri Fasa 3 (RM184 psf) and Sentul Park Apartment (RM188 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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