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- Today, we continue our focus on Kuala Lumpur’s Setapak area 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 RM389 psf in 3Q2014, up 12.5% y-y.
- The property market in Setapak is fairly level, with condominiums and apartments in the area predominantly serving the affordable and mid-end segment.
- In the 12 months to 3Q2014, a large majority (63.5%) of transactions fell within the RM201-RM400 psf range. Another 32.9% of transactions belong to the RM401-RM600 psf range.
- The most expensive developments in Setapak still fall well within the mid-market segment. They are led by 288 Residency with an average transacted price at RM456 psf. Next is Setapak Green with an average price at RM448 psf.
- From data observed, the older Platinum Hill and Platinum Lake buildings have an average price between RM350 – RM390 psf while the newer condominiums command an average price between RM400 – RM440 psf.
- The least expensive developments can be found among the older apartments scattered around Setapak, such as Medan Intan Apartment and Idaman Suria (both transacted at an average price of RM240 psf) and Genting Court (RM283 psf).
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.
Related stories:
PROPERTY SNAPSHOT Affordable luxury at Setapak
PROPERTY SNAPSHOT What’s affordable in Setapak?
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