PROPERTY SNAPSHOT What’s affordable in Dutamas?

• With land supply in Mont’Kiara becoming limited, the neighbouring Dutamas area has seen increasing developments given its lower land prices and pricing points. Upcoming projects in the pipeline include Arte Mont’Kiara, Concerto Korth Kiara and Verdana.

• Prices of non-landed residences in Dutamas have yet to catch up to those at Mont’Kiara, with the average price per square foot (psf) in 3Q2014 of RM494 psf and an average transacted unit price of RM624,000. In contrast, the average transacted price in Mont’Kiara was RM685 psf with an average unit price of RM1.13 million.

• Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the property market here has plenty of options for the mid-market segment with the RM500,001 – RM600,000 price range accounting for the largest market share of transactions (30.2%).

• The second largest price range by market share is the RM400,001 – RM500,000 range (22%)

• The most expensive development by average transacted unit price is Hartamas Regency 2, at RM925,000. The large duplex units here are popular with buyers. Other pricey developments are Solaris Dutamas (RM896,000), Sutramas (RM853,000) and Hartamas Regency 1 (RM806,000). Transaction data have yet to reflect the sales at Icon Residence, which may set a new price benchmark for the area.

• The most affordable developments are the older buildings along Jalan Dutamas Raya. They are led by Anggun Puri and Prima Ria with an average unit price of RM451,000 and RM461,000, respectively.

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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