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KUALA LUMPUR (June 26): Railway tracks, godowns, temples, living quarters and shops from a bygone era: this image of Sentul, one of Kuala Lumpur’s original districts, is gradually giving way to condominiums, private landscaped parks and arts spaces, thanks to the urban redevelopment project undertaken by YTL Land and Development Bhd over a decade ago. Sentul today is an eclectic mix of old and new.
Its residents remain predominantly low and middle-income earners, but the high-end, high-rise residential properties, parks and lifestyle facilities so far introduced into the area have drawn the well-heeled to live in Sentul.
An analysis of transactions in the area by theedgeproperty.com shows the average price psf of non-landed residential property (excluding Sentul West) rose 17.5% in the third quarter of 2014 (3Q2014) to RM387 psf, from RM330 in 3Q2103. A majority of transactions were those in the RM201 to RM400 psf range. Real estate agents concur that Sentul is the choice market for affordable homes.
Given its established public transport network, including two LRT stations, the ongoing urban renewal process and the entry of established developers into the area, real estate values can be expected to appreciate in future.
Find out more about Sentul's investment potential in the June 26, 2015 issue of The Edge Financial Daily's The Edge Property pullout or read the cover story here.
For a quick and brief analysis of the property market in Sentul:
PROPERTY SNAPSHOT Sentul comes of age
PROPERTY SNAPSHOT What’s affordable in Sentul?
PROPERTY SNAPSHOT What are developments priced in Sentul?
PROPERTY SNAPSHOT What are developments priced in Sentul?
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