Brickfields offers a diversity of properties. Some 31% of transactions were for units priced over RM1 million while 15.5% were in the range of RM400,001 – RM500,000 and 12.1% were in the range of RM800,001 – RM900,000.
Transaction activity has also been lackluster since 2014. Total transaction volume for the 12 months to 1Q2015 fell 30.1% y-o-y from 166 units to 116 units.
MIEA said this year’s convention will comprise relevant topics and leading industry speakers to equip participants with knowledge, business tools, and the mindset to face challenges.
All the top performers, with the exception of Kiaramas Cendana by Asia Quest Holdings Sdn Bhd, were completed in the mid-1990s to early-2000s, and were developed by Sunrise Bhd.
Despite the high price tags, the concentration of the market in RM401–RM800 psf range suggests that units offered in the area are generally large, and thus oriented towards affluent families.
Units in Mont’Kiara are among the most expensive in the country. In the review period, 25.7% of secondary transactions fell into the RM1,00,001– RM1,500,000 range
Secondary market in Mont’Kiara is likely to remain a buyer’s market for the foreseeable future.
Its maiden venture in Australia will be an integrated development on the Southbank by the Yarra River with an estimated gross development value of RM8.28 billion.
The Malaysian Annual Real Estate Convention 2016 (Marec’16) aims to elevate the skills and mindsets of real estate practitioners to set themselves apart from the growing number of competitors in the market.
The highest absolute price growth can be found at SkyVilla Condominium, where the average price rose 18.6% y-o-y to RM333 psf.
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