News by Tam You Sheng

A recent transaction of a unit at Park Regent in Desa ParkCity, Kuala Lumpur at RM12.5 million (RM2,771.61 psf) was not only a very rare high-price transaction, but also broke the record within the project itself.

With the proposed Urban Renewal Act (URA) set to be tabled in June, an expert has said the building age threshold should be higher than 30 years.

KL Wellness City has achieved 50% completion ahead of schedule. The key components of this development — The KL International Hospital (KLIH) and the Noble Health Care Park are set to be completed by 2Q2026.

After more than half a century, Cheras remains a popular area for homebuyers. An expert believes house prices in its mature neighbourhoods will keep up their modest annual growth.

Due to land scarcity in Kuala Lumpur, the city has increasingly been built vertically. Besides commercial buildings, residential high-rises of all shapes, sizes and attributes compete to offer the best values in the market.

The EdgeProp Malaysia App is easy to use and helps homebuyers make better decisions, backed by inclusive property market data.

There will be 150 new projects in total planned, and 95% of them are landed homes, according to the EdgeProp 2025 new-launches report. 

The supply of affordable housing in Selangor, priced at RM300,000 and below, is seeing a surge based on planned projects from 2025 onwards.

If your business plan needs a location near the Kuala Lumpur city centre, Cheras may be a viable option due to its proximity and relative affordability compared to the city centre, noted a property market leader.

Find out the y-o-y median transacted price movements of four of PJ’s most popular locales as of Oct 31, 2024 — based on EdgeProp Research and EPIQ platform.