Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the average transacted price was RM170 per square foot (psf) in 3Q2014, while the average transacted price per unit was RM127,000.
The average transacted price per square foot (psf) rose 6.3% y-o-y to reach RM170 psf in 3Q2014. This follows 12% y-o-y growth in the preceding year.
The highest rental yields can be found at Paramount View in Taman Paramount.
The costliest address is Tropicana City Tropics, with an average transacted price of RM890 psf, almost 22% higher than the next-most costly projects, Amcorp Serviced Suites and Li Villas (RM732 psf each).
By average transacted unit price, the most expensive project is Five Stones in SS2, with an average transacted price of RM1.58 million.
Based on theedgeproperty.com’s analysis of transactions, the average price eased in 1Q2013 and then spiked in 2Q2013 due to a large volume of transactions at Five Stones in SS2 and 1120 Park Avenue in PJS 1.
Klang’s property market has long been dominated by landed homes. But there are signs that its non-landed homes are coming out of the shadows and seeing more ‘action’.
The neighbourhood is set to receive up to nine new LRT stations.
Klang remains a very affordable city with ample land supply, with most strata transactions falling in the low-to-mid cost segment.
Klang is home to numerous new townships with all types of landed homes. The non-landed landscape, however, is more homogenous, consisting primarily of flats and medium-cost apartments.
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