PROPERTY SNAPSHOT 1: Klang market on the rise
This area has been transforming over the years, with many top developers undertaking large projects.
This area has been transforming over the years, with many top developers undertaking large projects.
The new design entails, among other things, the site of the future station being moved slightly further from the mall’s location.
The rental market here is buoyed primarily by the student population of numerous educational institutions.
Based on transactions analysed by theedgeproperty.com, the combined average price of condominiums and apartments in the area was RM209 psf in 3Q2014, up 0.7% y-o-y.
Shah Alam is the administrative capital of Selangor and was once better known as an industrial hub. Now the city has evolved into a self-contained metropolis.
Shah Alam is fairly large, with the areas covered in this study spanning from Kayangan Heights and Alam Budiman to the north to Kampung Lombong and Kampung Jalan Kebun to the south.
With many new developments coming up, the Selayang secondary market for non-landed homes has soared.
The most expensive address here is Selayang Point, with an average price of RM363 psf.
The Selangor portion of Selayang, north of Kuala Lumpur, is a fairly mature suburb where the mass market remain fairly affordable.
The garment manufacturer-turned-property developer had entered into three separate conditional sale and purchase agreements (SPAs) with the vendors of PTS Impression Sdn Bhd, Yuten Development Sdn Bhd and Admiral City Sdn Bhd.