News by TheEdgeProperty.com

Analysis of the secondary market in Seri Kembangan reveals that prices have appreciated across most properties.

From analysis of transactions by theedgeproperty.com, most of the projects surveyed in Cheras South charted strong annual gains in average price per square foot (psf) in the 12 months to September 2014, albeit from a low base.

Despite its transformation, the majority of non-landed residences in Cheras South still consists primarily of low-cost apartments and flats. In the 12 months to 3Q2014, about half (49.5%) of transactions were under RM200 psf range and another 48.7% in the RM201 – RM400 psf range.

Before the wave of new developments at Cheras South, the landscape was fairly homogenous, consisting primarily of low and medium-cost apartments.

EcoWorld announced on Tuesday that its wholly owned subsidiary, Paragon Pinnacle Sdn Bhd was acquiring 26 pieces of leasehold land from different vendors, which measures a total of 2,198.4 acres (889.66ha) for RM1.18 billion cash.

A look at price growth and indicative asking rental yields for non-landed residences in Bandar Kinrara.

The group slipped into the red in FY15, posting a net loss of RM20.59 million against a net profit of RM23.29 million in FY2014. Revenue fell 1.55% to RM564.49 million from RM573.24 million in FY2014 reported The Edge Financial Daily today.

Up until recently, the landscape in Bandar Kinrara was fairly homogenous, consisting primarily of low-cost apartments and flats, but this is changing.

Bandar Kinrara once comprised primarily of low-to-medium cost terrace houses and flats, but newer developments are increasingly upmarket. 

Bandar Kinrara enjoys direct access to Kuala Lumpur City via Jalan Klang Lama, and is strategically located between the two growing neighbourhoods of Bukit Jalil and Puchong.