News by TheEdgeProperty.com

IGB will also open new hotel under the St Giles brand in Sydney next month and plans are afoot for another hotel in Bangkok

Prices for non-landed residences in the Bangsar area have been steadily appreciating

Those closest to the Petronas Twin Towers command a premium while those further away are generally priced lower

With condominiums in the KLCC area generally targeted towards the elite and expatriates, rental rates can vary quite widely across developments

KLCC is the country’s most expensive address. In the 12 months to 3Q2014, about 23% of transactions were for properties in the RM1,001-RM1,200 psf range, followed by 19.5% for the RM801-RM1,000 psf range.

The most expensive address in the KLCC area belongs to The Binjai with an average transacted unit price of RM5 million

Prices in the KLCC area have generally stayed stagnant over the past two years, although average transacted prices have remained above the RM1,000 per square foot (psf) mark since 1Q2013

theedgeproperty.com’s analysis of of transactions of non-landed residential property in Brickfields (including KL Sentral) found that average values rose by 25% in the third quarter of last year (3Q2014) from a year ago to RM762 psf

MRT2 will no longer pass through Pandan and Cheras but through Chan Sow Lin and the proposed Bandar Malaysia project in Sungai Besi

Overall, rental rates in Brickfields generally range from between RM2.00 psf to RM3.90 psf