News by theedgeproperty.com

This week, the spotlight falls on the secondary market of non-landed residences within the KLCC nucleus.

Property investors who have the guts to take the plunge during a challenging period such as this stand to gain huge capital gains from their investments, said Malaysian Institute of Estate Agents immediate past president Siva Shanker.

The highest relative price growth can be found at Villa Scott within the heart of Brickfields.

Luxury condominiums are located closest to KL Sentral while the mid-cost condominiums are located further away.

Brickfields offers a diversity of properties. Some 31% of  transactions were for units priced over RM1 million while 15.5% were in the range of RM400,001 – RM500,000 and 12.1% were in the range of RM800,001 – RM900,000.

Transaction activity has also been lackluster since 2014. Total transaction volume for the 12 months to 1Q2015 fell 30.1% y-o-y from 166 units to 116 units.

MIEA said this year’s convention will comprise relevant topics and leading industry speakers to equip participants with knowledge, business tools, and the mindset to face challenges.

All the top performers, with the exception of Kiaramas Cendana by Asia Quest Holdings Sdn Bhd, were completed in the mid-1990s to early-2000s, and were developed by Sunrise Bhd.

Despite the high price tags, the concentration of the market in RM401–RM800 psf range suggests that units offered in the area are generally large, and thus oriented towards affluent families.

Units in Mont’Kiara are among the most expensive in the country. In the review period, 25.7% of secondary transactions fell into the RM1,00,001– RM1,500,000 range