News by theedgeproperty.com

While there are numerous condominium projects in the pipeline, the high-rise landscape is still predominantly dominated by the low-to-mid-cost segment.

The areas covered are PJU 9 (Bandar Sri Damansara) and PJU 10 (Damansara Damai), which are collectively called Damansara North for the purposes of this study.

The awards gala night was held on Nov 30 at the Mandarin Oriental in Kuala Lumpur and more than 300 of real estate’s biggest players and experts came together to celebrate the industry’s best and brightest stars.

The property developers were ranked according to their overall score. After the points for the quantitative and qualitative attributes were tabulated, the results were audited by Deloitte Malaysia.

The projects that gained the most in capital value are well-located. Residents at Pelangi Damansara (16.9% y-o-y) and Surian Condominium (13.4% y-o-y) will soon be able to walk to the Mutiara Damansara MRT Station, while residents at 1 Bukit Utama (16% y-o-y) will soon benefit from both the 1 Utama LRT and MRT interchange.

An analysis of transactions by price range reveals the diversity of products offered. In the 12 months to 3Q2014, some 26.2% of secondary market transactions were in the RM401-RM600 psf range...

As one of the Klang Valley’s most popular urban centres, non-landed residences in the Damansara/Bandar Utama areas comprise mostly of condominiums targeted to the upper-middle class segment.

Based on theedgeproperty.com’s analysis of transactions, the average price of strata residences here grew sharply in 2013, peaked in 4Q2013 and has since retreated slightly.

At Puchong South, the rental yields as calculated from asking rental prices as observed at June 2015 are fairly average, ranging between 4.3% - 6.5% annually.