Ampang offers a diverse property landscape: one side of the Middle Ring Road 2 lies an exclusive ’hood frequented by expats; while on the eastern side of the MRR2, properties are older and in the affordable range.
East of Kuala Lumpur city, the Ampang municipality of Selangor is one of the Klang Valley’s oldest ’hoods . Many low-cost flats dot its housing estates while upmarket residences converge around Kelab Darul Ehsan golf course and along Jalan Ampang.
Based on theedgeproperty.com’s analysis of transactions, both prices and transaction volumes of non-landed residences in Ampang, Selangor have softened in 2014 since hitting their peak in 4Q2013.
The highest growth in capital values was among affordable apartments, led by Taman Kajang Utama (+34.3% y-o-y average transacted price) and Taman Cheras Prima (+32.6% y-o-y).
Newer condominiums in Kajang cater for slightly more affluent buyers.
Kajang’s numerous non-landed properties fall primarily in the mass-market segment.
Interestingly, Kajang is home to many exclusive gated-and-guarded residential estates.
The surge of new developments has buoyed the Seri Kembangan secondary market.
The landscape in Seri Kembangan is fairly diverse, with most of the high-rises catering for the middle to lower-middle segment.
There are plenty of upmarket properties with views over the lakes of Mines Resort City.
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