Property Hunter Magazine Property Hunter Magazine Issue 52 - March 2014 | Page 96

/// Hot Topic /// HOT TOPIC Healthy Growth in Residential Market KLANG VALLEY capital values (1Q2010 - 3Q2013) TYPES OF HOMES 1Q10 2Q10 3Q10 4Q10 1Q11 CAPITAL VALUE (RM/UNIT) 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 1-storey terraced houses (land area 1,300 - 1920 sq ft) 250 470 560 560 180 155 Bandar Sri Damansara TTDI (Openg) Bangsar Park Lucky Garden Bandar Kinrara (1,400 sf ) Puchong Perdana (1,300 sf ) 260 480 580 580 190 170 260 480 600 600 200 170 300 500 620 620 200 175 320 550 640 620 200 175 340 600 680 650 230 175 350 650 680 720 250 180 380 660 800 750 280 180 400 660 850 770 300 180 420 660 880 770 320 180 420 660 880 780 340 180 470 700 900 800 360 200 470 700 900 800 360 200 470 530 770 820 950 1,000 850 950 390 440 200 220 2-storey terraced houses (land area 1,200 - 1,900 sg ft) Bandar Sri Damansara (SD7) TTDI (Athinahapan) Bandar Utama (BU1) Bangsar Baru USJ (USJ6) Bandar Puchong Jaya (1,500 sf ) Pusat Bandar Puchong (1,400 sf ) 430 710 560 1,000 250 300 310 470 750 610 1,100 270 320 320 480 750 650 1,150 280 320 320 500 850 730 1,200 320 350 360 550 850 730 1,200 320 350 370 600 900 800 1,300 340 375 380 650 950 800 1,300 350 400 400 670 1,000 880 1,350 380 430 450 670 1,000 900 1,350 420 430 480 700 1,100 920 1,350 440 500 500 720 1,100 1,000 1,350 450 520 520 800 1,200 1,000 1,600 480 550 550 800 1,200 1,000 1,600 480 550 550 850 900 1,300 1,400 1,100 1,150 1,600 1,700 500 570 600 650 600 600 150 390 450 710 670 410 540 440 180 680 580 315 190 295 900 345 2 150 410 450 720 660 410 550 440 190 680 580 320 200 300 910 345 2,100 150 410 480 720 660 410 550 440 190 680 600 320 200 300 920 365 2,100 165 450 520 750 685 470 560 440 190 700 640 370 210 330 960 380 2,150 180 475 530 750 685 490 570 440 190 715 640 390 210 340 1,000 395 2,150 200 500 560 750 720 525 570 440 205 730 640 420 220 340 1,050 395 2,150 200 525 610 750 750 525 570 450 220 730 675 420 230 375 1,100 400 2,000 210 525 640 750 800 520 560 440 265 750 700 440 240 375 925 400 1,760 210 550 650 775 855 520 560 440 265 780 730 440 245 375 925 400 1,760 220 550 650 800 855 560 560 480 265 780 735 440 255 400 1,000 400 1,760 230 565 660 830 880 580 600 485 265 800 780 480 255 450 1,000 400 1,760 250 580 710 880 900 600 600 485 280 820 800 500 280 490 1,000 430 1,800 250 580 710 880 900 600 600 485 285 820 800 500 280 490 1,000 430 1,800 300 300 610 610 740 740 900 900 910 950 620 680 600 630 490 530 305 320 850 850 810 820 500 500 300 300 520 560 1,000 1,000 440 450 1,900 1,900 High-rises (residential) Menara Damansara Villa Flora Kiara Park TTDI _ The Residence TTDI _ The Plaza Mont’ Kiara Pines Mont’ Kiara Sophia Lanai Kiara Good year Court 6-10 Sri Penaga Cascadium Tivoll VIllas Plaza Damas - Mayfair Sri Putramas Marc Service Residence Parkview Service Apartment Stonor Park The residential market performed well last year, according to Nabeel Hussein, associate director of C B Richard Ellis (Malaysia) Sdn Bhd. Presenting The Edge/C B Richard Ellis Klang Valley Housing Property Monitor for 3Q2014, he says, however, that it failed to show the same growth in capital value seen in previous years as a reduction in the availability of finance, concerns about economic growth and the government’s cooling measures 96 www.PropertyHunter.com.my served to dampen sentiment somewhat. “In general, the housing sector, especially the primary market in the Klang Valley, performed well in 2014. Many developers enjoyed brisk sales for new launches as buyers accelerated purchases ahead of the cooling measures, which are expected to impact the market in 2014.” Nabeel says there was also healthy demand in the secondary market in the mature areas of the Klang Valley, with prices of landed properties growing considerably in locations such as Petaling Jaya, Shah Alam, Subang Jaya and Puchong. According to Nabeel, the concern with these locations is the number of alternatives available. However, he adds that the limited size of quarterly samples may not show the true picture. SINGLE-STOREY TERRACED For single-storey terraced houses, Bandar Sri Damansara and Bandar Kinrara saw the highest price growth Q-O-Q at 12.8%, while Taman Tun Dr Ismail’s Burhanuddin Helmi area recorded the lowest growth at 4.7%. Bangsar Park recorded the lowest growth Y-O-Y, at 13.6%. Nabeel says the transaction prices of 1-storey terraced houses in Bangsar Park reached RM1 million each the highest for such houses in Greater Kuala Lumpur.