OG Heights

OG Heights, located in Taman Yarl along Old Klang Road, is a modern low-density condominium that has been in operation since 1988.

Subsale Market Analysis

1. Transaction Prices:

• • Median Transacted Price: The median transacted price for OG Heights is RM 335,000, with a median price per square foot of RM 360[5].
  • Price Range: The selling prices range from RM 320,000 to RM 650,000, with prices per square foot varying from RM 226 to RM 794[1].
  • Comparison with Nearby Properties: The average transacted prices of OG Heights are lower compared to newer developments in the area. For example, Residensi Jalilmas (completed in 2020) has average prices ranging from RM 240,000 to RM 300,000, with prices per square foot from RM 297 to RM 375[1].

2. Rental Prices:

• • • Rental Range: The rental prices for OG Heights range from RM 1,100 to RM 1,600 per month[1].
    • Rental Yield: The rental yield for OG Heights is approximately 0.48%[1], though another source suggests a higher yield of 5.25% based on data from the past four years[2].
    • Comparison with Nearby Areas: The rental yields in nearby areas such as Bandar Sunway and Subang Jaya are higher, with average yields of 4.9% and 4.6%, respectively[3].

3. Market Trends:

• • General Market Performance: The Malaysian residential real estate market has shown signs of recovery, with increasing demand for affordable housing. However, the market performance in 2021 was affected by the COVID-19 pandemic and related restrictions[4].
  • Local Market Performance: The average prices in nearby areas such as KLCC, Bangsar, and Mont’Kiara have seen mixed trends, with some areas experiencing price drops and others slight increases. Rental yields have also varied, with some areas seeing improvements[3].

Sources:

• • [1] www.propsocial.my
  • [2] www.edgeprop.my
  • [3] theedgemalaysia.com
  • [4] www.mordorintelligence.com
  • [5] www.iproperty.com.my