Residensi Bukit Jalil

Residensi Bukit Jalil is a residential apartment complex located in Bukit Jalil, Kuala Lumpur.

The area has seen significant growth in property prices and demand, particularly for non-landed properties near LRT stations.

Sub-Sale Market Analysis

1. Transaction Price:

• Price Range for Sale: The price range for Residensi Bukit Jalil apartments is between RM 456,400 and RM 783,378, with a price per square foot ranging from RM 435.94 to RM 657.50[2].
• Market Trend: The average transacted price per square foot for non-landed homes in Bukit Jalil has shown a steady increase, with a 19.3% rise to RM 444 in 3Q2014 from the previous year, indicating a strong demand for properties in this area[5].

2. Rental Price:

• Rental Range: The rental price for Residensi Bukit Jalil apartments is around RM1,500 to RM3,000 per month. The average rental price for a one-bedroom apartment in the city centre is around RM 1,565 per month, and outside the city centre, it is approximately RM 1,129 per month[3].
• Rental Yield: The rental yield in Bukit Jalil varies, with older developments like Sri Rakyat Apartment offering higher yields due to lower capital values and compact unit sizes. For instance, Sri Rakyat Apartment has an indicative asking rental yield of 8.3%, with average asking monthly rents at RM 790 or RM 1.20 per square foot[5].

3. Market Analysis:

• Demand: The demand for properties in Bukit Jalil is driven by its proximity to LRT stations, highways, and amenities. The area attracts young families and students due to its relatively lower prices compared to more mature areas in the Klang Valley[5].
• Supply: There is a concern about potential oversupply in the short term due to the completion of new projects. However, experts believe that demand will rise with population growth and the positive spillover from KL city centre and the Old Klang Road area, leading to a gradual increase in property prices[5].

Sources:

• [1] www.freemalaysiatoday.com
• [2] www.iproperty.com.my
• [3] www.shiksha.com
• [4] www.propsocial.my
• [5] www.edgeprop.my