Sri Rakyat Apartment Bukit Jalil

Sri Rakyat Apartment is a low-cost apartment located in the popular and upcoming area of Bukit Jalil, Kuala Lumpur.

Built in 2003, it offers a convenient location with access to highways and proximity to upscale condominiums like The Treez.

Sub-Sale Market Analysis

1. Transaction Price:

• Average Cost: The average cost of a unit in Sri Rakyat Apartment is around RM223,382[1].
• Price Range: The selling price ranges from RM170,000 to RM258,000, with a price per square foot (psf) of RM261 to RM386[1].
• Median Price: The median price is RM200,821, with a median price psf of RM302[5].

2. Rental Price:

• Rental Range: The rental price for Sri Rakyat Apartment units starts from RM820[4], with a range of RM700 to RM900[3].
• Rental Yield: The average rental yield is 5.55%[1].

3. Market Insights:

• Demand: The demand for residential properties in Bukit Jalil is strong, with a particular preference for landed properties. However, the oversupply of non-landed projects could potentially limit price growth[5].
• Price Growth: Sri Rakyat Apartment has shown 0% annual price growth, indicating a stable but not increasing market value[5].
• Comparative Analysis: When compared to other properties in Bukit Jalil, newer developments fetch higher prices per square foot (RM500 to RM550 psf), while older ones average around RM400 psf[5].

References:

1. PropSocial – https://www.propsocial.my/developments/sri-rakyat-apartment-4878
2. PropertyLau – https://propertylau.com/top-affordable-apartments-for-college-students-in-bukit-jalil/
3. PropertyGuru – https://www.propertyguru.com.my/condo/apartment-sri-rakyat-156
4. EdgeProp – https://www.edgeprop.my/area-outlook/kuala-lumpur/bukit-jalil

Sources:

• [1] www.propsocial.my
• [2] wise.com
• [3] propertylau.com
• [4] www.propertyguru.com.my
• [5] www.edgeprop.my