the oneoregeon.com.my/wp-content/uploads/iproperty-july-2014.pdf · 2014. 7. 18. · issue 113 |...

Issue 113 | July 2014 | RM8.00, S$8.00

MCI (P) 139/08/2013 KDN PP 13368/04/2013(032224)

Issue 113 | July 2014 | RM8.00, S$8.00

MCI (P) 139/08/2013 KDN PP 13368/04/2 013(032224)

ISSN 1823-8726

9 771823 872006 06 The Andes @ Bukit Jalil by Villamas Sdn Bhd

Pick of The MonthSabah Property Market: Gaining Traction

iProperty Buyers Club:

THE ONE Destination in Life That Truly Matters

Voted No.1 Property Magazine 2010/11/12/13 by A+M Magazine

72 |

CONTRIBUTOR | Oregeon Property Consultancy

Shah Alam (Sections 1 to 14)No longer the end of a highway, properties in Shah Alam are being snapped up very quickly.

The study area covered Section 1 to Section 14 of Shah

Alam, located on the north of the Federal Highway.

Out of 443,222 citizens in Shah Alam in year 2010

(Department of Statistics Malaysia), about 71% are

Malays, 12% are Chinese, 8% are Indians and 9% are of

other races, forming a living culture that is closer to the

Muslims where alcohol-related activities and nightlife

are relatively low compared to the surrounding areas,

giving it a peaceful and disciplined living environment.

The scheme is developed mainly with residential and

commercial properties, both landed and high-rise, old

and new. Living in the scheme is rather convenient as

there are hypermarkets like TESCO and Giant, University

Technology Mara (UTM), and i-City, where most forms

of entertainment can be found. Other than that the

Shah Alam High Court, Bangunan Mahkamah Sultan

Salahuddin Abdul Aziz Shah, the Shah Alam stadium and

Sultan Salahuddin Abdul Aziz Shah Golf Club are as well-

located within the scheme.

There are two major highways known as the Federal

Highway and the New Klang Valley Expressway (NKVE)

connecting the scheme to the other areas in Klang

Valley. These highways connecting several established

schemes have become major roads to travel between

work places and homes, resulting in traffic congestion

in these areas becoming very common within the

scheme, especially during peak hours. At the moment,

there is no rail service or any other sophisticated public

transportation services available within the township.

The proposed LRT extension through Shah Alam

towards Port Klang and the KTM stations located in

Klang shall be the closest public transportation system

benefiting residents from Setia Alam.

Condominium

SCheme YearBuilt-up area (Sf)

average priCe (rm pSf)

Count

Kemuncak Shah Alam

Condominium

2010

1,012-

2,043

158 14

2011 176 8

2012 242 7

2013 268 4

Prima U1 Condominium

2011 980-

1,100

329 10

2012 339 32

2013 353 15

Sri Alam Condominium

2010

797-

2,584

172 32

2011 197 36

2012 207 32

2013 261 13

Sri Mahligai Condominium

2010

1,071-

1,455

154 12

2011 197 15

2012 228 11

2013 260 6

Sri Permata Condominium

2010

950-

1,158

158 7

2011 197 10

2012 201 6

2013 287 2

Oregeon Property Consultancy Research Team


164

0

100

200

300

400

211260

297

Average Transacted Prices(RM psf)

Total Units Transacted

0

20

40

60

80

100

The recorded transaction prices of selected schemes within Shah Alam (section 1 – 14) are as below:-

| 73

apartment / ServiCed apartment

SCheme YearBuilt-up area (Sf)

average priCe (rm pSf)

Count

Baiduri Apartment

2010

850

196 6

2011 199 9

2012 193 6

2013 231 3

Brunsfield Serviced

Apartment

2010

678-

1,083

180 21

2011 213 21

2012 247 14

2013 279 7

Danau Mas Apartment

2010

815-

818

204 5

2011 238 6

2012 289 6

2013 294 4

Perdana Apartment

2010

850

171 34

2011 185 34

2012 205 40

2013 212 39

Sri Acappella

2010

726-

1,279

299 12

2011 352 24

2012 401 15

2013 450 8


197

0

10050

150

200250

300 239 254 257

Average Transacted Prices(RM psf)


0

20

40

60

80

100

74 |


terraCed houSe

no. of StoreYS

SChemeland area (Sf)

Yearmin (rm

pSf)max (rm

pSf)Count

1

SECTION 101,600

-2,350

2010 190,000 220,000 5

2011 190,000 300,000 7

2012 250,000 250,000 1

2013 300,000 300,000 1

SECTION 111,650

-1,660

2010 150,000 220,000 4

2011 100,000 268,000 6

2012 165,000 250,000 2

2013 200,000 230,000 2

SECTION 21,755

-1,800

2010 190,000 210,000 4

2011 110,000 235,000 4

2012 220,000 280,000 7

2013 100,000 320,000 6

SECTION 4 1,650

2010 150,000 200,000 3

2011 120,000 190,000 2

2012 200,000 230,000 3

2013 295,000 330,000 2

SECTION 111,630

-1,670

2010 300,000 357,000 2

2011 140,000 400,000 9

2012 320,000 450,000 5

2013 210,000 397,000 7

SECTION 131,300

-2,500

2010 270,000 750,000 29

2011 240,000 854,999 21

2012 300,000 1,023,888 20

2013 450,000 1,053,762 13

SECTION 41,650

-1,980

2010 230,000 400,000 9

2011 210,000 427,000 10

2012 325,000 485,000 5

2013 320,000 440,000 8

SECTION 61,500

-2,500

2010 222,800 400,000 6

2011 130,000 610,000 9

2012 375,000 375,000 1

2013 350,000 600,000 5

SECTION 71,300

-2,500

2010 240,000 475,400 47

2011 200,000 650,012 74

2012 290,000 650,000 41

2013 400,000 750,000 33

SECTION 81,496

-2,885

2010 120,000 350,000 12

2011 250,000 480,000 20

2012 200,000 540,000 18

2013 150,000 440,000 7

SECTION 91,539

-1,650

2010 290,000 380,000 6

2011 300,000 400,000 4

2012 453,000 480,000 4

2013 300,000 565,000 5

SECTION 71,540

-2,300

2010 350,000 506,000 7

2011 360,000 660,000 4

2012 330,000 770,000 4

2013 485,000 710,000 6


Semi-detaChed houSe

no. of StoreYS

SChemeland area (Sf)

Yearmin (rm

pSf)max (rm

pSf)Count

2

SECTION 13

2,450 -

9,410

2010 580,000 2,000,000 26

2011 700,000 1,386,020 18

2012 810,000 1,350,000 10

2013 725,000 1,530,000 12

SECTION 7

3,599 -

5,000

2010 890,000 1,133,000 4

2011 840,000 1,400,000 7

2012 1,100,000 1,700,000 5

2013 850,000 1,400,000 9

SECTION 9

3,600 -

4,004

2010 650,000 700,000 2

2011 400,000 800,000 6

2012 730,000 850,000 5

2013 760,000 1,050,000 3

3

SECTION 13

3,197 -

4,252

2010 1,100,000 1,449,000 5

2011 1,100,000 1,580,000 4

2012 1,370,000 1,650,000 5

2013 1,880,000 2,000,000 2

SECTION 7

4,400 -

5,500

2010 762,000 980,000 4

2011 1,125,000 1,300,000 6

2012 1,300,000 1,750,000 8

2013 1,300,000 1,300,000 1


Generally the high-rise dwellings were at a steady positive

growth in term of transacted prices from year 2010 to

year 2013.Hhowever, the increasing pace has shown a

slowdown in the average transacted price, i.e condo: 29%

(year 2010 - 2011), 23% (year 2011 -2012) and 14% (year

2012 – 2013), apartment / serviced apartment: 21% (year

2010 - 2011), 6% (year 2011 -2012) and 1% (year 2012 –

2013). On the other hand, total units transacted for both

sectors have shown a rather significant decrease in year

2013. As for the landed dwellings, the transacted prices

are generally on an increasing trend as well. Neverthelessn

in a less consistent condition due to the allowance for

renovations and extensions, something common between

the landed and high-rise is that both have indicated a

drop in total units transacted in 2013.


0

50

100

150

200


0

20

10

30

40

50

| 75

SR WONG WEN CHET B. Bus (prop). mriCS, miSm, mpepS, mmippm

Sr Wong Wen Chet is the Managing Director of Oregeon Property Consultancy Sdn Bhd. He is a

Registered Valuer & Registered Estate Agent recognized by Board of Valuers, Appraisers and Estate

Agents and has been in real estate industry for more than 6 years. He is also Committee Member of

REHDA Youth under Real Estate and Housing DevelopersÕ Association Malaysia (REHDA).

SR KOK CHIN YEE B. (hons). estate management. miSm, mpepS, mmippm

Sr Kok Chin Yee is the Manager of Oregeon Property Consultancy Sdn Bhd. He is a Registered Valuer &

Registered Estate Agent recognized by Board of Valuers, Appraisers and Estate Agents. He has more than

5 years of professional real estate experience mainly in valuation of residential and commercial properties

for retail and corporate clients.

Oregeon Property Consultancy Sdn Bhd

DISCLAIMERSince the asking prices and project status various from time to time, we do not guarantee the validity of the information found here. The analysis and the article written was based on information available and was then further modifi ed and analysed by Oregeon Property Consultancy Research Team. We bear no losses or legal liability caused by the information given.

Just like many other areas in Klang Valley, where

developments are going on and on, development lands in

Shah Alam have become limited and having been noticed

by developers, it has resulted in an outcome where most

of the new developments are of high-rise properties

instead of the landed. Apparently serviced apartments

and SoHo are the most popular type of products within

developers. As supply for landed properties have

become low, the selling prices might in a way startle to

some buyers.

Amongst the noted ongoing projects in Sec 1 – 14 Shah Alam are as follows:-

proJeCt developer tYpe

Alami Residensi World Wide Holdings Berhad3 blocks of 16 to 17 storey Serviced Apartment (444 units)

Menara U2 PKNS & Kenari Sukma Sdn Bhd1 block of 30-storey commercial complex with 474 units of SoHo

arte @ Subang WestAmanlagi Property Sdn Bhd & Nusmetro Land Sdn Bhd

1 block of 17-storey office building

D'Kayangan Residences PKNS & Lebar Daun Development Sdn Bhd

Semi-detached houses, clustered houses, and terraced houses

Metia Residence Prop Park Sdn Bhd (Hua Yang Berhad) 20-storey Serviced Apartment (306 units)

Acappella Residences Equipark Sdn Bhd1 block of 21-storey Hotel Apartment (223 rooms) and 1 block of 21-storey Serviced Apartment (125 units)

Vista Alam PKNS & Tahap Warisan Sdn BhdMixed development including 576 units SoHo and 512 units of Serviced Apartment

Studio Fourteen Medinah Court17 storey commercial complex with 196 units SoHo

i-ResidenceSumurwang Development Sdn Bhd & I-City Marketing Sdn Bhd

336 units of Serviced Apartment

i-SoVoSumurwang Development Sdn Bhd & I-City Marketing Sdn Bhd

180 units SoVo and 40 units duplex SoVo

Best Western i-City Shah AlamSumurwang Development Sdn Bhd & I-City Marketing Sdn Bhd

216-room 3 star hotel

BW Service Suites I-Bhd & Best Western International2 tower blocks containing 826 units of Serviced Suites

Central Plaza @ i-City I-Bhd & CPN Global Co Ltd6-storey Shopping mall with approximately 860,000sf net lettable area

the oneoregeon.com.my/wp-content/uploads/iproperty-july-2014.pdf · 2014. 7. 18. · issue 113 |...

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