•   Today, we continue our focus on Brickfields by looking at


development prices on a per square foot (psf) basis. Based on


transactions analysed by theedgeproperty.com, the average price psf of


non-landed properties was RM762 psf in 3Q2014. 

•   In the 12 months to 3Q2014, about 33% of transactions were for


properties in the RM401-RM600 psf range, followed by 19.3% for the


RM801-RM1,000 psf range. The large spread between these two price


brackets reflects the different market segments available.

•   There is a large premium for developments located within KL


Sentral, with a premium of at least 40%-50%. Location, immediate


surroundings, building age and maintenance are some of the key


determinants of value for projects outside KL Sentral.

•   The most expensive developments are Suasana Sentral Loft (RM1,006


psf) and Suasana Sentral Condominium (RM989 psf), both within KL


Sentral. This was followed by Dua Sentral (RM964 psf), a hotel suites


project; Residency Mutiara (RM684 psf) and 633 Residency (RM666 psf).

•   At the other end, the least expensive developments are Crescent


Court (RM341 psf), Menara Puteri (RM352 psf) and Menara Pelangi (RM473


psf). These are older projects located further away from KL Sentral. 

The Analytics are based on the data available at the date of


publication and may be subject to further revision as and when more data


is made available to us.