Bangsar, Penang listed most expensive

One Menerung unit in Bangsar.

By NST Property - March 15, 2018 @ 10:39am

BANGSAR and Penang topped the list of 10 most expensive local residential properties sold last year.

The list was based on the Valuation and Property Services Department (JPPH) sales data and compiled by iProperty.com’s big data solutions division, iPropertyIQ.com.

The data from JPPH officially records a property transaction once the stamp duty for the Sales and Purchase Agreement is paid.

Serai Bukit Bandaraya in Bangsar. PiX from BRDB website

Penang sold the most expensive home last year — a bungalow at Jalan Utama, an upper-middle class suburb in Pulau Tikus — for RM14.5 million.

The buyer could have been an expatriate as Pulau Tikus is home to China, Indonesia and Thailand consulates, according to market talk.

iProperty.com said the median per square foot (median psf) price for bungalows in Pulau Tikus is RM570.

Another bungalow at Jalan Bunga Hinai in Tanjung Tokong was among two luxury properties sold for RM13.6 million. The median psf price for bungalows in Tanjung Tokong is RM8,542.

Meanwhile, a Casa Permai bungalow in Tanjung Tokong fetched a RM9 million price tag. Notable landmarks include Straits Quay, Island Plaza, and Tanjung Tokong Tua Pek Kong Temple.

The median psf price for bungalows in this area is RM854, said iProperty.com.

Bangsar area

The three most expensive properties in Bangsar were sold last year for between RM10 million and RM12.1 million are:

1) Condominium at Serai Bukit Bandaraya for RM12.1 million.

The Enclave bungalow.

Located in Jalan Medang Serai, Bangsar, Serai Bukit Bandaraya is a 21-storey condominium housing 121 units with a breathtaking view of the neighbourhood. The median psf price for condominiums in Bangsar is RM815.

2) The Enclave bungalow for RM12 million.

The Enclave is an upmarket residential area designed for maximum privacy and is located about 4km from the city centre. The median psf price for bungalows in Bangsar is RM588.

3) One Menerung Town House for RM10 million.

One Menerung is a luxury development sprawling across 3.24ha and consists of townhouses and condominiums in Bangsar. The median psf price for townhouses in Bangsar is RM759.

Cheras area

Cheras, located to the south-east of Kuala Lumpur, saw a bungalow in Masera Bukit Segar sold for RM9.8 million last year.

Hotspots include Cheras Leisure Mall, Cheras Sentral Shopping Mall, Viva Home, and Ikea.

The median psf price for bungalows in Cheras is RM221, said iProperty.com.

Kenny Hill, Damansara Heights & KLCC areas

A bungalow in Bukit Tunku was the most expensive deal for RM12.6 million last year.

iProperty.com said the median psf price for bungalows in the area is RM422.

Meanwhile, Bukit Damansara had a bungalow sold for RM12 million last year.

iProperty.com said the median psf price for bungalows in Damansara Heights is RM652.

The Binjai On The Park at KLCC saw a unit selling for RM9.9 million with median psf price for condominiums at RM6,753.