KUALA LUMPUR (March 23): In this week's issue, we take a look at Kajang and how it has evolved over the years. Over the past five years, transaction data of residential properties in the Kajang town centre has shown fairly stable growth, compared with areas nearer to the Kuala Lumpur city centre, thanks to affordable property prices, coupled with excellent connectivity and well-established infrastructure and amenities.

Take Taman Bukit Mewah, for example. Double-storey terraced houses there with a typical land area of 1,400 sq ft grew 7.7% in value to RM321 psf in 2024 as compared to RM298 psf in 2021, while single-storey terraced houses recorded an increase of 8.9% to RM291 psf, compared with RM267 psf in 2020, according to data by JPPH and PA International Property Consultants Sdn Bhd.

Current asking prices for double-storey terraced houses in Taman Bukit Mewah range from RM480,000 to RM640,000, while single-storey terraced houses are priced between RM410,000 and RM430,000.

In the same issue, we speak to Scott Wiley, the new CEO of CoreNet Global, a US-based non-profit association for corporate real estate professionals. He shares about his plan and aim to bring a fresh perspective by driving digital transformation and growth.

Presenting The Edge Malaysia | Savills Klang Valley Residential Property Monitor 4Q2024, Savills Malaysia director of research and consultancy Fong Kean Hwa highlights that mixed trends were observed during the quarter under review, with Kuala Lumpur seeing a greater improvement in transaction volume and value compared with Selangor.

We also have a story about Yellow House Kuala Lumpur, where the premises of the not-for-profit grass-roots community organisation has been given a total makeover, featuring the elaborate use of bamboo in its façade and roof.

Our Singaporean counterpart features global asset manager and operator Keppel’s plan to focus on other brownfield redevelopment projects, following the completion of Keppel South Central in Singapore.

Read all about it in the March 24 issue of The Edge Malaysia weekly.

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