iProperty Reveals 8 High-Rise Properties With The Highest Y-O-Y Capital Growth In 2020

iProperty.com.my has revealed eight high-rise residential properties in Malaysia with the highest year-on-year capital growth in 2020. The list comprises condominiums and serviced residences and the findings are based on the latest transaction data from brickz.my.

To highlight how well each property fared relative to its area’s overall performance, the median capital appreciation of all the condominiums and serviced residences in that specific location are also provided. The properties are ranked in descending order and the capital growth is displayed in terms of percentages (%).

  1. Residensi 22, Mont Kiara, Kuala Lumpur
    Capital Growth: 7.28%

2020 Median PSF: RM914.03
2019 Median PSF: RM859.70
Number of transactions: 11
Mont Kiara’s Capital Growth: -7.82%
(2020 Median PSF: RM625)

Residensi 22 is a high-end condominium located in Mont Kiara, an area with a high population of expatriates in Kuala Lumpur. Completed in 2018, the strata residential building is fairly new and boasts a low-density setting. Four towers housing 543 units with sizes ranging from 1,900 sq ft to 3,043 sq ft are spread out across 6.66 acres of land.

Besides the standard swimming pool and gym, Residensi 22 provides premium facilities including a dining pavilion, sculpture garden, relaxation lounge, sunbathing deck, 50-metre lap pool, and a meditation lawn. In addition, the condominium provides good security and facilities maintenance.

The condominium is easily accessible with two entry and exit points via Jalan Kiara 3 and Jalan Kiara 4. It is also within walking distance to various amenities including the Garden International School, Mont Kiara International School, Arcoris Mont Kiara, and Plaza Mont Kiara. Other nearby hotspots include 1 Mont Kiara Mall, GDM Specialist Centre, and Kiara Medical Centre.

  1. Seringin Residences, Old Klang Road, Kuala Lumpur
    Capital Growth: 5.70%

2020 Median PSF: RM610.90
2019 Median PSF: RM577.99
Number of transactions: 15
Old Klang Road’s Capital Growth: -4.56%
(2020 Median PSF: RM395)

Seringin Residences is a freehold condominium located in Happy Garden, and just off Old Klang Road, consisting of 542 housing units within two 24-storey residential towers. Completed in 2013, it offers built-up sizes ranging from 1,707 sq ft – 6,760 sq ft targeted to wealthier urbanites and families. The condominium features an extensive array of facilities including a 50-metre pool, floating gym, lifestyle pavilion and a 1km bicycle track.

The condominium also provides eco-friendly facilities for its residents with the adjoining Sustainable Application of Green Energy (SAGE) building as the main highlight. It is a green recreational centre housing a function room, a herb garden and an eco-discovery centre with lounge areas, a library with a study room, as well as various eco-attractions such as picnic grounds, ponds and composting grounds. In addition, solar panels are installed on top of the S.A.G.E building, of which the harnessed power provides an estimated 50% of utility usage for the residence.

In terms of surrounding amenities, Seringin Residences is located within 2 km from commercial areas, Kuchai Business Park and Kuchai Entrepreneurs Park, where a wide selection of restaurants and local eateries, saloons, clinics, mini markets, and boutiques are located. Other nearby amenities include Assunta Hospital, SJK (C) La Salle, and NSK Hypermarket.

  1. Mutiara Condominium, Bukit Mertajam, Penang
    Capital Growth: 5.49%

2020 Median PSF: RM257.14
2019 Median PSF: RM243.76
Number of transactions: 26
Bukit Mertajam’s Capital Growth: 2.72%
(2020 Median PSF: RM264)

Mutiara Condominium is a low-cost condominium located in Bandar Baru Perda, Bukit Mertajam, Penang. It is a freehold property that offers 24-hours security, a swimming pool and a clubhouse. Although the units are smaller than average, 700 or 800 sq ft units with three bedrooms, the condominium is located on a generous plot of land, covering 3.26 acres.

Mutiara Condominium’s appeal lies in its low price points, purchasers are able to own a three bedroom unit for as low as RM165,000. In addition, numerous affordable eateries, mini-marts and banks are within a few minutes’ drive, providing convenience to its residents. Amenities located within a 10 km radius include Mydin Mall Bukit Mertajam, Auto-City, Sunway Carnival Mall, KPJ Penang Specialist Hospital and SK and SMK Bandar Baru Perda. In addition, the Penang Bridge is 10 minutes away for quick access to the Penang island.

  1. Villa Wangsamas Condominium, Wangsa Maju, Kuala Lumpur
    Capital Growth: 4.57%

2020 Median PSF: RM370.52
2019 Median PSF: RM354.33
Number of transactions: 20
Wangsa Maju’s Capital Growth: 4.18%
(2020 Median PSF: RM399)

Villa Wangsamas is a high-density condominium consisting of 1,300 units across nine residential towers. It offers 3 types of built-up – a standard sized unit at 1,267 sq ft (3+1 bedrooms), 1,834 sq ft (4+1 bedrooms) and 2,562 sq ft (5+1 bedrooms). Completed in 2010, the condominium features 24-hours security, a swimming pool, cafeteria, gymnasium, playground, jogging track, squash court and a business centre. Although the condominium is quite concentrated, Villa Wangsamas is surrounded by greenery as it is built on elevated land.

In terms of connectivity, Villa Wangsamas is located 850 metres away from the Sri Rampai LRT station and is serviced by Jalan Jelatek and highways such as DUKE, MRR2, and AKLEH. Various shopping malls are located within 10 minutes including Aeon Big Wangsa Maju, Wangsa Walk, Setapak Central Mall and Melawati Mall.

  1. The Z Residence, Bukit Jalil, Kuala Lumpur
    Capital Growth: 2.81%

2020 Median PSF: RM502.42
2019 Median PSF: RM488.69
Number of transactions: 17
Bukit Jalil’s Capital Growth: -9.46%
(2020 Median PSF: RM450)

Z Residence is a freehold condominium consisting of 1,136 units across four residential blocks completed in 2014. Located in a strategic area that is Bukit Jalil, Kuala Lumpur, the condominium offers generous-sized units including a 1,236 sq ft unit with three bedrooms from as low as RM590,000 whereas the asking rent for the same partially-furnished unit is RM1,500.

Z Residence provides a comprehensive list of facilities for its residents with a commitment to green living — 50% of the condominium is dedicated to greenery with trees and lush landscaping. Besides a swimming pool and gymnasium, residents have access to a sky lounge, reflexology path, Tai Chi lawn, sauna, BBQ pit, gazebo, kindergarten, launderette, and mini market.

In terms of connectivity, Z Residence can be easily accessed via the network of highways servicing Bukit Jalil including KESAS, LDP, MEX, NPE and Old Klang Road. Amenities located less than 10 minutes away include Pavilion Bukit Jalil, Bukit Jalil Recreation Park, International Medical University (IMU) and Tzu Chi International School.

  1. OUG Parklane, Old Klang Road, Kuala Lumpur
    Capital Growth: 2.70%

2020 Median PSF: RM400.00
2019 Median PSF: RM389.47
Number of transactions: 37
Old Klang Road’s Capital Growth: 5.63%
(2020 Median PSF: RM507)

Similar to the Z Residence, OUG Parklane is another high-density development with fair prices, a 950 sq ft unit with three bedrooms ranges from RM310,000 to RM400,000. Strategically located in Old Klang Road, the serviced apartment offers 4,225 units across 11 blocks and 204 commercial units located on the ground floor of each block.

Due to its massive scale and the variety of retail units available including eateries, launderettes, 24-hours clinics and minimarts, OUG Parklane can be considered a mini township of its own. Facilities at the development are standard with a swimming pool, wading pool, children playground and landscaped garden.

In addition, popular suburbs and business centres such as Kuchai Entrepreneurs Park, Sri Petaling, Bukit Jalil, Mid Valley City and Bandar Sunway are within 15 minutes away. Traffic can be a problem in the area but OUG Parklane is well connected as Jalan Puchong directly links to the Shah Alam Expressway, connecting residents to the NPE and MRR2.

  1. Mutiara Ville Serviced Residences , Cyberjaya, Selangor
    Capital Growth: 1.64%

2020 Median PSF: RM477.44
2019 Median PSF: RM469.74
Number of transactions: 17
Cyberjaya’s Capital Growth: -7.17%
(2020 Median PSF: RM488)

Mutiara Ville is a mixed development comprising seven residential towers, a business centre and a 4-storey retail complex, Gem In Mall. It offers 500 sq ft studio units, 1,000 or 1,100 sq ft units with three bedrooms and 1,280 sq ft units with four bedrooms. Completed in 2017, its facilities include a cafeteria, mini market, gym, swimming pool, jogging track, squash court, sky lounge, nursery, and playground. The condominium’s main highlight is its strategic location nearby various hotspots in Cyberjaya including Cyberjaya Lake Garden, DPulze Mall and Shaftsbury Square.

In addition, Mutiara Ville is located in Cyberjaya’s educational hub – Cyberjaya University of Medical Sciences (CUCMS) is located nearby with a free shuttle service while Multimedia University (MMU), Kirkby College, University of Cyberjaya and LimKokWing University are all within a 7km radius. This would make Mutiara Ville a top choice for student accommodation, making it an attractive option for property investors.

  1. Westside Three, Desa ParkCity, Kuala Lumpur
    Capital Growth: 1.07%

2020 Median PSF: RM881.52
2019 Median PSF: RM872.18
Number of transactions: 13
Desa ParkCity’s Capital Growth: 1.41%
(2020 Median PSF: RM862)

Completed in 2019, Westside 3 is the latest development in the popular Desa ParkCity condominium series. Located right next to Westside 2, the 47-storey high-end freehold condominium consists of 469 units with built-up sizes ranging from 1,077 sq ft to 1,927 sq ft. Each unit comes with high quality interiors and fully-furnished kitchens. For added security, each unit at Westside 3 is connected directly to the guardhouse via an intercom.

The facilities are spread out across two levels with some of them include a sun deck, tennis court, jogging track, jet pool, jacuzzi and barbeque area. There are a few child-friendly facilities including a water amusement park, adventure playground, kids’ fun zone, and a secret garden.

Desa ParkCity is an upscale self-contained suburb in Kuala Lumpur that is popular with families and couples in the higher income bracket. It has several landscaped parks, a neighbourhood mall, an international school, its own medical centre, a state of the art clubhouse, community centre and a business centre, Plaza Arkadia.

Shylendra Nathan, General Manager of iProperty.com Malaysia Sdn Bhd, said, “As a reputable proptech company in Malaysia, iProperty.com.my has the data that allow us to determine key local property market trends and provide up-to-date market insights. Based on current market sentiments, we want to make sure that these data-driven findings are made available so that it benefits property investors and homebuyers, be it for the investment purposes or own stay. The capital growth data on these selected properties should give homebuyers the investment insights into the high-rise residential property market and make the right purchasing decision.”

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