Condo homes on the rise in KL

The Star, September 7, 2012

An analysis of residential property developed in Kuala Lumpur between 2004 and 2012, indicates that some 43% or 55,631 of the total 128,271 residential units were condominium homes.

According to a report by Oriental Realty in collaboration with Zeppelin Real Estate Analysis Ltd, the nine-year period in question stretches from the first quarter of 2004 to the first quarter of this year.

“When we mean Kuala Lumpur,” explains Jastin Lee, head of project marketing at Oriental Realty, “it strictly refers to Kuala Lumpur itself, excluding Selangor which is part of the Klang Valley.”

Lee is clarifying the comparatively small figure of 128,271 units when viewed against an almost decade-long period of residential property development in “KL”.

“Most developments you see,” adds Lee, “are perhaps outer KL or on the outskirts of KL which include Puchong, Seri Kembangan, Serdang, Cyberjaya, Bangi, Sungai Long, Subang, Petaling Jaya, Bandar Utama and so on.”

The report cites that the Batu district recorded the highest number of such homes built during the period, at 37,349 units or 29% of the total figure.

The report states that simple quantitative methods were employed to review, ascertain and/or analyse, where feasible, the market performance and probable trends using available data sourced from www.jpph.gov.my.

The scope is confined to Kuala Lumpur Residential property, categorised under house types and sub-house types that include:

  • Terraced – single, two- or three-storey
  • Semi-Detached – single, two- or three-storey
  • Detached
  • Townhouse
  • Flat
  • Serviced Apartment
  • Condominium
  • Low-cost flat

The data is also divided and based on geographical districts within the Federal Territory of Kuala Lumpur. The method of calculation is based on changes in the number and percentage from both geographical district and house type perspectives.

Results are reflected in the following tables and charts:

1) First, the distribution of residential units by house typeamong the districts of Kuala Lumpur, as of 1Q 2012:

2) Second, the distribution, as above, but in 1Q 2003 [note: there was no SOHO house type]

3) The percentages of 1Q 2003 divided by 1Q 2012

A 100% indicates no change, a percentage higher than 100% means a gain in the number of units, and a percentage lower than 100% implies a decrease in the number of units for any particular district and house type. 0% means ‘not applicable’ data.

4) Subtracting the 1Q 2003 figures from the 1Q 2012 figures to find the numeric difference between each district and house type combination.

A positive figure mean a net gain of units, while a negative figure means a decrease. Zero means no change.

Do note that in the above tables we have also shown the percentages of each district or house type of the total property stock or increases.

As to which district and house type has the most units, or the most gain, and the like, please, refer to the charts below:

A1) Nowadays = 1Q 2012 residential stock by district

A2) In the past = 1Q 2003 residential stock by district

B1) Nowadays = 1Q 2012 residential stock by house type

B2) In the past = 1Q 2003 residential stock by house type

C1) Stock changes between 1Q 2003 and 1Q 2012 represented by a change in percent (%) and district

C2) Stock changes between 1Q 2003 and 1Q 2012 represented by a change in percent (%) and house type

D1) Stock changes between 1Q 2003 and 1Q 2012 represented by the number of units and district

D2) Stock changes between 1Q 2003 and 1Q 2012 represented by the number of units and house type

Top categories

In summary, the following table shows the top three in each category:

Assuming that all other attributes remain the same, and purely as a “guesstimate” and based on the above numbers, one may wish to opt for districts and/or house types which have not seen an abundant increase in supply.

* This report is for general reference only and is not meant to substitute professional advice and/or due diligence by real estate consultants. The Oriental Realty group collaborates with Zeppelin Real Estate Analysis Ltd (www.Real-Estate-Tech.com and http://zeppelin.net.cn/.) in analysing real estate markets and projects, as part of professional services. For details, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.