Based on 736694 units sold preceding 12 mths.
Compound annual growth rate in median price.
Kuala Lumpur derive its name from “muddy estuary” and had grown from a small mining town to an internationally renowned global city that it is today. Kuala Lumpur or popularly known as KL, is the capital and the largest city in Malaysia. Kuala Lumpur is a modern city mostly known for Petronas Twin Towers, is one of the three Federal Territories of Malaysia and the oldest of the three having been established on 1st February 1972.
As the capital of Malaysia, it is the country’s financial, cultural and economic hub, offering abundant housing, jobs, investments and business opportunities for both locals and foreigners alike. Kuala Lumpur is home to many international communities, embassies as well as multi-national companies (MNCs).
Far from its heydays, the Kuala Lumpur of today is well-connected by major highways such as North-South Expressway (NSE), Damansara-Klang Valley Expressway (Duke), Kesas Highway connecting to and from neighbouring states, whilst Kuala Lumpur International Airport is the gateway to the region and beyond. Travelling in Kuala Lumpur is a breeze as it has a comprehensive public transportation system connecting various part of the city with the monorail, commuter, light rail and mass rapid transits, buses and taxis. KL Sentral station is the city’s main transportation hub.
Kuala Lumpur had seen rapid developments in recent years and the world-famous Petronas Twin Towers, is the testament of this development. The Petronas Twin Towers houses many offices of MNCs mainly from the energy sector, a high-fashion shopping mall and it is adjacent to 5-star Mandarin Oriental and Grand Hyatt Hotel and the Kuala Lumpur Convention Centre, the city’s foremost venue for international events and conferences.
As a modern city, Kuala Lumpur offers a host of world-class facilities and amenities such as schools, infrastructure, shopping malls and services among others. Kuala Lumpur prides itself as one of the leading cities in the world for shopping and tourism and is home to three of the world’s 10 largest shopping malls. Popular malls to include Suria KLCC, Mid Valley Megamall, One Utama and Pavillion Kuala Lumpur, which houses an array of international brands, eateries, entertainment and services options.
Some of the supermarkets available here for daily essentials are Giant, Tesco and AEON whilst Village Grocer, Jaya Grocer, Cold Storage and Ben’s Independent Grocers are stocks a more comprehensive selection of international produce and goods. In addition to that, there are many age-old wet markets where the freshest produce can be found such as the Pudu Market which is KL’s oldest market, Sentul Market, Chow Kit Market and TTDI market. Other than that, there are also a sizeable number of Pasar Malams (night market) and Pasar Tani (Farmers’ Market) mostly operating near housing estates selling a variety of items from food to knick-knacks.
Education forms an important business activity for the country and there are plenty of educational institutions available, be in public or private, such as the prestigious Victoria Institute, St John’s Institution, Convent Bukit Nenas and a handful of international schools such as Garden International, Alice Smith School, Australian International School and many more. There are also plenty of options as far as higher education is concerned with Universiti of Malaya (UM), the country’s oldest university taking the lead. Other institution of higher leading include International Islamic University (IIU), HELP University, USCI University College and Universiti Tunku Abdul Rahman (UTAR), to name a few.
Additionally, Kuala Lumpur city also offers world-class medical facilities through its many private specialist centres like the National Heart Institute (IJN), Prince Court Medical Centre, KPJ, Sunway Medical Centre are some of the prominent ones. The Kuala Lumpur General Hospital is a public hospital whilst the University Malaya Medical Centre (UMMC) is a university hospital.
Kuala Lumpur is surrounded by abundant nature and recreational parks such as The Lake Gardens, a 92-hectare botanical garden, KL’s first recreational park is a great place for relaxation. Within the lake gardens you’d also find the Butterfly Park, Deer Park, Orchid Garden, Hibicus Garden and the KL Bird Park, which is the world’s largest aviary bird park. Other popular parks in the city include KLCC Park, Titiwangsa Lake Gardens, Bukit Kiara Park and Forest Research Institute of Malaysia (FRIM) are worth visiting. There is no need to travel out of the city to experience nature as right in the city you’d find the country’s oldest gazetted forest reserve, the 26 acres Bukit Nanas Forest Reserve, a stone’s throw from the famed Petronas Twin Towers.
Kuala Lumpur city is a melting pot of diverse culture, hence, a variety of international cuisine can be found in here, from local street food to Michellin starred restaurants. Some of the local favourites are nasi lemak, satay, char kuay teow and roti canai. The city also have a vibrant nightlife and entertainment scene.
Properties in Kuala Lumpur are mostly freehold. Generally, the median price per sft for city centre areas ie KLCC, Golden Triange/CBD vicinity is around RM 420 to RM 1300 per sft, between March 2019-January 2020. Most developments available around the area are high end, exclusive and luxury ones and properties in this area are highly sought after by both investors and home-buyer for its exclusive address. Amongst them at The Robertson, Pavillion Suites, Four Seasons Place, The Ritz Carlton Residences Kuala Lumpur and The Ruma KLCC. Meanwhile, other newly launched properties within vicinity include Agile Embassy Garden, Oxley Towers and Chambers Kuala Lumpur.
Buying, selling, or investing property is a very big decision. Even moving to your desired location can sometimes be very emotional. Using data from more than 0 listings in Kuala Lumpur, PropertyGuru aim to help you make the right decisions on selecting property, by providing you helpful news and property statistics such as median and growth in the area, but also our opinion on local neighborhood area.Read More
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