Properties in Cheras have seen a gradual rise in value over the years. With the proposed Plaza Phoenix MRT station, properties nearby are expected to increase in value. Its strategic location with easy access to major roads such as Jalan Cheras, East-West Link Expressway, MRR2 and Smart Highway help to make properties in the area very marketable. New residential property projects in Cheras include Amaya Maluri high-rise serviced apartments, Altitude 236 high-rise luxury condominiums and high-rise serviced apartments in Sunway Velocity. Average selling price of these new properties could easily exceed RM700 psf.