A bungalow in Damansara Heights was the most expensive home sold in the country last year.
The property was sold for RM16 million, this is according to iProperty.com.my.
The property portal revealed the 10 most expensive homes sold in Malaysia for 2019, based on the review period between January 2019 to December 2019 and transaction data sourced from the Valuation and Property Services Department (JPPH).
iProperty stated the median per square ft (PSF) for bungalows at Damansara Heights is RM702, based on the latest figures obtained from brickz.my.
Damansara Heights is one of the most affluent neighbourhood in the country's capital with its sprawling bungalows, villas and other luxury residences. Its immediate affluent neighbours are Bukit Kiara, Sri Hartamas, and Bukit Tunku.
Other than upper-class Malaysians, there are many expatriates living in Damansara Heights. This panoramic township is positioned high up on the hills in the midst of a quiet surrounding, just minutes away from the city centre. It is considered a very prime location and easily accessible from the city centre and Petaling Jaya.
The second most expensive property sold last year was a bungalow in Kenny Hills, Kuala Lumpur, which fetched RM12 million.
Kenny Hills in Bukit Tunku made it to the top two of the list of the most expensive homes in Malaysia for two years in a row. The neighbourhood comprising huge mansions and custom-built houses and is home to many wealthy residents, who are well known corporate figures, expatriates and foreign ambassadors.
The median PSF for bungalows at Bukit Tunku is RM677.
The third most expensive property sold is a serviced residence at St Regis in KL Sentral in Brickfields for RM9.5 million.
St Regis is one of few luxury hotel and residential development in Kuala Lumpur. The first six floors at St Regis are designated for an exclusive and luxurious six-star hotel, whereas the seventh floor upwards is private residences. The residential units here range between 766 sq ft to 4,523 sq ft while most units are semi-furnished.
The median PSF for the serviced residences is RM 2,063.
Besides the brand name and finishings, St Regis is located at KL Sentral, the public transportation hub, and that is why the property is expensive.
Lesser-known neighbourhoods that made it to the list
Two lesser-known neighbourhoods, Keramat, Kuala Lumpur and Gasing Heights, Selangor, made a surprise appearance on the list at numbers six and five respectively.
Interestingly, a bungalow in Raja Mohar Scheme in Keramat sold for RM8.1 million.
Raja Mohar Scheme is situated at Jalan Damai, Kampung Datuk Keramat. This area is made up of a mature neighbourhood with old custom-built bungalows along tree-lined roads. Each house has a spacious lawn and yard.
The location is also within the vicinity of foreign embassies and the Damai LRT station, and is accessible via AKLEH, Jalan Tun Razak and Jalan Ampang.
The median PSF for bungalows at Raja Mohar Scheme is RM431.
In Sanctuary Ridge, Gasing Heights, a bungalow sold for RM9 million.
Situated amongst lush greeneries and nature, Sanctuary Ridge houses low density and freehold luxury bungalows in an established neighbourhood situated at the Kuala Lumpur side of Bukit Gasing. Its residents are made up of mostly wealthy individuals.
The median PSF for bungalows at Sanctuary Ridge is RM573.
The up-market Pantai Hill, Bangsar, and Dutamas
A bungalow in Hartamas Heights located in Dutamas sold for RM9.5 million.
Hartamas Heights is an elite residential enclave consisting of 141 bungalow lots. The neighbourhood is within reach of popular shopping malls, Publika Shopping Gallery and Solaris Mont Kiara, as well as located near government complexes and the Kuala Lumpur Courts complex.
The median PSF for bungalows at Hartamas Heights is RM1,014.
Dutamas is a hub for international schools, hence why it is one of the most sought-after postcodes among expatriates in Kuala Lumpur. Mont Kiara International School and Garden International School are located 5km away from Hartamas Heights.
A condominium unit in Serai, Bangsar's crown jewel, sold for RM7.45 million.
Serai comprises standard residential units and penthouses with sizes ranging from 4,025 and 14,000 sq ft. High-net families like Serai as there are private lifts, a recreational podium, children’s indoor play area and lounge among others. Bangsar Shopping Centre is 850 m away.
The median PSF for condominiums at Serai is RM1,599
A condominium in One Menerung located in Bangsar also sold for RM7.45 million, making it a very expensive deal as the units are slightly smaller than Serai.
One Menerung offers five layouts of 229 residential units with sizes ranging from 3,013 to 10,291 sq ft. Residents are able to enjoy a variety of facilities such as a dance studio, BBQ pits, pavilion, a gymnasium with the latest equipment, a swimming pool, and a driver’s room.
The median PSF for condominiums at One Menerung is RM1,277.
Over in Pantai Hill, a bungalow sold for RM6 million. The median PSF for bungalows here is RM589.
Pantai Hill at Jalan Bukit Pantai is situated in the hilly neighbourhood of Taman Bukit Pantai. This mature area with custom-built bungalow houses along the road is a favourite among wealthy homebuyers. Being in a strategic location, this affluent neighborhood is only 3km away from Mid Valley Megamall and The Gardens Mall.