Median rental price growth reflects rental market recovery, says iProperty

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KUALA LUMPUR, Sept 25 — High-rise properties in established and emerging urban areas had achieved favourable median rental price increase, with the top high-rise residential...

KUALA LUMPUR, Sept 25 — High-rise properties in established and emerging urban areas had achieved favourable median rental price increase, with the top high-rise residential properties in Kuala Lumpur and Selangor registering the highest median rental price growth in the first half of this year .

iProperty data offers a clearer picture of rental price movement by identifying high-rise properties within three different price tiers -- below RM1,500; RM1,500 to RM2,500; and above RM2,500 -- offering greater insights into various types of rental investment options that are performing well in the current climate.

It said that selected high-rise properties in Bukit Jalil and Kuchai Lama have also emerged as winners, registering between 9.1 per cent and 7.8 per cent in median rental price growth, bolstered by their convenient accessibility via several major highways. Taragon Puteri Bintang in Kuala Lumpur saw its median rental price grow by 33.3 per cent in 1H 2022, while Setapak offers more affordable high-rise options with upgraded lifestyle facilities and convenient access to the city centre, it said.

Meanwhile, the reopening of international borders has attracted the expatriate community back to Malaysia’s property market, especially the premium and exclusive top properties .

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