The Hermington Kuchai Lama

The Hermington Kuchai Lama in Kuala Lumpur, Kuala Lumpur recorded 3 subsale transactions in 2021, with a median price of RM 548K and a median price per square foot (PSF) of RM 502.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 548K, with most transactions falling within a stable range of RM 540K to RM 568K, and a typical market range of RM 540K to RM 566K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 502, with most transactions between RM 456 and RM 549. The usual range is RM 488.33 to RM 516.33, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 28.00 and an average deviation (MAD) of RM 47 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.