JB Outer City Property Price: Feb 2020

  • The median price was RM422,971.
  • Measured in price per square foot, it was RM448psf.

Annual Price Change: Feb 2019 to Feb 2020

  • JB Outer City prices declined by an average of 3.9 percent.
  • The largest decline was recorded for The Garden Residence Premier, Centra Residences, Molek Pines 4 and KSL D’Secret Garden.
  • Havona Luxury Condo and Central Park recorded the highest price increase.
  • 7 in 10 properties have less than 10 percent price movement.

6-month Price Change: Sept 2019 to Feb 2020

  • JB Outer City prices declined by an average of 3.3 percent.
  • The largest price decline was recorded for KSL Residence Daya, The Garden Residence Premier and KSL D’Secret Garden.
  • The largest price increase was recorded for The Platino and Havona Luxury Condo.

Top and Bottom 3 Prices

  • The costliest properties were Molek Pine 4, Molek Pine 3 and Havona Luxury Condo at above RM650,000.
  • The least costly properties were The Garden Residence, Centra Residence and Pandan Residence 1 at below RM280,000
  • Properties with the highest psf were Havona Luxury Condo, The Platino and Molek Regency at above RM605psf
  • Properties with the lowest psf were Pandan Residence 1, Palazio and The Garden Residence Premier. at below RM325psf

Commentary

  • JB Outer City has the largest census listing that covers a wide area – Setia Tropika, Taman Molek, Austin, Tampoi and Pandan. Apart from Taman Molek, a high proportion of properties are in the RM450psf range.
  • Havona Luxury Condo elevated resale price compared to surrounding properties as handover occurred during this period. The Platino had an upward price movement supported by its proximity to Paradigm Mall.
  • JB Outer City has among the most affordable properties that can be had for around RM300,000 level. They are mainly in Austin suburb – Manhattan Austin, ARC Luxury Residences and Austin Regency.
  • For a run-down of the main suburbs, go to JB Outer City location HOTSPOT for detailed review.

We are constantly updating this area’s DEMAND and SUPPLY, location review in HOTSPOT and future PRICES in our FORECAST section.