In the undulating landscape of Malaysia's capital, one neighbourhood has always stood out for its exclusivity: Damansara Heights.

Long regarded as one of Kuala Lumpur’s most prestigious addresses, this enclave is experiencing a remarkable surge in demand, further solidifying its position at the pinnacle of the city's real estate market.

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Irene Leow, associate director at Knight Frank Property Hub, offers a compelling update on the area’s evolving dynamics. “The allure of Damansara Heights has reached new heights, particularly in the landed property sector,” Leow reveals. “Houses with gardens and pools are in exceptionally high demand, yet the market faces a significant supply shortage.”

Leow explains that this scarcity is partly due to a shift in ownership patterns. “We’re seeing more purchasers becoming homeowners rather than investors, which has tightened the rental market considerably.”

The luxury condominium sector in Damansara Heights is equally constrained. “There’s a very limited supply of newer, large luxury condominiums,” Leow notes, citing Aira Residences as a prime example of the calibre of properties in high demand.

The neighbourhood’s appeal extends beyond affluent local buyers. “We’ve observed a marked increase in interest from both new and existing expatriates, as well as wealthy locals,” Leow states. This surge in demand has had a tangible impact on the rental market, with prices climbing approximately 10 per cent over the past year.

Despite these increases, discerning tenants maintain high standards. “Well-maintained units and developments remain the top priority for renters in this market,” Leow emphasises.

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On the sales front, Damansara Heights continues to defy broader market trends. “While we’ve seen a decrease in transaction volume, the median price of residential properties has increased by about 10 per cent,” Leow reports. She points to successful new developments like Aira Residences, The Cedar, and The Peak as evidence of the area's enduring appeal.

Interestingly, the market clearly prefers spacious living. “New launches are primarily luxury condominiums, often featuring units of around 3,000 sq ft,” Leow observes. “We’ve noticed that larger, family-sized units are outperforming one—to two-bedroom options in terms of take-up rates, with families with children being the primary buyers.”

As Damansara Heights continues to evolve, with its blend of expansive homes, cutting-edge condominiums, and an atmosphere of exclusivity, this neighbourhood not only maintains its status as one of the city’s most expensive areas but seems poised to set new benchmarks in high-end urban living.

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At the edge of Kuala Lumpur’s high rises, Bukit Tunku has earned its moniker as the “Beverly Hills of Kuala Lumpur.” This exclusive enclave, known for its lush landscapes and opulent residences, continues to reign as one of the city’s most coveted and expensive neighbourhoods.

KS Kunnam, head of sales residential at Knight Frank Property Hub, offers fresh insights into the evolving dynamics of this prestigious address: “Bukit Tunku’s allure lies not just in its proximity to the city centre but in its ability to offer a serene retreat from urban chaos.” 

The neighbourhood’s real estate market reflects its elite status. “Luxury bungalows in Bukit Tunku can command anywhere from RM 5 million to over RM 20 million,” Kunnam reveals. “Even high-end condominiums start at around RM 1.5 million and can exceed RM 4 million.”

Perhaps the most telling aspect of the area’s exclusivity is the price of vacant land. “It’s not uncommon to see prices exceeding RM 1,000 per sq ft for undeveloped plots,” Kunnam notes, underlining the premium placed on Bukit Tunku’s limited real estate.

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The rental market in Bukit Tunku tells an equally compelling story of luxury and demand. “Non-landed properties, such as 3-bedroom units, typically rent for around RM 6,500 per month,” Kunnam states. “For those seeking more space, 4-bedroom units start at about RM 8,500.”

But it’s the landed properties that truly showcase Bukit Tunku’s position at the pinnacle of Kuala Lumpur’s rental market. “Bungalows can command anywhere from RM 8,000 to an astonishing RM 40,000 a month,” Kunnam reveals. “This range reflects the diverse array of luxury properties available, from merely impressive to truly extraordinary.”

The rental market, too, shows signs of growth. “Rental rates have seen a moderate increase, driven by consistent demand and limited supply,” Kunnam explains. He attributes this partly to the area’s appeal to expatriates and professionals working in Kuala Lumpur who value the neighbourhood’s serene and exclusive environment.

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Despite its established status, Bukit Tunku’s market remains dynamic. “We’re seeing steady demand from high-net-worth individuals and expatriates,” Kunnam observes. “While sales transactions are moderate, they typically involve buyers looking for long-term investment or personal use, rather than speculative purchases.”

Looking ahead, Kunnam sees continued strength in Bukit Tunku’s real estate market. “The area’s reputation as an elite, green, and tranquil residential enclave continues to attract high-end buyers and renters,” he notes. “Coupled with Kuala Lumpur’s ongoing infrastructure improvements and economic stability, Bukit Tunku presents a compelling opportunity for long-term investments.”

As Kuala Lumpur continues to evolve as a global city, Bukit Tunku still represents the epitome of luxury living, offering a unique blend of urban convenience and natural tranquillity. In this verdant haven, the city’s elite find not just homes but a lifestyle that sets the standard for luxury in Malaysia’s vibrant capital.

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Strategically located between Kuala Lumpur and Petaling Jaya, Bangsar has long been known as one of Kuala Lumpur’s most coveted addresses.

Now, according to industry experts, this trendy enclave is experiencing an unprecedented surge in demand, further cementing its status as a premier residential hotspot.

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Leow offers fresh insights into Bangsar’s evolving real estate landscape. “The rental market in Bangsar has seen a significant uptick, with demand for larger units, particularly those with four bedrooms, reaching new heights,” Leow explains.

This surge in popularity comes with its own set of challenges. “We’re facing a scarcity of available properties, especially in newer condominiums that offer top-notch maintenance, security, and amenities,” Leow notes. She attributes this shortage partly to an increase in owner-occupancy rates compared to previous years.

The neighbourhood’s allure isn’t limited to local residents. Leow points out a notable influx of expatriates, both new arrivals and long-term residents, further intensifying the competition for prime properties.

As a result of these market forces, Bangsar has witnessed substantial rental price increases. “We’ve seen adjustments in the range of 10 per cent to 20 per cent as the market recalibrates post-COVID,” Leow reveals. She cites the example of One Menerung, a prestigious condominium where three-bedroom units now command monthly rents between RM10,000 and RM15,000, up from RM8,000 to RM12,000 in the immediate post-pandemic period.

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The sales market in Bangsar is equally robust, with a particular emphasis on family-sized units. “There’s a healthy appetite for new developments in Bangsar and neighbouring Damansara Heights,” Leow observes.

However, she notes a shift in recent launches towards smaller units, typically offering one to two bedrooms. The exception is Bangsar Hill Park, which caters to the demand for larger living spaces with units ranging from 1,300 to 1,400 sq feet.

As Bangsar continues to evolve, it remains a testament to Kuala Lumpur’s dynamic property market. With its blend of luxurious living, strategic location, and vibrant lifestyle offerings, this neighbourhood shows no signs of relinquishing its crown as one of the city’s most desirable—and expensive—residential enclaves.

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