Page 26 - Surveyor51.3 WEB

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The Malaysian Surveyor

Table 8: Average monthly house rentals in KL according to house type as at H1 201

House Type Area

KL Centrala KL Northb KL Southc

Single storey terraced RM1,850 RM1,350 RM1,600

Double storey terraced RM2,700 RM1,550 RM1,000

Single storey semi-detached N/A RM2,000 N/A

Double storey semi-detached N/A RM4,800 N/A

Townhouse RM2,400 N/A N/A

Low-cost flat RM550 RM600 RM600

Apartment RM1,400 RM1,300 RM1,000

Condominium (conventional) RM2,450 RM2,300 RM1,550

Notes:
1. a - Section 1 - 100, Mukim Kuala Lumpur & Mukim Ampang
b - Mukim Batu, Mukim Setapak, & Mukim Ulu Klang
c - Mukim Petaling & Mukim Cheras
2. Figures were computed by averaging JPPH’s list of rents according to type and mukim. Final figures were rounded up to the nearest RM50 rather than
RM10 or RM100. Outliers were removed to prevent distortion to the final figure e.g. for double storey terraced in Mukim Kuala Lumpur, Taman Midah
recorded RM1,000 whilst the remainder recorded RM2,500 to RM2,800. Taman Midah was considered an outlier and was removed from the computation.

The affordable prices for JPPH’s categorisation in the annual Townhouse rental was around
respondents ranged from House Price Index report. The data RM2,400 per month. Low-cost flats
RM132,000 to RM396,000. This for strata housing rental were far could be rented from RM550 to
would suggest that it is highly likely more numerous than those of landed RM600 per month, which was the
for the current Gen Y to only be able housing; for instance, condominium least expensive type of housing
to purchase high-rise residential rental data involved 107 schemes to rent. In contrast, the monthly
units within KL. Bearing in mind compared to terraced housing rental for apartments ranged
the current high-rise housing rentals from 16 schemes. from RM1,000 to RM1,400 and
management system, this would conventional condominium from
mean that extra housing expenditure The examination of affordable RM1,550 to RM2,450. The analysis
would be incurred in terms of rental was carried out in two stages. of the affordable rental housing
monthly maintenance charges. Firstly, rental figures according to summarised in Figure 1 yields
house type and location in KL were interesting results. Generally, it was
ii. Affordability to rent within KL determined from JPPH’s First Half observed that low-cost flats in all KL
Property Market Report 2015 as the areas were the most affordable for
The rental affordability examination baseline (Table 8). Selected names of all respondents to rent. Other than
is more detailed than the above the housing schemes that were used low-cost flats, it is found that only
discussion on affordability to in Table 8 are provided in Appendix two other respondent categories
purchase. This is due to the A. Next, the results were compared could afford to rent within KL. Firstly,
confirmed housing pathway of the against the affordability levels of Senior young starters with high
respondents i.e. renting-renting. respondents to reveal the type and affordability level (RM1,800) are
The aim of this examination is to location of houses that they could found to be able to afford renting
identify the type of house together afford to rent in KL. The second terraced houses in KL North and
with the area of KL that respondents stage involved the construction of a KL South and apartment units in all
could afford to rent. The areas are matrix (Figure 1). KL areas. Secondly, Senior young
divided into KL Central (Section starters with low affordability lavel
1 - 100, Mukim Kuala Lumpur & As shown in Table 8, the average (RM1,200) were shown to be able to
Mukim Ampang), KL North (Mukim monthly rental for terraced houses afford apartment units in KL South.
Batu, Mukim Setapak, & Mukim in KL ranged from RM1,000 to In contrast, Junior young starters
Ulu Klang) and KL South (Mukim RM1,850, whilst the rental for (RM600 to RM900) could not afford
Petaling & Mukim Cheras). The semi-detached ranged from all other types of housing besides
category of KL area was based on RM2,000 to RM4,800 per month. low-cost flats.

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