Think no one’s buying a house in 2020? Think again. Here we’ve put together a list of the most expensive homes sold in 2020, and the price tag for each exceeds millions of Ringgits.
Most of you can agree that 2020 has been a never-ending roller coaster ride. In fact, we’re not even sure if there’s an end to it yet. Thanks to the global pandemic, we’re forced to adapt to the new normal and that is to play our part and stay at home until this passes (hopefully soon). While 2020 has been a tough year for a lot of people – losing jobs, getting pay cuts – there are some who are not affected (or didn’t suffer a heavy blow) by the current economic state. Instead of queuing up to buy toilet paper, Gardenia bread and canned food like the rest, they spend an insane amount of money on properties – something that we can only afford to dream.
Here, we reveal the 10 most expensive homes sold in Malaysia for the year 2020. The data that we’ve collected is based on the review period between January 2020 to June 2020 and the information from the Valuation and Property Services Department (JPPH) that has been compiled by iProperty.com.my’s big data solution iPropertyIQ.com.
Without further ado, let’s take a look at the top 10 most expensive homes of 2020.
10. Condominium, Residensi Kapas – Bangsar, Kuala Lumpur – RM5,775,876
Median PSF for bungalows at Residensi Kapas: RM 908
This freehold condominium in Bangsar is nothing short of luxurious. Centrally located in the heart of Bangsar, this condo has only 14 units in the building and only one unit occupies each floor – they range from 5,800 sq ft to 6,000 sq ft. If you’re wondering if it comes with a private lift for each floor, then yes, it certainly does. In fact, every resident is given an access card to their unit. That’s how exclusive living here can be. On top of that, each unit is also designed to have a 360° view of the KL skyline.
9. Bungalow, Taman Tun Abdul Razak – Ulu Kelang, Selangor – RM6,000,000
Median PSF for bungalows at Taman Tun Abdul Razak: RM 437
Coming up next is a two and a half storey leasehold bungalow in Taman Tun Abdul Razak, also known as Taman TAR. Sitting on the hillside on Ampang Hill, this five-bedroom bungalow is surrounded by affluent estates and mature neighbourhoods like Ampang Jaya. Aside from the famed Kelab Darul Ehsan (KDE) golf course, the residents here are also blessed with two international schools – International School of Kuala Lumpur (ISKL) and Mutiara International Grammar School.
8. Condominium, One Menerung – Bangsar, Kuala Lumpur – RM7,280,000
Median PSF for bungalows at One Menerung: RM 1,517
The next condominium on the list is none other than One Menerung in Bangsar. Last year, this lavish condo also made it to the Top 10 most expensive homes in Malaysia, so it’s not a surprise that it’s making an appearance this year as well. With only 229 units, you can be sure that you’ll be living comfortably and enjoying 5-star facilities like gymnasium, swimming pool, dance studio and BBQ pits without having to squeeze for a spot. In terms of location, living here is as convenient as it can be. Not only is it located 1 minute away from Bangsar Shopping Centre, but it’s also easily accessible to major highways like Federal Highway and SPRINT Highway.
7. Bungalow, Seventy Damansara – Bangsar, Kuala Lumpur – RM8,500,000
Median PSF for bungalows at Seventy Damansara: RM 1,085
Another bungalow in Bangsar made it to the list and this time it is in Seventy Damansara. The two-storey freehold bungalow is nestled in an exclusive 2.4-acre private land in Bangsar. There are only 12 units of detached homes available, with built-up sizes up to 6,000 sq ft. Residents here also need not worry about security as the houses are guarded 24/7. When it comes to amenities, nothing comes close to what they have to offer here. Aside from getting an individual infinity pool, your house will also come with a landscaped garden with water features.
6. Bungalow, Mont Kiara The Residence – Mont Kiara, Kuala Lumpur – RM9,550,000
Median PSF for bungalows at Mont Kiara the Residence: RM 951
While Mont Kiara is known for its high-rise condos that come with a hefty price tag, none of them is as expensive as this six-bedroom bungalow. Situated at Jalan Changkat Suria 1, this affluent neighbourhood houses low density, luxury bungalows with a built-up size of 6,300 sq ft. The area is also dotted with retail centres like Plaza Mont Kiara, Solaris Mont Kiara and Solaris Dutamas, all of which are within reach. Shuttle bus service around Mont Kiara district is also available as a travel alternative.
5. Bungalow, Lebuhraya Scott – Pulau Tikus, Penang – RM10,000,000
Median PSF for bungalows at Lebuhraya Scott: RM 621
Up north, a two-storey bungalow on Lebuhraya Scott (or Scott Avenue) landed fifth on the list. This stretch of road is filled with bungalow houses that are designed to be unique from one another as they were custom-built on a spacious plot of land. According to history, this area used to be a part of the Ayeh Rajah Estate that belonged to British settlers James Scott and David Brown before it was developed into a residential area.
4. Bungalow, Damansara Heights (Bukit Damansara) – Damansara Heights – RM11,750,000
Median PSF for bungalows at Damansara Heights: RM 672
Take a drive around Damansara Heights area and you’ll notice that the vibe is somewhat different from the rest of Klang Valley. After all, this place is brimming with the rich and famous and the houses there are nothing less than a semi-detached unit. Bungalows and villas aside, this area has also been developed into an up-and-coming hotspot for nightlife and entertainment.
3. Bungalow, Kenny Hill – Bukit Tunku – RM15,000,000
Median PSF for bungalows at Kenny Hill: RM 548
You can’t talk about the most expensive homes sold in Malaysia without having Kenny Hill in the list. One of the most coveted postcodes in the country, Kenny Hill is home to the upper-class Malaysians and expatriates and this area is sprawling with luxury bungalows and mansions with over-the-top architectural design. The hilly residential area is also near to other neighbourhoods like Bukit Damansara, Bangsar and Mont Kiara and is easily accessible via PLUS Highway, DUKE Highway and Sultan Iskandar Highway.
2. Bungalow, Tijani – Bukit Tunku, Kuala Lumpur – Rm15,750,000
Median PSF for bungalows at Tijani: RM 798
Our first runner-up belongs to a six-bedroom freehold bungalow in Tijani. With the name Bukit Tunku in the postal address, it’s no wonder the upper-class and prominent figures are flocking to this area. Here, you’ll find lavish condominiums, semi-detached homes and bungalows along tree-lined roads. There are also a few established neighbourhoods nearby, namely Kenny Hill and Taman Duta.
1. Bungalow, Bukit Bandaraya – Bangsar, Kuala Lumpur – RM16,500,000
Median PSF for bungalows at Bukit Bandaraya: RM 1,128
For the past 3 years, Serai Bukit Bandaraya has been representing Bukit Bandaraya in the top 10 positions. But this year, instead of Serai, we’re surprised to see a new entry from Bukit Bandaraya and it’s a two-and-a-half storey bungalow. This residential enclave houses luxury condos, terrace houses, semi-detached homes, bungalows and bungalow lots for those who prefer to customise their own house. Its location is another factor that attracts people to this place. Strategically located, it’s only a 5-minute drive away from Bangsar and 15-minutes drive away from Kuala Lumpur City Centre.
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1) The data is from the Valuation and Property Services Department (JPPH) which officially records a property transaction once the stamp duty for the Sales and Purchase is paid. Analytics is based on the data available at the date of publication and may be subject to revision as and when more current data becomes available.
2) Detailed information (owner, lot number, etc) of each property is not disclosed for privacy reasons.