Apartment, Terrace -
BANDAR TUN RAZAK
Cheras, Kuala Lumpur
Neighbourhood Review
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Located within Cheras and once known as Kampung Konggo or also Congo Village in the past, Bandar Tun Razak was a settlement for retired Malaysian army personnels who served in the Democratic Republic of Congo in the 1960s. It was since then renamed to Bandar Tun Razak on 1st February 1984 by Malaysia’s fourth Prime Minister, and now has its own parliamentary constituency.
The majority of Bandar Tun Razak’s citizens are reported to be senior citizens which generally make up 60% of its population. Additionally, it was reported in 2013 that the majority of the residents in Bandar Tun Razak falls in the low to middle income bracket, and that the constituency of Bandar Tun Razak has the highest number of low cost flats in the country totalling 16.
As such, it was announced in 2012 that SP Setia would redevelop a few of the low cost flats by the name of Sri Johor, Sri Pulau Pinang and Sri Melaka, as well as the low cost homes neighbourhood by the name of Taman Ikan Emas.
This RM2.8 billion project will be further complemented by another brand new highly affordable apartment project in the area that will cater to young executives, as well as a commercial centre of which both the residential and commercial developments are targeted to be completed within 14 or 15 years.
Despite being a seemingly backwater township, Bandar Tun Razak has its own charm which is little known to outsiders, in form of its popular night bazaar that was opened on 24th June 2006, by the name of KL Downtown. Opening fairly late into the night to cater to night owls, this night bazaar also has an open stage for performances of various local artists.
Nearby Neighbourhoods
11
New developments within neighbourhood
2
Convenience Stores
0
Shopping Malls
3
Supermarkets & Markets
0
Public Transport
4
Educational Institutions
1
Places of Worship
3
Medical Facilities
3
Banks
2
Petrol Stations
average
Crime Level
SALAK Expressway, MRR2
Highways
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Ethnic Group
This chart represents the ethnic group of residents in Bandar Tun Razak. *
Did you know?
An ethnic group or ethnicity is a socially defined category of people who identify with each other based on common ancestral, social, cultural or national experience. (Wikipedia)
* Data obtained from official source.
Analysis of properties in the area:
This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).
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Transacted Prices will give you an idea of the neighbourhood’s property price trend.
Analysis & Comparison
Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Bandar Tun Razak *
* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area
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Consumer Price Index
This is a representation of Kuala Lumpur Consumer Price Index (CPI) for the year of 2011 - 2015
Did you know?
A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)
The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.
The above graph shows 1.363% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 1.633% in 2013. Prices of essential goods then increasing to 3.308% in the year 2014 while surging by 3.019% in 2015.
While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 104.1 in 2012, 105.8 in 2013, 109.3 in 2014, 112.6 in 2015.
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Community of Bandar Tun Razak
Satu bandar yang lengkap dengan segala kemudahan termasuk jaringan jalan dan perkhidmatan kemudahan awam yang lengkap dan strategik
It is near to Sungai Besi Highway and the traffic is quite good. Living here is quite convenience as nearby there is LRT station and also surrounded by amenities such as clinics, restaurants and many more. Quite quiet and peaceful area to stay in because there is... See More
quite government building around.
