Condominium, Office - Leasehold
MID VALLEY CITY
Kuala Lumpur, Malaysia
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Neighbourhood Review
Accessibility
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Safety
Convenience
Mid Valley City is a mixed development located in Kuala Lumpur which consists of hotels, offices, shops and residential units. The boom of Mid Valley City began when the Mid Valley Megamall was launched in 1995 and and opened in 1999.
Part of the infrastructure that makes up Mid Valley City includes Northpoint, Mid Valley Megamall, The Boulevard, Centrepoint, The Gardens Mall, Cititel Hotel and Menara IGB.
Mid Valley City is touted to be the largest shopping mall in South-East Asia upon its completion, along with Asia’s largest cineplex of 18 halls of varying sizes. As such, traffic conditions at Mid Valley City is constantly congested during peak hours despite having several forms of public transportations.
With the addition of The Gardens Mall and The Gardens Hotel & Residences, the value of property within Mid Valley City immediately skyrocketed, catering exclusively to those of the elite income group.
Although there are no current plans for the development of Mid Valley City, the development of KL Eco City located across the Klang River from Mid Valley City is in progress and has also experienced a boost in property prices since its inception.
Nearby Neighbourhoods
13
New developments within neighbourhood
1
Convenience Stores
4
Shopping Malls
6
Supermarkets & Markets
1
Public Transport
4
Educational Institutions
0
Places of Worship
4
Medical Facilities
8
Banks
0
Petrol Stations
average
Crime Level
NPE Highway, Federal Highway, SPRINT Highway
Highways
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Ethnic Group
This chart represents the ethnic group of residents in Mid Valley City. *
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.
Transacted Prices
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).
Did you know?
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 Mid Valley City *
* 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 Mid Valley City
Nice spectacular view
Very busy area with limited parking spaces around the vicinity. Roads are very confusing as well. MV megamall is quite established- you can find almost anything in the mall. Accessible towards bangsar and bricksfield. Safety can be stepped up around the housing... See More
area as I've heard many snatch cases on and off.