The Secret Atlas of Greater Kuala Lumpur
"Beauty is in the eye of the beholder."
How well do you actually know your city?
In "The Secret Atlas of Greater Kuala Lumpur", we take a closer look at Greater KL through the lens of BIG DATA.
Powered by a massive urban database, we examine the people of Kuala Lumpur and their quirky behaviours.
Ever noticed the mushrooming cafes in your neighbourhood and wondered who actually buys these RM10 lattes? The number of cafes, it turns out, has a positive correlation to property prices in the surrounding area. Neighbourhoods with a high number of cafes are also neighbourhoods where property prices are most likely to rise.
By examining such correlations and relationships, we view our city from a different perspective and gain insights into the underlying currents that move property markets, as well as the people it hosts.
AN EXCERPT FROM THE BOOK
A radial histogram in the book showcasing the impact parks have on property prices.
The Green Effect
For most cities across the globe, living close to recreational parks is a great plus to quality of life (think Central Park in Manhattan). But do KL-ites love their tropical parks as much as their malls? We take a look at some of the homes near the 78 major parks we have in Greater KL.
We are happy to report that Malaysians do value their greenery! From the 2015 home transaction data, we find that homes within 500m or walking distance from a park or forest reserve are sold at 3% more than those further away. Rental rates do not seem to be affected much by proximity to parks, but perhaps the benefits of green recreational areas result in a stronger demand for own stay.
Perhaps the next time your neighbourhood park is up for redevelopment, you should think twice about skipping that public consultation meeting.
This book is available in all major bookstores and online at Gerak Budaya.