By MAK KUM SHI
Growth in demographics, economic activity and infrastructure development shapes property landscape.
Bukit Bintang skyline.
THERE is a wide range of factors that is driving growth in Southern Klang Valley, and such factors make this region an attractive place for homebuyers, investors and businesses alike to settle in.
IJM Land managing director Edward Chong commented that some of Klang Valley’s southern corridor’s traction and appeal lies in its connectivity and improved accessibility, making this corridor an accessible residential address. The convenience and ease of travelling to the southern corridor of Klang Valley increases its attractiveness as a place to live and work.
Property investors and buyers are also drawn to this corridor because of the availability of landed houses, the most sought after residential type and lower house prices compared to properties in prime areas in Kuala Lumpur, Petaling Jaya and Subang Jaya.
Mah Sing Group C Suites chief sales officer James Bruyns shared that Southern Klang Valley is a preferred alternative living area for many. There are many new townships mushrooming from Semenyih to Bangi and Dengkil with affordable homes priced from RM300,000 onwards.
Compared to other areas such as Bukit Beruntung and Serendah, Southern Klang Valley offers more established road networks and multiple access points for ease of accessibility.
Maturing communities
SK Brothers general manager Chan Ai Cheng cited that many expressways such as the Lebuhraya Damansara-Puchong (LDP) in Puchong, South Klang Valley Expressway (SKVE) in Seri Kembangan, Central Link, KL-Putrajaya Highway, North-South Expressway (NSE) and Maju Expressway were created to ease traffic accessibility.
A LBS spokesperson commented that the area has great potential due to its close proximity to educational institutions, medical, recreational and retail facilities such as Sunway University, Taylor’s University Lakeside Campus, Columbia Asia Hospital, Hospital Putrajaya, Sunway Lagoon Theme Park, Putrajaya Botanical Garden, IOI Mall and Sunway Pyramid.
Chong commented that the continued population growth of the Klang Valley is driven by the large young Malaysian population that could unlock a potential source of domestic demand and growth.
With the continued maturity of the developments located within the Klang Valley Southern Corridor, the demand and popularity of the developments within this corridor will only improve. The implementation of the high-speed rail link to Singapore may provide a further impetus to the development of this corridor.
Bruyns commented that there are many major industrial hubs, multinational corporations and educational hubs surrounding the Southern Klang Valley that create job opportunities.
With the increase in population and convenient accessibility, there is more demand on properties in the area. Property prices have escalated over the years. A linked home has risen in price from RM200,000 in 2011 to RM700,000 onwards currently.
Transformation beneficiaries
Chan commented that in the real estate sector, the sole motivation for developers to go into and explore the southern part of the Klang Valley is because they could increase their land banks for future developments at cheaper prices.
“These land banks are located in areas where there will be plenty of amenities and infrastructure growth that will materialise in a few months to a few years’ time. One good example is the Sungai Buloh to Kajang MRT line that will be operational soon. These factors will transform Southern Klang Valley into a strategic location for businesses to boom,” Chan added.
With Mah Sing’s 428-acre Southville City @KL South is located on the main stream of Klang Valley’s southern corridor, Bruyns said that its strategic location and high visibility along the North-South Expressway, businesses and the commercial component of the development will be positively impacted.
Bruyns said, “The convenient accessibility and economic growth will further bring in more interested buyers and investors, which will then increase the market demand. The development is targeted to be the main attraction of Southern Klang Valley with Mah Sing Group as one of the major property players in the area.”
LBS’s spokesperson commented that the development of their flagship township, Bandar Saujana Putra (BSP), features quality properties that caters to purchasers from different income levels. The development also provides a full range of facilities including schools, shops, a police station and parks, with a hypermarket and hospital in the pipeline. This makes BSP a self-contained township that offers a safe and relaxing environment to live in.
Chong shared that Seremban 2 is strategically located 1km from the Seremban toll plaza and 4km from Seremban town. Accessibility to the township is facilitated by North-South Expressway, Elite and Lekas highways, connecting Seremban 2 to locations such as Kuala Lumpur City Centre, Kuala Lumpur International Airport, Putrajaya and Cyberjaya. A stop in Seremban for the KL-Singapore high-speed rail will further enhance its appeal.
Similarly, with a lot of development projects and expressways such as Kesas, LKSA, Elite, SKVE and WCE linking Bandar Rimbayu to neighbourhoods such as Petaling Jaya, Bandar Sunway, Subang Jaya, Puchong, Shah Alam and Klang, the development is poised to become the next vibrant township in the vicinity.
*For Chinese articles, download Property Trends at Google Play/iTunes, or subscribe to WeChat.
**Subscribe to StarProperty.my on Facebook for the latest updates.
***Want to contribute articles to StarProperty.my? Email editor@starproperty.my.
