If we have a capital, doesn’t means that we can be a good property investor.
Knowledge is one of the most valuable weapon when you involved in the property market.
So, it is good to know where is a most targeted or “hot location” for you to invest.
To help set you on your way in your property investment quest in 2017, TheEdgeProperty.com asked 20 real estate consultants, agents and negotiators to tell the best property investment locations in Greater Kuala Lumpur and Klang Valley for 2017, according to them.
The top hotspots location for property investment in Kuala Lumpur and Klang Valley:
Under the Greater KL transformation plan, KLCC as the metropolitan and capital of Malaysia has enjoyed an international appeal to global investors.
The properties in and around KLCC have become the first pick for foreign investors and domestic buyers.
For the past decade, development gravity has shifted to the southern region of the Klang Valley with the development around major infrastructure (KLIA), government administrative agencies (Putrajaya), education institutions and MSC status belt (Cyberjaya and Xiamen University in Dengkil).
Northern region of Klang Valley (Sungai Buloh, Rawang, Bukit Beruntung) has long been neglected in the past by developers and was labelled as a less affluent area with poor connectivity to KL city.
The development landscape has changed drastically recently due to the booming Kota Damansara in Sungai Buloh and the implementation of the MRT Sungai Buloh-Kajang Line, the LATAR highway and redevelopment (Kwasa Damansara) of the Rubber Research Institute land. Big players have begun to acquire and deposit landbank in the northern region of the Klang Valley.
In Semenyih, a lot of major developers have ventured into the area to undertake township developments, and with the huge undeveloped land in the area, it is poised to become a hotspot going forward.
The area is near to the future mega project of Bandar Malaysia and the Kuala Lumpur-Singapore High Speed Rail (HSR) terminus.
The area will see improvements on accessibility and infrastructure, as well as more economic activities.
The Kepong and neighbouring Sentul — It enjoys a very strategic central location, which is only about 10km to the city centre. The area is currently undergoing some redevelopment.
Recent launches of apartments/condominiums here are priced between RM500 psf to RM800 psf and the take-up rates have been good. We expect to see more property launches in this area.
As the mega projects take place gradually, there will be a spillover effect onto the neighbouring areas such as Mont’Kiara, Damansara Heights and Mid Valley.
Phase 1 of the Sungai Buloh-Kajang MRT Line, which starts from Sungai Buloh to Semantan, covering highly populated townships like Mutiara Damansara, Kota Damansara, Bandar Utama, Taman Tun Dr Ismail and Pusat Bandar Damansara, will be the main growth catalyst for Ara Damansara, Tropicana and Kota Damansara.
Overall, based on views given above by experts in property industry, most of the “hotspots” were chosen because of their transport infrastructure as well as the presence of mega projects in the making.
The improved connectivity from major hubs outside KL and its fringes to KL city centre and vice versa has brought investors’ attention back to the city centre and to mature areas such as Damansara Heights.
So it is advisable that before you invest in any project, you do all the due diligence before you start buying something.