THE Southern Klang Valley property market has grown rapidly in recent years. Due to abundant land, most of the houses built and planned for the southern corridor are in the landed category.
The development there has had a spillover effect on surrounding areas like Nilai and Seremban in Negri Sembilan, where there is an increasing demand and supply of landed residential properties.
CBRE-WTW (CBRE Group Inc and CH Williams Talhar & Wong Sdn Bhd) MD Foo Gee Jen said the Southern Klang Valley corridor could be the next residential hotspot after Bangi-Kajang-Semenyih, as the landed terraced properties are selling from RM700,000 and high-rise from RM400,000 per unit.
The locale, he added, has a growing population where the landbank is unlocked for township developments and well facilitated by school amenities and neighbourhood commercials, particularly for young families who work in Sepang and the Kuala Lumpur International Airport (KLIA), and for those looking to upgrade.
“The investor market seems to be moving to the south after Cyberjaya, looking for more price competitive projects (cheaper and easier to rent out). The pull factors include the Xiamen establishment and previous sales track record of attracting China investors or Malaysia My Second Home buyers,” Foo told The Malaysian Reserve.
Media Title: The Malaysian Reserve
Date: 04 Oct, 2019