7 areas in Klang Valley affordable to middle-income earners

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You don’t have to be stuck in the middle-income trap forever, there’s still hope for your M40s’ home buying dreams.

The middle class is often one of the leading indicators in modern economies. Their financial health could spur a country’s growth. On the other hand, if they are struggling, the economy may follow suit. According to the Department of Statistics Malaysia, the Middle 40% (M40) income group had a median monthly household income of RM6275 in 2016, which is barely enough to get by nowadays, especially for families in Klang Valley.

Higher cost of living, falling purchasing power and skyrocketing property prices in Klang Valley in recent years have diminished the dreams of home ownership for many in the middle class group. However, if they are financially prudent and keep their expectation realistic, they can till purchase homes within their budgets, especially in the secondary market.

The following are some areas in Klang Valley that may offer some viable options for the M40s, based on several basic estimates:-

Gross monthly income:-    RM 6,275
Monthly expenses (estimate):-           RM 4,000
Housing loan
(4.5% interest rate, 30-35 year loan tenure):-
 RM 770 (max)
Estimated home price (90% financing):-           RM 170,000 (max)

These areas may provide middle-income earners with a practical start to home buying, before they proceed to more expensive purchases as they climb the income ladder.

1. Pelangi Damasara 3, Petaling Jaya



Area: 650 sq ft/3 bedrooms
Price/monthly loan installment: RM145,000/RM653 per month
Pros: Facilities such as swimming pool, jogging track, playground, mini market and a gymnasium. Within walking distance to popular shopping spots such as The Curve, Tesco Damansara and IKEA. Easy access via Lebuhraya Damansara-Puchong (LDP) and North-Klang Valley Expressway (NKVE) highways.
Cons: High density, traffic congestion, located near power lines.

More about Pelangi Damansara and its surrounding area.

2. Puchong Permata 2, Puchong



Area: 710 sq ft/3 bedrooms
Price/monthly loan installment: RM170,000/RM766 per month
Pros: Located in fast -growing residential and commercial hub. Large shopping malls such as IOI Mall and Jusco are within reach. It is also within vicinity of many schools such as SK Puchong Indah, SK Puchong Perdana, and SMK Puchong. For public transport, Rapid KL Terminal Puchong Utama is approximately 3km away.
Cons: Might be over congested with rapid development around the area.

More about Puchong Permata 2 and its surrounding area. 

3. Flora Damansara Apartment, Damansara Perdana



Area: 850 sq ft/3 bedrooms
Price/monthly loan installment: RM160,000/RM721 per month
Pros: Good access roads. It is located near the Damansara-Puchong highway Penchala Toll Plaza. Only 5 minutes away from major shopping centres such as The Curve, IKEA and Tesco.
Cons: Lack of public transport.

More about Flora Damansara and its surrounding area. 

READ: 4 reasons you should consider investing in Damansara Perdana

4. Bandar Bukit Tinggi 1 Apartment, Klang



Area: 713 sq ft/3 bedrooms
Price/monthly loan installment: RM118,000/RM532 per month
Pros: An integrated township with various nearby amenities  such as Tesco, Giant hypermarkets, as well as Aeon Bukit Tinggi Shopping Centre, the largest Jusco in Southeast Asia.
Excellent access via Federal Highway and Shah Alam Expressway (KESAS). For public transport, it is only a 10-minute drive to the Kampung Raja Uda KTM Komuter Station.
Cons: Quite far from Kuala Lumpur city centre. Approximately 50km and 30km away from KL and Petaling Jaya respectively.

More about Bandar Bukit Tinggi 1 Apartment and its surrounding area. 

5. Taman Sri Sentosa, Jalan Klang Lama



Area: 620 sq ft/3 bedrooms
Price/monthly loan installment: RM163,000/RM735 per month
Pros: Surrounded by matured developments at the Old Klang Road area such as Bukit Overseas Union Garden (OUG). Strategic location – 15 minutes away from the Kuala Lumpur city centre and Petaling Jaya. It is also a few minutes away from Mid Valley Megamall, one of the busiest shopping centres in Klang Valley.
Cons: High density, traffic congestion

More about Taman Sri Sentosa and its surrounding area.

6. Desa Satu, Desa Aman Puri, Kepong



Area: 655 sq ft/3 bedrooms
Price/monthly loan installment: RM155,000/RM699 per month
Pros: Located close to Petaling Jaya and within distance of Mutiara Damansara’s major shopping outlets such as IKEA and The Curve. Good access roads to the neighbourhood via Lebuhraya Selayang – Kepong and links to the LDP highway.
Cons: Quite far from Kuala Lumpur city centre.

More about Desa Satu and its surrounding area.

7. Bukit Cheras, Taman Bukit Cheras



Area: 505 sq ft/2 bedrooms
Price/monthly loan installment: RM165,000/RM744 per month
Pros: Thriving neighbouring areas such as Taman Len Seng, Alam Damai, Taman Bukit Anggerik, Taman Bukit Angsana at its South, Taman Seri Aman and Taman Cheras Mas. Various commercial options and facilities within its vicinity such as Jusco, Econsave as well as the popular night market at Taman Connaught.
Cons: High density, traffic congestion

More about Taman Sri Sentosa and its surrounding area. 

  • Please note that the calculations above are just a guideline based on estimates. Variables such as monthly expenses, interest rate, loan eligibility and home price will differ from buyer to buyer.
  • Property locations are also subject to buyers’ preferences and requirements. Our recommendations might not be suitable for everyone. Ultimately, it is up to the buyers to evaluate and decide on a case-to-case basis.

: 5 apartments below RM600,000 in Kota Kemuning


Written by Rudi Rajamani| Edited by Mira Soyza