James Tan (JT), Associate Director of Raine & Horne International and Stanley Toh (ST), Executive Director of LaurelCap Sdn Bhd share with iProperty.com Malaysia the appeal of this self-sustainable township.
Kota Kemuning is a spillover effect of the construction of the Kesas Highway over 20 years ago. How has the township grown and developed since then?
JT: Ever since its first launch in the early 1990’s, Kota Kemuning has developed into a matured township complete with schools, shops, banks, amenities such as Aeon Big Supermarket and Columbia Asia Hospital as well as numerous shops to cater to the needs of its residents. The township also has a vibrant industrial area comprising terrace, semi-detached and detached factories.
ST: Over the years, Kota Kemuning has grown tremendously in terms of population, residential units and property value. Initially, the prices of the first phase terraced houses averaged at RM280,000 and after almost 20 years, it is now close to RM 800,000. The semi-detached houses which were launched at around RM800,000 are now worth between RM1.8 million to RM2 million. The township has transformed from a suburban residential area into a thriving township, further enhanced with the recent opening of Gamuda Walk, a community lifestyle retail centre.
What are some of Kota Kemuning’s strengths that would appeal to an investor/aspiring house buyer?
JT: It is a matured township complete with amenities including a Chinese school and various parks and lakes for recreation. The LEKAS highway that was opened not too long ago enhances its accessibility besides the SKVE, located further south.
ST: Its main strengths are as following:
a) It has a good road network and there are plenty of public amenities nearby.
b) It sits on freehold land.
c) The township’s green and serene living environment makes it conducive to raise a family.
Developers are staking their presence in the vicinity of Kemuning; upcoming projects include Eco Sanctuary from EcoWorld Development Group Bhd and HomeTree from BCB Berhad. What can be expected for the township’s growth and development in the next few years?
JT:These two new developments will definitely enhance the matured township by giving it an extra push.However, flood mitigation must be properly done to prevent flooding from the Klang River.
ST:I would expect the existing properties in Kota Kemuning to appreciate further. Nevertheless, the growth rate might plateau when the economic and functional obsolescence of the existing properties kicks in. As there are not much vacant land left for development within Kota Kemuning, developers will most probably plan for commercial developments such as serviced apartments, SOHOs, and shopoffices on the remaining parcels of land.
From a development progression standpoint, it would seem that Kota Kemuning would eventually be the next Subang Jaya or Kelana Jaya, whilst the newer developments as mentioned above will be the next Kota Kemuning.