Southern KL’s Smaller Townships Fast Becoming Property Hotspots

Southern KL’s Smaller Townships Fast Becoming Property Hotspots

The phenomenal growth experienced by the relatively older townships of Semenyih and Kajang as well as the newer areas of Sungai Long and Cheras South is best attributed to their geographical location. Their strategic location within the southern corridor and as part of the Greater Kuala Lumpur conurbation have seen rising interests from investors in the last decade. With ample pockets of undeveloped land and accessibility to Kuala Lumpur’s infrastructure and transportation eco-system, these areas have emerged as modern, well facilitated townships that command the same levels of interests as developments closer to Kuala Lumpur.

Southern KL’s accessibility remains key to its fast paced growth. It is well connected by a number of highways namely the Damansara-Puchong Expressway (LDP), North South Expressway Central Link (Elite), South Klang Valley Expressway (SKVE), The SILK Kajang Highway and the most recent opening of KL-Putrajaya dedicated highway, Maju Expressway. Parts of the region will also be serviced by MRT with the completion of the Sungai Buloh – Kajang line and the extension of the Ampang line to Putra Heights.

Kajang and Semenyih

The sister townships of Kajang and Semenyih have a history of more than 300 years but in the last 10 years, the face of these two townships have rapidly changed with the emergence of new residential and commercial centres. Kajang, the capital of Hulu Langat district is experiencing the most rapid change in Southern KL. Its Sungei Chua area serves as the central business hub for both Kajang and Semenyih. The MRT Line 1 servicing the Sungai Buloh-Kajang route’s Bandar Kajang’s station is located in this part of Kajang resulting in the rise of many new developments in the area such as Taman Prima Saujana and Taman Kajang Perdana (Kajang Highlands). More upmarket developments have also recently sprung up include Jade Hills, Sri Banyan and Prima Paramount in addition to the older Country Heights development. In August last year, Metro Kajang Holdings, a key developer of commercial projects in Kajang announced its intention to strengthen its presence in Kajang with the development of Kajang 2, a mixed development of GDV of RM 1 billion.

Semenyih has in the recent years seen the rise of developers offering high end residential developments. A project that has garnered much interest is Diamond City by Country Garden Properties, a joint venture between Chinese property giant, Country Garden properties and Mayland Holdings. The development with a GDV of RM5 billion encompasses Spanish themed linked homes, bungalows and mansions. This quiet township is  also home to the University of Nottingham’s Malaysian campus.

Cheras South and Bandar Sungai Long

The upcoming Sungai Buloh – Kajang MRT Line will alleviate the traffic woes currently experienced by Cheras residents. It has already had an impact on property prices and rental yield in the Cheras South area. Cheras South is the new name used by property developers to refer to the fast growing suburbs that lie between the 7th and 9th mile of Cheras and neighbour Kajang. These include the townships of Bandar Damai Perdana, Bandar Tun Hussein Onn and Bandar Mahkota Cheras. This area known more for its more affordable housing consists mainly of low to medium cost terraced homes. However, the newer condominium projects such as Livia Residence, Mahkota Residence and Suria Court are commanding higher prices.

Bandar Sungai Long is a well planned residential development that is almost 30 years old. It is a mature self contained township with homes catering to middle class families who prefer a quieter lifestyle. Prices of homes have been increasing in value in the last decade. The opening of University TAR campus in 2002 in the township boosted property prices and saw a rise in commercial activity in the area.

The completion of the Sungai Buloh – Kajang MRT Line as well as the construction of KLORR, an orbital ring road in the Greater Kuala Lumpur area that will serve as an alternative route to the congested Middle Ring Road 2 (MRR2) are key factors that will contribute further to the growth of South KL.

Conclusion

As Greater KL’s centre of gravity moves towards the south, prices of properties in regions such as Kajang, Semenyih, Cheras South and Bandar Sungei Long and are expected to continue to increase.

This article was first published in the iProperty.com Malaysia June 2016 Magazine. Get your copy from selected news stands or view the magazine online for free at www.iproperty.com.my/magazine.  Better yet, order a discounted subscription by putting in your details in the form below!

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