Negeri Sembilan: A promising market

Negeri Sembilan: A promising market

Negeri Sembilan maintains a sizable expanse of forest reserve that naturally regulate the rhythms of daily life. There are 11 forest parks in the state, some of which, like Ulu Bendol on the edge of the Titiwangsa mountain range, are among the world’s most ancient. As a backdrop to economic growth, they provide a truly great perspective on what we consider an ideal work-life balance. The developments of Sime Darby Property aim to complement the majesty of nature by being designed for sustainable lifestyles.    

Economic prospects

Negeri Sembilan’s strategic location and rising economic prospects appear to be attracting a growing influx of affluent workers to live in the state, as can be seen from the property demand trends in the charts below. Other possible strong reasons behind this trend are the greater value for money of Negeri Sembilan properties, in terms of price per square foot, and the promise of a better work-life balance.

Negeri Sembilan’s urban areas, such as Nilai and Seremban, are less dense than the Klang Valley, hence their more affordable land prices and property markets. Being less dense also confers on Negeri Sembilan another advantage: the space to build townships according to good design, such as Bandar Ainsdale and Nilai Impian. The master plan for Malaysia Vision Valley (see, below) grants Negeri Sembilan the potential to offer all of the Klang Valley’s amenities, just better. Put another way, Negeri Sembilan will grow in tandem with your needs, and that of your family.     

As Kuala Lumpur inevitably expands south along the west coast as part of the Greater Kuala Lumpur conurbation, Negeri Sembilan is poised to become a new regional growth hub, thanks to its central location in the growth corridor between KL, Iskandar Malaysia and Singapore.

As some experts have observed, the flatlands of the country’s west coast towards Johor make it easier to build developments in this region. Being part of the region, Negeri Sembilan reaps the advantages of this favourable geography. Coupled with this head start are the closeness of Kuala Lumpur International Airport and the administrative centre of Putrajaya, and the business opportunities in the Iskandar region backed by Malaysia and Singapore. These are some of the main reasons why investments are being pulled southwards of Kuala Lumpur, towards Negeri Sembilan.

Malaysia Vision Valley

 

Large-scale, long-term projects that leverage on Negeri Sembilan’s investment potential have been planned, the biggest of which is Malaysia Vision Valley, an area of 108,000 hectares that encompasses Nilai, Seremban and Port Dickson. Malaysia Vision Valley was announced as a key project under the 11th Malaysia Plan during the tabling of Budget 2016. It is intended to be driven by the private sector, and is expected to generate RM417.6 bil in investments by 2045, according to The Malaysian Reserve.

Four projects will initially be implemented in Malaysia Vision Valley under the 11th Malaysia Plan. These are the upgrading of roads from Kuala Lumpur International Airport to Telok Kemang at a reported cost of RM260 million; the construction of new roads from Nilai to Bandar Enstek (RM200 mil) and the construction of an alternative road from the Seremban new toll plaza to the Seremban Middle Ring Road (RM90 mil). There will also be a 2,440-ha manufacturing zone catering to different types of industries.

Among other projects that have been mooted for Malaysia Vision Valley are Seremban Central, Seremban Resort City, Port Dickson Waterfront, Port Dickson Splash Park and affordable housing schemes. The plan is to make Seremban the central business district, while the Nilai-Enstek-Sendayan area becomes an education and sports cluster. A central park has been proposed near Galla, which has a forest reserve.

The “game changer”

Source: Knight Frank Global Cities Report 2016

 

Also significant for Negeri Sembilan properties is what leaders in Malaysia and Singapore are touting as a “game changer” – the proposed Kuala Lumpur-Singapore High Speed Rail (HSR), which is expected to be completed after 2020.

The HSR is projected to reduce travelling time between Kuala Lumpur and Singapore to 90 minutes, boosting investment, trade, business opportunities, and tourism. According to the global property consulting firm Frank Knight, the HSR will catalyse development activity in the urban centres of Seremban, Melaka and Johor, as well as along the western coastal corridor of Malaysia. Both residential and commercial property developments are expected to gain from the new mode of connectivity offered by the HSR.

Towards its north, Negeri Sembilan will be boosted by being part of an integrated intra-city transport master plan, in the form of the MRT and LRT line extension projects of Greater Kuala Lumpur. Residents of Nilai and Seremban will be briskly transported to places such as Putrajaya, Klang, Shah Alam and Kuala Lumpur, and vice-versa.  Towards Negeri Sembilan’s south, Nilai and Seremban will be connected with Iskandar and Singapore.

This efficient linking of the two metropolises of Greater Kuala Lumpur and Singapore has tremendous potential to yield a range of social and economic benefits, and presents numerous development possibilities. Clusters of different businesses will be brought closer together, and the pool of skilled workers and talent will concurrently be enlarged. Located in the sweet spot between the two cities, Negeri Sembilan is poised for exciting prospects.

Considered in these terms, Bandar Ainsdale, Chemara Hills and Nilai Impian present a once-in-a-lifetime opportunity to live where you think your own future prospects are brightest, and where a balanced, optimum quality of life can be achieved for you and your family.

 

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