Positive capital growth in Negeri Sembilan

Positive capital growth in Negeri Sembilan

Under Malaysia’s Economic Transformation Plan, the expansion of Kuala Lumpur southwards as Greater Kuala Lumpur will see the country’s economy gravitate towards Negeri Sembilan. Kuala Lumpur city centre is highly built up and has a shortage of new land bank. Thus, new hubs of growth must be created to release the economic potential at the centre of the capital. Bandar Ainsdale, Chemara Hills and Nilai Impian are located in Malaysia Vision Valley, which in turn is a central part of a new southern regional growth hub, in between Iskandar Malaysia and Greater Kuala Lumpur. This location makes the advantages of investing in Negeri Sembilan clear. Simply put, they include:

 

•           Fast access to Kuala Lumpur, Putrajaya and KLIA

•           Good existing and planned transport infrastructure, and broadband penetration

•           Ease and low cost of doing business

•           Availability of land  

•           Well-established higher education hub in Nilai, including reputable boarding schools

•           Unique natural attractions and rich cultural heritage

 

For its strategic future growth, the state of government of Negeri Sembilan has set for itself ambitious economic targets for 2020, for which a cohesive overall plan with specific objectives is being drawn up. Broadly, the targets are to:

 

•           Grow gross domestic product (GDP) to RM38 billion, which stood at RM35.9 bil p in  

             2014

•           Grow per capita income to from RM32,500 to RM40,000

•           Diversify the industrial base and move towards higher-skilled, added-value jobs

•           Continue to grow manufacturing as a core industry to buffer against market uncertainty

•           Reorientate the economy to offer front-office services over back-office services

 

Negeri Sembilan was among the top five states in the manufacturing sector in 2013, contributing 7% to the country’s RM193.2 bil total output. Significant investors include Coca-Cola, which began constructing a bottling plant in Bandar Enstek in Nilai in 2010 as part of its RM1 bil investment in Malaysia; Jotun Paints in Nilai, whose RM300 mil plant was the largest in the Asia Pacific when it was completed in 2011; and Nestle, whose CHF35 mil (RM147 mil) food processing plant in Chembong became operational in 2012.

 

In 2014 and 2015, 76 manufacturing projects worth RM4.8 bil in Negeri Sembilan were approved by the Malaysian Investment Development Authority. Foreign investment comprised RM3.28 bil of this figure, or almost 70%. Negeri Sembilan ranked seventh out of 13 states plus Kuala Lumpur and Labuan for investment during this period, punching above the weight of its 1.08 mil population and land size.

 

The services sector is Negeri Sembilan’s next-largest after manufacturing, comprising RM11.7 bilp of its GDP in 2013. This compares with RM13.48 bilp for its manufacturing sector in the same period.

 

How to go places. Fast.

Negeri Sembilan already benefits from existing road and rail links to Greater KL. Once the MRT2 project is completed, the state will reap the rewards of easy access to Greater KL’s municipalities of Sepang (Putrajaya, Cyberjaya), Kajang (Bangi, Cheras South), Shah Alam city and Subang Jaya (Putra Heights, Sri Kembangan, Puchong South) via the Kajang-Gemas line (seen at bottom right of the route map below).

 

As part of Negeri Sembilan’s existing and planned KTM Komuter lines, Bandar Ainsdale, Nilai Impian and Chemara Hills will also benefit from its integration with Greater KL’s MRT2 line extension, and especially the Kuala Lumpur-Singapore High Speed Rail link that goes into the heart of KL city centre and the new Bandar Malaysia.

 

The economic opportunities, cultural exchange and diversity of life opened up by the HSR link will enable new clusters of expert or unique communities to emerge, to the advantage of property values of developments in prospective locations in Negeri Sembilan.

 

At Habitat III, the United Nations Conference on Housing and Sustainable Development in Ecuador in October 2016, experts will gather to discuss the New Urban Agenda to address the challenges of sustainable urbanisation. In anticipation of this, Sime Darby Property’s commitment to creating sustainable communities cleaves with Habitat’s exploration of the relationships among the social, economic and environmental dimensions of sustainable development in promoting stable, prosperous and inclusive societies.

 

Your niche. Here.

Bandar Ainsdale, Chemara Hills and Nilai Impian are conceived with, or to be close to amenities and business centres. They are integrated with waterways and generous green spaces for walking and cycling safely. Together with efficient public transport links and a reduction in motorised traffic and pollution, this creates an architecture and landscape for a better, more livable place to be.

Well-located, designed and managed developments have distinct upsides for property values. Bandar Ainsdale’s  unique selling proposition is its 562 acres of development on freehold land that has been created from ground up. It is a self-contained address in its own right, and yet close to KLIA and Kuala Lumpur, and conveniently located between fast-growing Nilai and mature Seremban. Its park, lakes and open spaces complement its natural surroundings and are conducive to sustainable living. A new transportation hub in the form of a, KTM Komuter station built within Bandar Ainsdale to cater to this expected population of 30,000 by 2023.

 

Nilai Impian is an even larger mixed-use development of 1,808 acres that looks to become the commercial heart of KL South, and also a highly livable suburb of lakes, vast open spaces of greenery, pedestrian paths, jogging trails and bicycle lanes. It offers a range of products at different price-entry points. With a comprehensive master plan and a ready talent pool from being a university town, its potential as an excellent place to study, work, live and play is its strong drawcard.

 

As Sime Darby Property’s first landed, highland residential development of its kind in the heart of Seremban, the guarded development of Chemara Hills has been designed for security and a beautifully landscaped environment that allows children the freedom to safely roam and explore their limits. It has a single entry and exit point, a Central Lake Garden and an amphitheatre harmonised with its location on a plateau. With its generous land allotment, wide range of recreational and leisure facilities and community areas, Chemara Hills fosters a privileged sense of well being, above it all.

 

Sime Darby Property’s commitment to sustainable communities is a long-term one that ensures the integrity and of your investment in its developments.

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