The transformation of Greater KL into a connected city, improved infrastructure, enhanced environmental metropolis and adequate human capital will help build a city that transform lives and economic vitality as well.
The extension of Klang Valley’s boundaries to accommodate its rapid socio economic expansion and population growth led to the formation of Greater Kuala Lumpur in 2010. The conurbation which consists of 10 municipalities is the nucleus of the country’s social, economic and political agenda. It has been designated as a National Key Economic Area and is in the forefront of Malaysia’s Economic Transformation Plan to become a high-income nation by 2020. Amongst its fastest growing municipalities are Shah Alam, Subang Jaya and Sepang where Putrajaya and Cyberjaya are located. The recent years has seen the emergence of many new thriving townships in these municipalities such as Puchong South, Kota Kemuning and Bandar Rimbayu.
Puchong South – Southern KL’s Newest Star
Puchong South is the unofficial name used primarily by developers cashing in on the property boom in Puchong to refer to townships in the southern region of Puchong such as Seri Kembangan. Given the rise of Seri Kembangan, from once a sleepy new village into a bustling township with new commercial and residential developments comparable to any of the larger cities of the country. Although initial phases of development in the area were more concentrated on residential estates serving mainly the middle classes working in the vicinity, the scarcity of land and a rising population have given rise to more high density and commercial developments. New commercial developments in Puchong South are Puchong Gateway by Newfields Property, 3 Elements by Titijaya Bhd and The Atmosphere a 20-acre, integrated development in Taman Prima Tropika, which is a joint venture between Tempo Properties and Ekson Corporation.
The growing affluence of the township’s population consists mainly of upgraders from Puchong avoiding its heavy traffic and general congestion as well as professionals looking for a more affordable option to Cyberjaya. Two new launches in the area that have drawn many investors’ interest are the luxury lifestyle development by IJM Land Bhd, Granview – an exclusive gated community of semi -Ds, zero-lot bungalows and bungalows in Saujana Puchong as well as the upcoming 46-storey Sfera Residence in Bandar Putra Permai in Seri Kembangan, by YNH Property Bhd.
Kota Kemuning – Northern KL’s Prime Investment Hotspot
The whole northern part of Shah Alam is undergoing major growth particularly around the Guthrie Corridor. The suburb of Kota Kemuning, a well-planned township has established itself as a prime property investment hub in the area. It is situated along the KESAS Highway between Subang Jaya and Klang and is developed by Hicom-Gamuda Development Sdn Bhd as an integrated township spanning across 1,820 acres (7.4 km2). Kota Kemuning consists of residential, commercial, and industrial components. The new community shopping mall, Gamuda Walk serves as the nerve centre of the township while its hallmark 18-hole Kota Permai Golf and Country Club facilitates the ideal leisure, resort-style setting for the community. It is an upmarket residential area catering to the middle and upper income families making it ideal for purchases who are buying to live in.
Bandar Rimbayu – A Green Township with Easy Accessibility
Neighbouring Kota Kemuning is Bandar Rimbayu, an integrated 1,876 acre green township by IJM Land in Teluk Panglima Garang, Selangor. Bandar Rimbayu, since its launch two years ago continues to flourish as a suburban haven inspired by the nostalgia of living in a close-knit community in oneness with nature. The anticipated nucleus of the township is the upcoming Rimbayu Club Village, targeted to be operative by 2018. This recreational facility sitting on 16 acres of land will be the centre of activity for the township. Educational and retail/business facilities too soon will be available in Bandar Rimbayu. Bandar Rimbayu is serviced by 5 key highways and enjoys excellent accessibility from all parts of Greater Klang Valley.
The newer suburbs of Greater KL have emerged as modern, well facilitated townships that command the same levels of interests as their older and more established counterparts of Klang Valley such as Bangsar, Damansara and Petaling Jaya. More and more KLites are seeing the value in investing in these townships as they are part of the Greater Kuala Lumpur Transformation Plan and are expected to flourish further with the full implementation of the Greater Kuala Lumpur transportation masterplan.
This article was first published in the iProperty.com Malaysia May 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!