FOR IMMEDIATE RELEASE
KUALA LUMPUR, 26 MAY 2022 – iProperty.com.my has identified selected properties in key areas near notable international and private schools in Klang Valley which have recorded a significant number of transactions in 2021. These projects are within a 2KM radius of popular educational institutions and are located in key locations such as Subang Jaya, Puchong, Kuala Lumpur, Mont Kiara, Kepong, Petaling Jaya, Setapak, Ampang Jaya, Cheras, Seri Kembangan, Shah Alam, Klang, and Cyberjaya.
Shylendra Nathan, Country Manager - PropertyGuru Malaysia (PropertyGuru.com.my and iProperty.com.my), said, “One of the possible buying considerations among property seekers with growing children looking for a new home is proximity to schools. Hence, they tend to prioritise accessibility to reputable schools without compromising on providing a conducive living environment. Despite the difficulties caused by the pandemic, properties located close to private and international schools continued to attract attention and witness encouraging transactional activity in 2021.
This tells us that even in tough times, buyers feel that purchasing a home close to a reputable school remains one of the top priorities. Furthermore, the transaction growth could be contributed by investors who recognise how proximity to schools can be a driver for property rental demand — especially from the expatriate community whose population is expected to increase following Malaysia’s transition to the endemic phase.”
As the market recovers, the trend of buying properties near good private learning institutions will likely accelerate. This bodes well not only in terms of the property seekers’ lifestyle and convenience for their children but also the long-term value growth of their property investment. Not to mention, the trend of moving out to suburban areas in search of a better quality of life could continue to increase as the hybrid work model becomes more popular.”
Statistically, the presence of local students in private and international schools has been growing over the past decade. According to ISC Research Data, Malaysians make up 45% of the student population of premium international schools and 65% of mid-market international schools (rated by fees). Naturally, the demand for neighbourhoods near reputable schools has increased, as properties within such locations have become prime targets for upgraders and even newlyweds. Moreover, the COVID-19 pandemic has brought about the need for an excellent remote learning environment. In this case, private learning institutions proved to be better equipped to facilitate online learning with innovative teaching methods.
There are many notable international and private schools in the Klang Valley that cater to local and international students. Please find the rundown of the neighbourhoods and selected properties, with accompanying infographics and appendix documents that property seekers can consider in the notes below.
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Note to Editors
The press release and infographics go hand-in-hand to give your readers the details to make an informed property investment decision. Hence, we advise that the information within this press release be supplemented with the infographics for publication. In addition, if you decide to publish an infographic for a certain area, we advise that the list of schools associated with that area (included in the appendix document) be published at the same time so that all information presented is relevant and accurate. Please refer to our infographics and an appendix document HERE.
Raw data is sourced from the Valuation and Property Services Department (JPPH) and then analysed by PropertyGuru DataSense, the data, analytics and solutions arm of PropertyGuru Group. iProperty.com.my have also taken steps to ensure that any outliers have been removed to mitigate data distortion.
Transaction data in the infographics represent an official record of a property transaction once the stamp duty for the Sales and Purchase Agreement has been paid between January to December 2021.
iProperty.com.my is headquartered in Kuala Lumpur, Malaysia and employs over 200 employees. iProperty.com.my is the market-leading property portal, offering a search experience in both English and Bahasa Malaysia. iProperty.com.my also provides consumer solutions such as LoanCare – a home loan eligibility indicator, News & Lifestyle channel – content to enhance consumers’ property journey, events – to connect property seekers with agents and developers offline, and much more. The company is part of PropertyGuru Group, Southeast Asia’s leading property technology company.1
For news related to iProperty.com.my, visit www.iproperty.com.my/newsroom and discover residential property demand and trends, tech and product updates, and more.
1In terms of relative engagement market share based on SimilarWeb data.