In our nature of business, we have been asked numerous times from
family, friends and clients on where is the best location to invest in
residential properties in Klang Valley. This article answers the
question based on our analysis and projections of the market and also
on current trends and lifestyle needs. Please note that we do not have
any interest in these locations and our advice should be regarded
solely as a general guide.
The Usual Suspects. These locations are for those who
prefer to invest in proven locations i.e. conservative investors. Our
top picks for the usual suspects are as follows:
- Bangsar Baru, Bangsar Park & Bukit Bandaraya
- Damansara Heights
- Taman U Thant/Ampang Hilir
- Mont Kiara-selected developmnts
- Taman Tun Dr Ismail
- Bandar Utama
- Petaling Jaya especially Sections 5, 14, 16 and 17
- SS2, Damansara Utama and Damansara Jaya
- Subang Jaya and USJ - selected locations
- Taman TAR & Ukay Heights
- Taman Melawati
- Bandar Sri Damansara
- Cheras (especially Taman Midah, Taman Cheras, Bandar Sg Long, Bandar Tun Hussein Onn)
We
are very confident that these locations still offer an upside in terms
of capital appreciation and yields due to the limited supply within the
said locations. The properties in these locations are also sizeable as
compared to the newer products in the market. Even though standard 2
storey terrace houses in Bangsar are valued at above RM800,000, we
anticipate these prices to appreciate further in the medium to long
term.
The Underdogs. The
following locations are locations, in our opinion, are underrated
locations in the Klang Valley. We think these locations offer
tremendous upside in the long term and are definitely worth a look. Our
opinions are based on the main criteria of location, potential growth
in and around the vicinity, quality of the product and neighborhood and
of course future supply.
- Medan
Damansara. Just next to Bangsara and within the Damansara Heights
vicinity. Its practically forgotten due to the perception that
Damansara Heights only has bungalows. A sure winner in the long run.
- Seputeh and
Robson Locality. The most underrated location in Klang Valley. Linked
by Highways and Public Transport, close to the traditional and upcoming
Brickfields and close to the new Mid Valley and of course some very
nice products. Also, there is lack of supply in this locale.
- Taman Desa. Just
like Seputeh, this location is so well connected you will be surprised
when you pay it a visit. The homes are also very nice and spacious with
ample amenities and facilities. Also, Faber Development has and is
coming up with some great products that we think has and will change
the outlook of Taman Desa (and now extended to include Taman Danau
Desa).
- OUG, Taman Yarl
and Taman Kanagapuram. The Oldies of Old Klang Road. Established
neighbourhoods and recently being well connected with the highways and
the New Pantai Expressway. The upgrading of roads to allow access to
Petaling Jaya and the LDP has also done wonders for this place. Most
importantly, the neighbourhoods are nice and mature with some good
properties. For your information, Sunrise first condominium development
was in Taman OUG
- Serdang.
Developments like Taman Univeristy Indah and Equine Park are really a
breath of fresh air here. We choose Serdang as it is easily accessible
to Putrajaya and also to KLCC and because of this, we do see big
potential for Serdang. It is alsowell coneected by Highways and Public
Transport. Moreover, it also has two Universities in the locality
(Uniten and UPM) and history has always shown universities are growth
centres to the locale it is in.
- Puchong. Tesco and Jaya Jusco are here. Nothing more to say other than stick to good developers.
- Jalan
Ipoh 3rd Mile - 4th Mile. Some beautiful bungalows in this pocket of an
unlikely location. Some bungalows are better due to its location of
backing onto Sentul Raya. There are even some beautiful old single and
double storey terrace houses that offer great potential. Only downside,
it is very hard to come across properties for sale here.
The Upstarts. These are new locations and projects that we are confident will also give you some good returns as an investment.
- Balakong/Seri
Kembangan. Some beautiful projects here such as Gita Bayu (in our
opinion one of the best property development in Malaysia) and The Mines
Resort. The location and its commercial & industrial content makes
it a nucleus for growth. We foresee this neighborhood to accommodate
some very nice developments in the near future.
- Sentul Raya.
Hands down winner. YTL have even surpassed themselves in reviving the
project into a lifestyle project community that will offer something
for very occupant. There is also a new highway linking Sentul Raya to
Jalan Kuching. We were only a bit sad that there are no landed
properties, but even so, the amount YTL is priming this property, we
strongly recommend a buy, especially Sentul West. You should arrange a
site inspection to actually appreciate what YTL have done.
- Mutiara
Damansara. A very nice neighborhood development and also very well
connected to Sprint, LDP and NKVE with The Curve, Ikea and Tesco here.
All its launches have been runaway success.
- Putrajaya. This
is really a long-term investment but a sure one. About 40% of Putrajaya
is Natural and its really a beautiful place to live in, offering
everything you would ever want. The distance from Kuala Lumpur is the
only hindrance at the moment, but with more government offices and MSC
companies opening up in and around here, the upside is very obvious.
Houses in Precinct 8, 9 and 10 are our favorites.
Choosing
the right property investment is definitely challenging. With this in
mind, it is always good to back up your decisions with ample
information, a structured decision making process and reliable advise.