Ka Jang's the Next Hotspot for Affordable Living
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08 Sep 2018 Focus Malaysia, Malaysia Author: Pavither Sidhu • Section: Living & Property • Page: 22,23 Printed size: 1516.00cm² • Market: KL • Country: Malaysia • Photo: Full Color Item ID: MY0033679499 Provided for client's internal research purposes only. May not be further copied, distributed, sold or published in any form without the prior consent of the copyright owner. Page 1 of 6 Ka jang's the next hotspot for affordable living • Kajang is on par with city centre sector in the medium and long developments that focus on quality of life terms. "Importantly, it has been gradual so there are no significant • Ready infrastructure with several highways shocks to the market and both make Kajang a natural choice for developers buyers and sellers can adjust to expand township developments accordingly. "Declining prices usually co- relate to improved consumer sat- isfaction. In fact, our last con- VER the past 40 sumer sentiment survey shows years, Kajang has consumer positivity towards the played host to a real estate sector has improved," by growing population he says. Pavither Sidhu of people migrating According to PropertyCuru's tOo Kuala Lumpur while looking for Consumer Sentiment Survey - an affordable place to stay outside released in January this year - of the big city. consumer satisfaction has "Kajang Today, Kajang is on par with improved to 38% with 57% of city-centre developments that Malaysians intending to buy in the properties focus 011 quality of life, tailored for next six months, up from 52%. upgraders and urbanites with its In spite of the uncertainties sawa2.3°/o ready amenities and spacious faced in the country this year, increment in landed offerings. asking prices began picking up in Despite being a thriving area, Qi 2018 onwards. asking prices the PropertyGuru Market Index The PMI shows Kajang prop- (PMI) shows a prolonged decre- erties experiencing a 2.3% qoq 4Ql7tolQl8r ment from Qi 2016 to Q4 2017 in increment in asking prices, from with a further asking prices in Kajang. 4Q17 to 1Q18, with a further 2.6% As cited in news reports, this qoq increase in 2Q18. 2.6°/o qoq situation did not mean that prop- Overall, a 0.9% yoy increase erty owners were driving down was seen from 2Q17 to 2Q18, indi- rise in 2Ql8r prices below the market value. cating sellers were more confi- Some reports have pointed dent with their asking prices indicating out that properties in this cate- given the push in demand for the sellers are gory are old and within estab- area. lished housing estates. It was also stated that there more confi- Some owners have likely are a handful of new residential either paid off their housing loans project launches which are more dent with the or have only minimal outstanding appealing to buyers for featuring asking prices loans and most of them are sell- modern designs in well-planned ing because they see cash-out townships with clubhouse facili- given the opportunities due to capital ties, verdant landscaping as well appreciation over the years. as security features. push in Reports also state that due to demand."- stricter lending rules, asking Maturing townships around prices could have also been Kajang PropertyGuru capped and bank valuations of a Beginning as a small and humble landed home may not correspond old town that underwent multiple Market Index to a seller's intention to offer for transformations over the years, sale at a higher price. Kajang has turned into one of the PropertyGuru Malaysia coun- most populated cities in Malaysia try manager Sheldon Fernandez with a population of about says the declining trend since 800,000 in 2010. 2016 and 2017 is consistent with According to DBS Group prevailing market sentiments and Research, the ready infrastruc- that the ongoing price correction ture with several highways have is healthy for the residential made Kajang the natural choice 08 Sep 2018 Focus Malaysia, Malaysia Author: Pavither Sidhu • Section: Living & Property • Page: 22,23 Printed size: 1516.00cm² • Market: KL • Country: Malaysia • Photo: Full Color Item ID: MY0033679499 Provided for client's internal research purposes only. May not be further copied, distributed, sold or published in any form without the prior consent of the copyright owner. Page 2 of 6 for developers to expand town- kets, schools and even a golf by affordable housing areas. ship developments. course. A newer addition featuring an This is supported by the Hence, Saujana Impian pro- abundance of nature and just 10 availability of large tracts of land vides luxurious living for the minutes away is TTDI Grove, a and these sub-districts have upper middle class. gated and guarded housing locale. been recording among the Though it is near the infamous strongest population growths in Upscale development Kajang Prison, it is well-known as Selangor. On the west side of Kajang is an the 'The Trendsetting Township The close proximity to KLCC elegant and upscale gated resi- In Kajang.' and Putrajaya will ensure KL dential development known as A town in the suburbs of South continues to thrive, it adds. Jade Hills. Kajang is Sungai Chua, comprising Due to its strategic location This luxurious housing estate double-storey shop-offices and a and lifestyle offering, many devel- comes complete with facilities couple of units of factories. Pusat opers began creating real estate in and amenities including its own Perindustrian Sungai Chua nes- neighbouring areas and among international school, Eaton tles in the core of this town. International School. them, towards the north of Kajang Affordable housing is Bandar Sungai Long, a well- The icing on the cake, situated planned and matured township of in westward, is the popular town- Taman Bukit Mewah lies in the 10,000 residents, with a campus ship Country Heights, popularly eastern suburb of Kajang featuring of Universiti Tunku Abdul regarded as the 'Beverly Hills of older properties, perfect for those Rahman located there. Malaysia.' looking for more established One notable housing estate, Meanwhile, in the heart of housing with amenities. Saujana Impian, in Bandar Sungai Kajang are prominent landmarks Further east is Taman Jasmin, Long is self-sustained and self- such as Kajang Stadium, Kajang a very popular choice for afford- contained with its own amenities Hospital and Metro Point. The able and reasonably priced hous- and facilities including hypermar- town is strategically surrounded ing. An artist's impression of one of the new terrace housing projects in the pipeline in Kajang 08 Sep 2018 Focus Malaysia, Malaysia Author: Pavither Sidhu • Section: Living & Property • Page: 22,23 Printed size: 1516.00cm² • Market: KL • Country: Malaysia • Photo: Full Color Item ID: MY0033679499 Provided for client's internal research purposes only. May not be further copied, distributed, sold or published in any form without the prior consent of the copyright owner. Page 3 of 6 Then there is Taman Kajang Kajang growth corridor where Prima, designed specifically for lifestyle gated and guarded devel- family living and with a right mix opments have been mushroom- of commercial and residential ing. offerings. DBS believes that the KL Bordering the southern part South migration is imminent and close to Semenyih is Kajang 2, where major developers in the a newly integrated development Kajang/Semenyih corridor are with appealing facilities including rushing to buy land. a recreational park and a nearby "This only reinforces our view beautiful pond. Kajang 2 provides that this will be one of the best a very safe and harmonious life- hotspots in the years to come, style for its residents. possibly more visible when the In the Kajang-Semenyih sub- MRT (Mass Rapid Transit) stations district lies a recently completed are completed," it states. township, Kajang East. Houses The MRT network has here are designed with award- reshaped public perception of winning architecture for a luxuri- residential properties that were ous living experience, with many previously associated with long key facilities in the vicinity. travel distance to and from the KL Soon Kajang will emerge as city centre. the modern metropolis of I lulu Furthermore, availability of Langat district for its diverse landed properties at lower prices array of housing options and life- compared to other established styles on offer. townships such as Kota Damansara and Petaling Jaya, KL South migration especially with the appeal of DBS notices that terrace house public transport connectivity, has prices in the Hulu Langat district made Kajang the next choice for hav e consistently outperformed property seekers. those in Kuala Lumpur and DBS also notes that an addi- Petaling district, likely due to the tional advantage is the close prox- huge price disparity. imity to Putrajaya, which has con- The National Property tributed to robust property sales Information Centre (NAPIC) in the area. states that property prices in Upgraders from Cheras, Hulu Langat are relatively lower Putrajaya and Cyberjava also compared to average terrace naturally look at Kajang when it house prices in Kuala Lumpur comes to buying gated and and Petaling, driving greater guarded residential projects with property buying interest in the lifestyle amenities. "In fact, our last consumer sentiment survey shows consumer posi- tivity towards the real estate sector has improved." -Fernandez 08 Sep 2018 Focus Malaysia, Malaysia Author: Pavither Sidhu • Section: Living & Property • Page: 22,23 Printed size: 1516.00cm² • Market: KL • Country: Malaysia • Photo: Full Color Item ID: MY0033679499 Provided for client's internal research purposes only. May not be further copied, distributed, sold or published in any form without the prior consent of the copyright owner. Page 4 of 6 Further but well-connected began operating in July 2017, with Despite Kajang being located travel to other parts of the city about 21 km from the Kuala becoming more accessible.