ProPerty Investment Data | Oregeon Property Consultancy BANDAR TUN

Capitalising on its straddle between established townships, Bandar Tun Hussein Onn has nowhere to go but forward.

The recorded transaction prices of selected schemes within Bandar Tun Hussein Onn as at September 2014 are as below:-

SEMI-DETACHED HOUSES LAND Located between the Kuala Lumpur city centre and the AREA STOREY YEAR MIN (RM) MAX (RM) COUNT Town Centre, Bandar Tun Hussein Onn comprises AREA mainly residential and commercial elements. Governed under 2010 807,980 938,000 19 Majlis Perbandaran Kajang, Bandar Tun Hussein Onn falls 2011 867,166 1,200,000 3 3,197 - under the minor planning block of Cheras, adjoining to other Jalan 2 4,435 2012 1,260,000 1,260,000 1 Suarasa minor planning blocks like Taman Sri Bahagia, Kota Cheras, sq ft 2013 1,100,000 1,831,123 11 Batu 10 Cheras, , , Cheras Jaya, Kawasan Perindustrian Kg. Baru , and 2014 1,350,000 1,600,000 3 Desa Baiduri. The majority of the dwellings in the township 2010 375,000 600,000 7 are of landed properties such as bungalows, semi-detached 2,450 2011 350,000 750,000 9 houses and terraced houses as well as a small amount of Jalan - 2 2012 510,000 950,000 11 four to five-storey flats. Located in the heart of the town Suasana 3,387 is the commercial area where retail shops and AEON BIG sq ft 2013 600,000 970,000 7 (Carrefour) can be found. A recreation area with a lake is also 2014 655,000 1,150,000 4 available for shoppers and residents to hang out and relax at. Oregeon Property Consultancy Research Team

The most common access to Bandar Tun Hussein Onn is via the Cheras-Kajang Highway, followed by Lebuh Utama Tun Hussein Onn. As alternative, the township is also accessible from the south-east and south-west via the SILK Highway, Persiaran Damai Perdana passing through Bandar Damai Perdana or Jalan Alam Damai passing through Alam Damai. Currently, there is no comprehensive rail service available within the township, merely public transportation in the forms of buses and taxis. However, in view of the heavy traffic flow on the Cheras-Kajang route, an MRT project has been planned and is currently under construction to provide rail services from Kajang to . One of the MRT stations – the Bandar Tun Hussein Onn stations - is planned to be located along the Cheras-Kajang. The MRT is expected to be completed in 2017. Oregeon Property Consultancy Research Team

64 | TERRACED HOUSES LAND MIN MAX AREA STOREY YEAR COUNT AREA (RM) (RM) 2011 190,000 230,000 2

1,539 2012 200,000 345,000 3 1 sq ft 2013 300,000 330,000 2 2014 285,000 350,000 2 2010 300,000 415,000 7 2011 330,000 475,000 15 1,647 2012 200,000 580,000 8 Jalan sq ft Suadamai 2013 300,000 630,000 10 2014 600,000 640,000 5 2 Oregeon Property Consultancy Research Team 2010 385,000 650,000 2 2011 380,000 600,000 9 1,850 2012 390,000 679,000 3 sq ft 2013 590,000 870,000 5 2014 785,000 800,000 2 2010 197,000 200,000 2

1,539 2011 230,000 275,000 3 1 sq ft 2012 300,000 300,000 1 2013 325,000 325,000 1 2010 195,000 310,000 10 2011 160,999 477,000 9 1,539 1.5 2012 270,000 365,000 9 Jalan sq ft Suakasih 2013 350,000 535,000 6 2014 380,500 470,000 3 2010 110,000 400,000 8 APARTMENTS / FLATS 2011 257,000 470,000 6 BUILT-UP AVERAGE 1,539 SCHEME YEAR COUNT 2 2012 430,000 640,000 5 AREA (RM PSF) sq ft 2013 550,000 675,000 3 2010 141 17 2014 465,000 630,000 5 2011 147 20 PANGSAPURI 845 - 1,066 2010 150,000 200,000 2 2012 167 16 JALAN SUASANA sq ft 2011 220,000 255,000 5 2013 180 8 1,430 2012 260,000 334,000 3 2014 209 8 sq ft 2013 190,000 365,000 7 2010 113 13

2014 320,000 400,000 3 PANGSAPURI 632 - 650 2011 133 2 1 2010 200,000 200,000 1 SUAKASIH sq ft 2012 136 5 2011 210,000 275,000 3 2013 188 3 1,540 2012 167,000 340,000 6 Oregeon Property Consultancy Research Team sq ft 2013 295,000 397,600 2 2014 325,000 325,000 1 Jalan Suasana 2010 245,000 270,000 2 1,540 2011 247,000 315,000 3 1.5 sq ft 2012 300,000 393,000 5 2013 270,000 400,000 4 2010 165,000 325,000 9 2011 315,000 455,000 7 2012 225,000 520,000 10 1,650 2 sq ft 2013 235,000 610,000 9

2014 535,000 656,000 2

Oregeon Property Consultancy Research Team Oregeon Property Consultancy Research Team

| 65 ProPerty Investment Data | Oregeon Property Consultancy

66 | Three standard types of properties were analysed to indi- transactions were recorded from the selected schemes. For cate the price trend, namely semi-detached houses, terraced terraced houses, however, despite a recorded increase from houses and flats/apartments. Generally, all these properties 2010 to 2011, a decreasing trend was noted until September have seen an increasing trend from year 2010 to 2014, with 2014, recording merely 23 units. The same goes for the less some achieving an increase of almost 100%. In terms of trans- popular choice of flats/apartments. It has been on a decrease acted units, semi-detached homes remain rather consist- since 2010, and a mere eight units were recorded as at Sep- ent. Since 2011m and as at September 2014, a total of seven tember 2014.

Some of the notable on-going and upcoming developments in Bandar Tun Hussein Onn are as follows:-

PROJECT DEVELOPER TYPE Lake Vista Residence UDA Holdings Berhad 3 blocks of 9 to 15-storey Apartment (250 units) Lake Valley Avenue 3 UDA Land Sdn Bhd Bungalows 22 units of 3-storey bungalow and 38 units of 3-storey Lake Valley Avenue 4 UDA Land Sdn Bhd semi-detached house 10 units of 3-storey shop-office and 1 unit of 4-storey Town Park 5 UDA Land Sdn Bhd shop-office Town Park 6 UDA Land Sdn Bhd Condominiums Lumiere ORC Land Holdings Sdn Bhd 352 units of condominium and 32 units of villa Windows on the Park SDB Properties Sdn Bhd 3 blocks of 15 to 33-storey apartment (540 units) 21 units of 2.5-storey terraced house and 15 units of 3-storey Sutera Residence Premier S&P Development Sdn Bhd terraced house

Oregeon Property Consultancy Research Team

| 67 PROPERTY INVESTMENT DATA | Oregeon Property Consultancy

From the table it is can be noted that condominiums and apartments are coming up in view of the lack of decent high-rise dwellings within the township. However, these high-rise dwellings are tilted towards the higher-end market and almost all of the high-rise dwellings are launched at RM500,000 and above, such as the Lake Vista Residence, Windows on the Park, Town Park 6 and Lumiere. Terraced houses, semi-detached houses and bungalows maintained their prices and have not made it easier for buyers,. Terraced houses are seeing launches at RM1 million onwards, semi- detached at RM1.75 million and bungalows in Lake Valley Avenue 3 are launched from RM3.5 million onwards.

Bandar Tun Hussein Onn is a rather family friendly township where basic amenities and facilities are sufficient enough to label it self-sustainable. Accessibility by road has been well- planned, but traffic congestion and the amount of toll booths have planted an imperfect impression towards the up and coming township. The announcement of the MRT project has won people’s interest in buying a home or investing in the township, as the main headache of traffic is expected to be eased by the availability of a train service.

Oregeon Property Consultancy Sdn Bhd

SR WONG WEN CHET B. Bus (Prop). MRICS, MISM, MPEPS, MMIPPM Sr Wong Wen Chet is the Managing Director of Oregeon Property Consultancy Sdn Bhd. He is a Registered Valuer & Registered Estate Agent recognized by Board of Valuers, Appraisers and Estate Agents and has been in real estate industry for more than 10 years. He is also Committee Member of REHDA Youth under Real Estate and Housing Developers’ Association (REHDA).

SR KOK CHIN YEE B. (Hons). Estate Management. MISM, MPEPS, MMIPPM Sr Kok Chin Yee is the Director of Oregeon Property Consultancy Sdn Bhd. He is a Registered Valuer & Registered Estate Agent recognized by Board of Valuers, Appraisers and Estate Agents. He has more than 8 years of professional real estate experience mainly in valuation of residential and commercial properties for retail and corporate clients. He is the award winner of the ‘out-standing writer on property and construction 2014’ by Royal Institute of Surveyors Malaysia. DISCLAIMER Since the asking prices and project status various from time to time, we do not guarantee the validity of the information found here. The analysis and the article written was based on

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