Klang Valley Landed Properties Keep Getting More Expensive. Are They Still Worth Buying?
Plus, we take a look at alternative developments in neighbouring townships like Seremban 2.
Published for IJM Land, 07 Nov 2024, 02:14 PM
Wherever you look in the Klang Valley, there seems to be no lack of landed properties, ranging from single storey terrace homes to semi-Ds with large built-up areas
Newer projects will also typically come with plenty of perks that cater to modern lifestyles, such as being located in integrated townships, multi-faceted access to amenities and public transport, and even eco-friendly concepts.
However, pricing remains one of the biggest challenges for homebuyers looking to secure a landed home within Klang Valley
As reported by EdgeProp, an April 2024 report detailed current housing prices and affordability trends across Malaysia, with Kuala Lumpur ranking as the most expensive place for both sub sale (RM801,557) and new unit prices (RM708,462).
Narrowing it down to conventional terrace and semi-detached homes across the country, data published by CBRE revealed that double-storeyed units in these two categories were significantly costlier in Kuala Lumpur and Petaling Jaya when compared to same-type properties in the rest of the country.
For example, in 2023, the average price of a two-storey semi-D home in Kuala Lumpur was recorded at RM3 million, while a similar type of home was priced at RM1.4 million in Seremban and RM1.24 million in Johor Bahru.
The substantial price gap between Kuala Lumpur and other regions highlights the intense demand and limited supply driving Klang Valley's property market, particularly for landed homes.
This upward trend is likely to persist due to several factors. Land scarcity in prime locations forces developers to acquire land at higher costs, inevitably leading to higher property prices. Additionally, the appeal of Klang Valley living is sustained by the concentration of economic opportunities and amenities.
As noted by PropertyGuru, rising construction costs, fueled by global supply chain issues and inflation also contribute to the upward trend in Klang Valley landed property prices. This, coupled with ongoing investment and speculation, suggests prices are poised for continued growth, making affordability a significant challenge for homebuyers.
With these things in mind, those looking to buy a new property should consider locations outside the Klang Valley for their next live-in home or investment
A strong option is Seremban 2, an award-winning and vibrant township developed by IJM Land.
Designed as an extension of Seremban, it was developed to accommodate the growing population and infrastructure needs of the area, and has matured into a well-established community with residential, commercial, and recreational facilities.
Seremban 2 currently has a population of around 60,000 residents, reflecting its growth as a well-planned township that offers a mix of residential, commercial, and recreational spaces. Over the years, it has attracted families and individuals looking for a suburban lifestyle with access to urban amenities.
The population is projected to reach 100,000 in the coming years, driven by several factors, including ongoing developments, improved infrastructure, and its strategic location within the Negeri Sembilan region. The area's appeal lies in its affordability compared to nearby cities, as well as its community facilities such as schools, parks, and shopping centres.
This anticipated growth will likely lead to further investments in public services and infrastructure to accommodate the increasing population, enhancing the quality of life for residents in the years to come.
Demand for homes and residential spaces in Seremban 2 has also risen, with prices having doubled over the past 10 years, according to iProperty. Despite this, homes in this locale remain considerably more affordable relative to Klang Valley properties.
One of the latest developments in Seremban 2 for aspiring homebuyers is Batiq @ S2 Heights Aman
Batiq @ S2 Heights Aman features a total of 177 units of low-density, two-storey garden homes. This design ensures a tranquil living environment where residents can enjoy spacious surroundings without the hassles of congestion, making it an ideal choice for families seeking comfort and community.
This is complemented by the spacious land area that comes with each unit, starting from 2,104 sq ft of built-up area.
The spacious garden homes at Batiq @ S2 Heights Aman start from RM878,800*, with each 28-feet-wide design offering a blend of comfort and convenience in a prestigious location.
Owners can enjoy generously sized bedrooms and bathrooms in every unit, plus premium features such as a smart home system, digital door locks, and an EV isolator point, which all come included. Each home will also feature a 10-foot private garden, perfect for personal relaxation or family gatherings.
This development also has easy access to a range of recreational zones with scenic walkways, cycling paths, jogging trails, and pet-friendly spaces.
Plus, with nearby connections to the North-South Expressway, ELITE Highway, and LEKAS Highway, commuting to most destinations becomes effortless.
Batiq @ S2 Heights Aman is truly crafted for those who seek a lifestyle that seamlessly combines modern convenience with serene surroundings.
*Terms & conditions apply.
