Selayang: KL north gateway
(File pix) Among the new developments in Selayang is the Selayang Star City shopping mall. PropertyGuru Photo
FINDING
the right township to live in alone or with your family can be a
daunting challenge. there are so many things to look at and consider
before you make a decision to buy.
But how will you know if a property is suitable for you or well-invested in?
Firstly, you have to find a property that is within your budget and settle for it at your price point.
Secondly, you need to consider factors such as connectivity and access to roads and highways and decide if the property will be a worthwhile investment in the long term. Good connectivity or other future big infrastructure developments linked to the location of the property can tremendously boost return on investment.
Thirdly, study the number of facilities such as hospitals, malls, colleges, schools (primary and secondary) and shoplots available in the township as these will determine its success and popularity.
Checking the site is also important. What you see in the brochure, if you are looking at a new launch within an existing township project, could be different from the reality. So, do a thorough site visit and interact with people in the development’s neighbourhood as they may know about any illegal occupation or other legal disputes related to the township.
Also, ensure that the property is not close to any polluting industry, telecommunication towers or sewage.
There are many good areas in the Klang Valley, and one that should be considered is Selayang, which is located a mere 10km northwest of Kuala Lumpur.
Selayang is surrounded by matured neighbourhoods such as Kepong, Rawang and Batu Caves. the town itself is mature and developed with a vast option of landed properties and highrise buildings.
Famously known for its wholesale market or “Pasar Borong Selayang”, properties there have been catered for low- and middle-income earners, said PropertyGuru Malaysia country manager Sheldon Fernandez.
Located in the district of Gombak, Fernandez said the suburban area is welcoming rapid developments and witnessing value appreciations for properties, such as Selayang Star City shopping mall and the iconic Selayang 18.
“These developments are poised to create a modern feel to this growing town. Henceforth, with a projection for a place to unlock future capital gains, Selayang is looking rather appealing to first-time house buyers eyeing affordable properties that are close to the Kuala Lumpur city centre,” said Fernandez.
Selayang is easily accessible via Jalan Ipoh, Jalan Kuching, Middle Ring Road 2, Lebuhraya Damansara Puchong and Kepong-Selayang highway, he added.
According to real estate agents, Selayang is still worth buying into because of its proximity to the Kuala Lumpur city centre and for its relatively low average prices compared to other townships.
“Furthermore, residents here could access the Kuala Lumpur city centre via Jalan Kuching without paying toll,” they noted.
Estate agents concurred that asking prices for properties in the suburb are on the uptrend and are yet to reflect the actual value of the location’s potential, given rising demand in the north of Kuala Lumpur.
A quick search on PropertyGuru.com.my shows that a landed property sized 22ft by 75ft and with built-up of 2,100sq ft can fetch above RM750,000. The unit comes with four bedrooms and three bathrooms and will cost a monthly repayment of about RM3,076 for the next 30 years.
Those looking for high-rise developments can expect newer properties to cost from RM400,000. For instance, a950-sq-ft unit with three bedrooms and two bathrooms could cost about RM1,681 in monthly repayment for the next 30 years.
But how will you know if a property is suitable for you or well-invested in?
Firstly, you have to find a property that is within your budget and settle for it at your price point.
Secondly, you need to consider factors such as connectivity and access to roads and highways and decide if the property will be a worthwhile investment in the long term. Good connectivity or other future big infrastructure developments linked to the location of the property can tremendously boost return on investment.
Thirdly, study the number of facilities such as hospitals, malls, colleges, schools (primary and secondary) and shoplots available in the township as these will determine its success and popularity.
Checking the site is also important. What you see in the brochure, if you are looking at a new launch within an existing township project, could be different from the reality. So, do a thorough site visit and interact with people in the development’s neighbourhood as they may know about any illegal occupation or other legal disputes related to the township.
Also, ensure that the property is not close to any polluting industry, telecommunication towers or sewage.
There are many good areas in the Klang Valley, and one that should be considered is Selayang, which is located a mere 10km northwest of Kuala Lumpur.
Selayang is surrounded by matured neighbourhoods such as Kepong, Rawang and Batu Caves. the town itself is mature and developed with a vast option of landed properties and highrise buildings.
Famously known for its wholesale market or “Pasar Borong Selayang”, properties there have been catered for low- and middle-income earners, said PropertyGuru Malaysia country manager Sheldon Fernandez.
Located in the district of Gombak, Fernandez said the suburban area is welcoming rapid developments and witnessing value appreciations for properties, such as Selayang Star City shopping mall and the iconic Selayang 18.
“These developments are poised to create a modern feel to this growing town. Henceforth, with a projection for a place to unlock future capital gains, Selayang is looking rather appealing to first-time house buyers eyeing affordable properties that are close to the Kuala Lumpur city centre,” said Fernandez.
Selayang is easily accessible via Jalan Ipoh, Jalan Kuching, Middle Ring Road 2, Lebuhraya Damansara Puchong and Kepong-Selayang highway, he added.
According to real estate agents, Selayang is still worth buying into because of its proximity to the Kuala Lumpur city centre and for its relatively low average prices compared to other townships.
“Furthermore, residents here could access the Kuala Lumpur city centre via Jalan Kuching without paying toll,” they noted.
Estate agents concurred that asking prices for properties in the suburb are on the uptrend and are yet to reflect the actual value of the location’s potential, given rising demand in the north of Kuala Lumpur.
A quick search on PropertyGuru.com.my shows that a landed property sized 22ft by 75ft and with built-up of 2,100sq ft can fetch above RM750,000. The unit comes with four bedrooms and three bathrooms and will cost a monthly repayment of about RM3,076 for the next 30 years.
Those looking for high-rise developments can expect newer properties to cost from RM400,000. For instance, a950-sq-ft unit with three bedrooms and two bathrooms could cost about RM1,681 in monthly repayment for the next 30 years.
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