The Best Place to Invest In KL / Klang Valley
Where in Klang Valley do you think is the best place for real estate investment? We would love to know your thoughts! Let us know your opinion below and feel free to submit!
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1. Klang
Yes, this may come as a surprise. Most people might even shun the idea of investing in the seemingly old and dull region of Klang. However, statistics actually prove otherwise. In 2018, NAPIC records 3666 property transactions. This value was actually higher than other supposedly more popular areas such as Subang and Cheras. Most transactions depict the native Klang residents' intention to stay in the area or provide a property for their descendants. While Klang may have mouth-watering food that got people travelling from afar to try, most people attribute Klang's lower investment interest to the fact that the area does not provide much entertainment. In terms of pricing, Klang has the advantage over its neighbouring cities such as Shah Alam and Subang Jaya. Potential homebuyers can land a house (yes, not a condo unit) for about RM 500 PSF, a figure which is impossible to get in areas such as KL city and Mont Kiara. In terms of demographics, expect a good mixture of Malay, Chinese, and Indian residents in the area, which of course, contributes to the food variety that is so often the highlight of Klang.
2. Mont Kiara
Mont Kiara is an exclusive township northwest of the capital of Malaysia, Kuala Lumpur. It is situated within the constituency of Segambut and comprises primarily residential condominiums as well as office complexes. It is known to be highly sought after by expatriates and embodies a very unique and diverse demographic profile. Mont’Kiara is a very popular rental market among the expatriate communities and features some of the highest gross rental yield in the country.
3. Bangsar
Bangsar is a vibrant region which provides the unique fusion of the old and modern living. Given the land scarcity for new launches in Bangsar, most developers are focusing on developing projects at Bangsar South. This area is popular among expats, young and old, due to its active community-centric neighbourhood. On top of that, safety is not a serious issue in the area because there are community policing and a tightened security system. In terms of demographics, the neighbourhood is a diverse mix of Malay, Chinese, Indian, and expats. However, residential developments in the area reside on the higher-end of the spectrum due to its strategic location.
4. Bukit Bintang
Bukit Bintang is known as the entertainment and shopping hub of the Golden Triangle. Bordering 3 main roads namely Jalan Imbi, Jalan Sultan Ismail, and Jalan Raja Chulan, the Golden Triangle is slated as the most prestigious area in Kuala Lumpur. Bukit Bintang is the perfect area for investment if you have the cash as properties in this area is often quite expensive. However, the ease of accessibility and its prime location justify the higher price tag on project developments in Bukit Bintang. Various public transportation such as the MRT, monorail, and bus station are available for residents who prefer to avoid traffic jam. For shopaholics, the KLCC-Pavilion walkway is perfect which eases movement between KLCC and Bukit Bintang. In terms of safety, one should be extra cautious when travelling in the area especially at night. Typical safety measures when travelling in major cities should be exercised. Bukit Bintang has a high concentration of Chinese and non-Malaysians demographically.
5. Ampang
Ampang is a very interesting region as part of it is in Selangor (Ampang Jaya) while the other is in Kuala Lumpur (just Ampang). Development projects are mostly concentrated near Ampang Road. Ampang has a high concentration of embassies, resulting in an influx of expats in the area. This boosts the region's diversity. For example, there is the Korean Village where locals and other expats can immerse themselves in everything Korean. In terms of pricing, due to its close proximity to the KL city centre, rental rates can be on the slightly higher side. Also, many expats often stay in Ampang due to the many embassies in the area. However, there are still hidden gems in the area which offers pretty reasonable prices if one looks hard and earnestly. Ampang, being a region with plenty of historical significance, provides ample restaurants, malls, and medical services to its residents. Given the recent development of TRX, as well as additional MRT stops and the Menara PNB, one can anticipate that Ampang, due to its proximity to the KL city centre, will be in the spotlight as a strategic investment location in the near future.
6. Damansara Heights
Damansara Heights aka Bukit Damansara is one of the most exclusive and affluent suburb in located at 5km west of Kuala Lumpur City Centre. It strategically located up on the hills in the midst of a tranquil environment. It is a highly sought-after residential and commercial address in the Klang Valley by middle to upper class Malaysians as well as expatriates primarily due to its easy accessibility from the city centre and its prominent neighbourhood.