QUOTE(wolftheyorkie @ Jul 19 2023, 09:02 AM)
There are lots of comments on purchasing landed vs high rise. I think investors/ owners of landed property are not stupid. We know that rental yield is very low for landed and we know that new townships with affordable landed products ( below 1 million) are all far away. To play the landed game, it needs to be a long term horizon with capital appreciation as potential upside( but not guaranteed)
So based on the latest recommendation , best freehold landed area to recommend with a price of 750-800k in no particular order. Preferably gated and guarded with potential growth of township in the next 10-20 years
Setia ecohill
Eco majestic
Gamuda garden
Setia alam
Bandar rimbayu
Tropicana kajang
Anything else?
Just my RM0.02 cents view.
I would not prefer Eco Majestic or only selected part of Ecohill.
Both have been in development for a number of years and the biggest stumbling block for this 2 township is the lack of high paying job opportunities in the vicinity. The thought of WFH will provide some catalyst to this 2 township to grow seems to have fizzled. The newly opened mall seems to have gave it a minor boost but not sure if it is sustainable in the long run.
Bandar Rimbayu, ES, 257 and Aman seems a better bet. It can enjoy spillover demand from Klang, Puchong, Shah Alam and Subang Jaya. Proximity to Shah Alam industries provide employment opportunities and steady growth of population in establish location gives it potential.
Only downside is it leasehold status which some ppl will be reluctant to proceed. If freehold is a must Setia Alam Impian will provide a choice not too far away.
The floods in Klang area will also drive demand for housing located in these areas as many will want to move out but not move too far away from their familiar locale.
Moving on to Gamuda Cove, Warisan, Suncity, Greenwoods, Coalfields and Serenia, these shouldn't be ignored but you"ll need to choose very carefully. Their proximity to KLIA , Xiamen, ERL, Cyberjaya, Putrajaya and ELITE highway gives it potential. If Cyberjaya does develop it's tram mobility services, there is a possibility for it to be extended to nearby development for economy of scale. A curious observation is that GC sometimes promote itself as close to Cyberjaya with their direct link, giving the impression that being associated to Cyberjaya is good but when you look at their properties prices, they are on par or even some are priced more expensive than the landed in Cyberjaya. It's like my project has a direct link to Damansara Height but my properties are also higher priced that Damansara Height?
At 1 time, ppl bought property in Nilai or Seremban 2 but travel to work in KL, these township now gives them some options and possibility to relocate to these township from Seremban or Nilai. Creating a pull or push factor.
Notable mention should be Bandar Enstek. Huge land bank, near KLIA in Sepang but again too far away from any major catalyst. Can the developer do better?
Another notable mention is Elmina but I see it more as an extension of Denai Alam which itself was an extension of Bukit Jelutong. I've not done any in-depth study of Bukit Jelutong and Denai Alam but just generally speaking, the appreciation "feel" (I use the word feel as I don't have data to support myself) rather mooted or stagnant. I feel Setia Alam and Eco Ardence is more vibrant and in demand than this 2 township. Not sure if Elmina will suffer the same fate as the other 2 township but initial response from subsale buyers of the early phase seems good. Again, not sure if this is sustainable as later phase has gone up in prices from developer. Timing, location and entry point are key factors here.
I would say instead of looking for capital appreciation from landed, I would look for capital preservation i.e. the value of the property will increase in tandem with inflation to protect my real purchasing power. A good property will do that and a bit more extra.
Happy hunting...ya
And please take the above with a bucket of salt....ya