From map reading to identifying growth areas, this easy-to-understand session aims to assist first-time homebuyers looking for homes along the Sungai Buloh-Serdang-Putrajaya (SSP Line).
By Khalil Adis
The Malaysian property landscape has undergone significant changes since the Covid-19 pandemic hit.
With the completion of iconic projects like the Merdeka 118 Tower and the Sungai Buloh-Serdang-Putrajaya (SSP Line) over the past three years, there are exciting opportunities in the market.
However, affordability remains a key concern for first-time homebuyers in Kuala Lumpur and Greater KL.
Data from the National Property and Information Centre (NAPIC) reveals that 48.2 per cent of the 8,226 new residential units launched in the third quarter of 2023 were priced below RM300,000.
This indicates a strong demand for affordable properties.
High-rise developments make up 67.8 per cent of these units, while 32.2 per cent are landed properties.
Selangor and Kuala Lumpur accounted for 1,062 and 1,236 units respectively.
To address these concerns and help first-time homebuyers make informed decisions, I will be covering one of the 5Cs of property buying - checking for the transport masterplan - in greater detail during my upcoming talk on July 16 at the iProperty Bumiputera Home & Property Fair 2023.
Here are five things you can expect to learn:
#1: Learn how to do map reading
Navigating the Klang Valley and Greater KL areas can be overwhelming for first-time homebuyers.
In this talk, we will learn the art of map reading to understand the different train lines that serve these areas.
By gaining a grasp of the overall growth areas, we can then dive deeper into the newly completed SSP Line.
#2: Understand the transportation master plan
Get to know the key facts and figures of the SSP Line, such as the budget allocation and the number of stations.
Understanding the transportation master plan will enable you to uncover the budget allocation from the federal government.
We will analyse how this budget allocation can potentially have a positive spillover impact on properties along the line.
#3: Learn where the growth areas are
To identify potential growth areas, we will delve into the two other 5Cs - checking for economic drivers and job creation.
By studying case studies like the Cyber City Centre and the KLIA Aeropolis Digital Free Trade Zone (DFTZ), we can gain insights into the areas with promising development potential.
#4: Find the sweet spot in terms of distance to train stations
While it may be tempting to buy a property close to train stations, we need to be cautious not to be too close, especially for elevated train stations.
Additionally, developers need to adhere to certain requirements to qualify for transit-oriented development (TOD).
Learn about the sweet spots that strike the right balance and how they can impact your property's resale and rental value.
#5: Identify affordable properties along the SSP Line
Not all affordable areas are equal.
To find truly affordable properties, we need to identify areas with new or upcoming train stations and government-announced plans for upcoming economic zones.
These areas should be situated away from the city centre but close enough to train stations and dedicated hubs, ensuring long-term price appreciation.
Discover the income-to-mortgage ratio and identify areas along the SSP Line that won't burn a hole in your pocket, offering the greatest potential for capital appreciation.
iProperty Bumiputera Home & Property Fair 2023
Join me at the iProperty Bumiputera Home & Property Fair 2023 on July 16 to gain valuable insights into the property market and make informed decisions as a first-time homebuyer.
Don't miss out on this opportunity to learn about navigating the Klang Valley and Greater KL areas, understanding the transport masterplan, identifying growth areas, finding the sweet spot in terms of distance to train stations and discovering affordable properties along the SSP Line.
See you there!
An independent analysis from yours truly