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Making It Big In KL South

Putting Bangi On The Beginners’ Map To First-Time Home Ownership

BY YVONNE YOONG

The Bangi of today is nothing like the Bangi some 20 years ago. Over the years, most of the agriculture land have been steadily converted into development land making way for township developments.

Indeed, Bangi may have once been a small, overlooked sleepy hollow at one point in time but no one can fault it now for being a big deal as an emerging KL South property hotspot. This can be witnessed in an ever-growing list of developers congregating in this viable KL South hotspot to launch their respective developments.

Progressing by leaps and bounds over the decades, it is no secret that this small town with its previous slant towards industrial and educational leanings situated south of the Hulu Langat district in Selangor – some 19km south of Kuala Lumpur, once known for its vast tracts of oil palm estates – has certainly outgrown its past.

Now, it is fast becoming one of the upcoming viable property hotspots for homebuyers and investors – increasingly being sought-after as a preferred location. Albeit being tucked further away from the city but within the recesses of KL South, the growing township is brimming with bustling activity as a slew of developers congregate here to transform this quiet neighbourhood with their range of property offerings.

Investors and buyers – among them, a rich catchment of rst-time homebuyers – are also weighing in on the future potential, prospect and propensity for capital appreciation of properties here.

Having transformed albeit over a decade from its plantation land history – the Bangi of today differs vastly from the snapshot of the township of yesteryear.

“Bangi started as an education cum training hub. The Universiti Kebangsaan Malaysia (UKM) Bangi campus that was established in 1977 spanning 2,710 acres made up the biggest land user followed by various training centres by banks such as Maybank and RHB,” recalls Brian Koh, Executive Director of Nawawi Tie Leung Property Consultants Sdn Bhd who specialises in the area of Investment/Research and Consulting.

Koh adds that the Royal Mint and Nuclear Research Centre was established later with the Bangi industrial estate now representing one of the more successful projects by the Malaysian Industrial Estates Berhad (MIEL).

In addition to its close location to Kuala Lumpur adding to the attractiveness of Bangi, its reputation for being educational hub can be seen in the proliferation of educational institutions in and around the area. These include the mushrooming of educational institutions such as UKM, University KL France Institute (MFI), Kolej Universiti Islam Antarabangsa Selangor (KUIS), Universiti Putra Malaysia (UPM), Multimedia Universit y (MMU), Limkokwing University, Universiti Tenaga Nasional (Uniten) and more in terms of its neighbouring context.

James Wong, Director of VPC Alliance (KL) Sdn Bhd concurs saying that Bangi can be considered as a “University town” by virtue of the many educational institutions congregating here. These include others like the German Malaysia Institute (GMI), Infrastructure Universiti Kuala Lumpur (IUKL) and Kolej Universiti Islam Antarabangsa (KUIS).

Bangi has also attracted the participation of industrial players as witnessed by the presence of major industrial factories including Sony, Hitachi, Denso, Sapura, Ericsson and Dell while parks and golf courses add to the greenery of the area.

Koh says that while some opine that Bangi has been characterised by “generally relative underperformance” in terms of the capital appreciation of the properties here – its future potential is immense.

“Average increases in house price in Bangi underperformed the National House Price Index by about two percentage points. Thus, this is still a more affordable town situated within reasonable commuting distance to Kuala Lumpur and is an attractive proposition for owner occupiers, especially those looking for landed properties,” he analyses.

Indeed, it is not not merely known for being a rather niche market serving university staff and students as well as workers in the industrial estates as Nawawi’s Koh notes that the winds of change may bring about catalytic growth here in time to come.

Likewise, in terms of the demographic makeup comprising the monolithic mix in terms of ethnicity, with non-Malays being underrepresented in Bangi as they opted for Kajang previously as a residential enclave, Koh opines that all this may change now as more buyers are now making a beeline for Bangi.

This is as they discover that properties here represent the best of both worlds in terms of lifestyle offerings besides being near the city and surrounded by lush greenery. Properties here are also

more affordable as compared to those in the Kuala Lumpur City Centre, despite the need for commuting further away.

MAGNET FOR DEVELOPERS INCLUDING
MAH SING GROUP
Bangi can lay claim and make boast of formidable property township players considering this their hotbed for launching their properties.

Making their presence felt here are too are township developers in the links of UMLand with it Bandar Seri Putra development; UEM Sunrise represented by its Serene Heights Bangi project and Sime Darby with its Serenia City.

Surrounding the peripherals of Bangi are developers including Matrix Concepts Holdings Berhad with its Bandar Sri Sendayan and I&P Group with its Alam Sari development. SP Setia is not to be left out with its Setia Ecohill development here while Sunsuria also has its Sunsuria City development joining in the fray.

Throwing in its strong con dence vote here is Mah Sing Group Berhad with its Southville City @ KL South development.

“As more projects continue to be launched southwards, Bangi’s population will continue to grow,” says Datuk Ho Hon Sang, CEO of Mah Sing Group.

“You can see from the take-up rate of Southville City @ KL South that people are buying homes to stay in and this will add to the population count here,” he adds.

Southville City is also anticipated to contribute to the surrouding area by elevating the lifestyle concept and convenience within the neighbourhood.

Connectivity is key with the introduction of the Southville City Interchange. Meanwhile, the building of a sustainable community will also lead to vast economic and social contribution.

At this stage, he says the group has handed over the Vacant Possession (VP) of 196 units of Avens Residence comprising two-and-a-half storey and three-storey link homes which are already completed. The handing over of the VP has also commenced for the 3,192 units of Savanna Executive Suites as well as 208 units of Savanna Lifestyle Shops.

GROWING URBAN SPRAWL SPURRED BY CONNECTIVITY
Ho adds that Bangi is part of the urban sprawl phenomena between growing towns such as Kajang, Serdang, Nilai and Putrajaya.

Meanwhile, Nawawi’s Koh concurs that part of this occurrence is pro led with SP Setia and Eco World developing further in the outskirts of towns in Semenyih and Kajang.

According to him, over the years, Bangi has become “an attractive location for homebuyers” due to its close proximity to Kuala Lumpur.

“Mah Sing’s Southville City @ KL South township which is located in Bangi is only 19km to Kuala Lumpur, now that we have opened our Southville City interchange into the Kuala Lumpur – Seremban Expressway,” says Ho, attesting to how connectivity will be given a big boost.

The Southville City Interchange was of cially opened to the public on April 11, enabling them to cut down on commuting time most signi cantly.

The interchange is located at Exit 212A Southville City on the KL- Seremban Expressway which comprises an ingress and egress that is approximately 1.2km from the expressway’s exit.

“The interchange will connect to Jalan Kajang – Dengkil on the southern side of Southville City via the main roads inside the township. This will provide a new access for traf c coming from Dengkil and Putrajaya, alleviating traf c at the Bangi interchange exit (Exit 212),” says Ho.

“We are glad to open the interchange as we are expecting about 15,800 people to be living in Southville City in 2018. Southville City’s interchange will not only serve the residents of Southville City but also the around 1.2 million population in Bangi, Kajang, Cyberjaya, Putrajaya, Semenyih, Dengkil and Nilai,” he adds.

“Developers are also doing their part to make Bangi more accessible via the elevated interchange Mah Sing has opened for Southville City. In addition, with more upcoming infrastructure works such as the High Speed Rail (HSR) station which is just 7km away from Southville City abound, there will be more growth for residential and commercial properties as Bangi will be a preferred destination for people.”

Besides the interchange being crucial to the sustainability of the township, improved connectivity will attract more homeowners as well as investors, af rms Ho.

He adds that Bangi has good potential for development as it is situated close to Kuala Lumpur and located nearby educational facilities, hospitals and commercial areas.

“The upcoming Bangi-Putrajaya HSR station which is just 7km away from Southville City will be completed in 2026 which will also earmark Mah Sing’s development and Bangi as a potential tourism hub located between Kuala Lumpur International Airport (KLIA) and Kuala Lumpur.

“The HSR will de nitely enhance the connectivity and accessibility of Southville City. This will enable residents to enjoy an improved travel experience and shorter travel time to Singapore. The connectivity will enable businesses to be more productive and have access to a broader marketplace – elevating Southville City into a world-class township,” he concludes.

DESTINED FOR CAPITAL APPRECIATION

Andrea Yee, Head of Project Sales and Marketing says that when Mah Sing rst launched its Savanna Executive Suites in 2013, the units were priced from RM318,000 as compared to a similar unit going for RM447,200 today which translates to a capital appreciation of approximately 40%.

“We expect that as Southville City and Bangi continue to grow, our other developments will also see good capital appreciation,” she enthuses further.

Commenting on Mah Sing’s Southville City @ KL South master plan as being the group’s biggest township in the Klang Valley spanning 428 acres comprising residential and commercial spaces, she says the township aims to create a sustainable, conducive and safe environment for multi-generational living.

Meanwhile, all precincts at Southville City will be gated and guarded (G&G).

“We plan to include a wide range of amenities and facilities like hospitals, schools, malls, post of ce and recreational parks to enable residents to enjoy the beauty of nature, as half of the land will be left in its natural state,” she shares further highlighting the convenient aspects of residing here.

In addition to this, there will also be a 10-acre summit park surrounded by greenery with avenues for family gatherings and get-togethers.

Other outdoor features include a 1.5km riverside walking path and a 13km jogging and bicycle trail for residents to enjoy. All these facilities function as green lungs for Southville City.

Predicting that by the time Southville City is completed in the next 8 to 10 years, she speculates that the township will have a population of at least 69,000 people which will boost the capital appreciation for the properties.

UPCOMING LAUNCHES IN SOUTHVILLE CITY

Yee mentions that the rst half of this year will see the launch of Southville City’s Sensa Residence with units coming in indicative built-up areas from 888 sq ft onward that are indicatively priced from RM385,000.

The gross development value (GDV) for this new launch is approximately at about RM435 million.

“The group will also be launching Cerrado Tower C and Tower D in 4Q18. These towers will have indicative built-up areas starting from 762 sq ft,” she shares further on its viability.

“What Mah Sing will be bringing to the table are good product speci cations in strategic locations at affordable prices. Southville City’s close proximity to Kuala Lumpur as well as various amenities and facilities in the township as well as its green surroundings are ideal for homeowners, especially rst-time homebuyers. Currently, the property market is looking out for affordable homes in key locations,” she adds.

Having identi ed the fact that Bangi, being in the outer outskirts of the city has land that is more affordably priced, she shares that the group’s focus this year is to address the need for affordable homes. This will be achieved via its plans to launch future projects in Southville City that is priced below RM500,000.

“Our upcoming launches in Southville City @ KL South, namely Sensa Serviced Residence and Cerrado Tower C & Tower D are priced within the RM500,000 range,” she discloses.

Yee adds that with more people coming to stay here, Bangi will become a hub for job creation and other business opportunities in the future.

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