Segambut Comes Of Age
Segambut, which was once a sleepy hollow, has matured throughout the years to become a developed township of its own. Segambut is a part of Mukim Batu, Kuala Lumpur, both before 1974 when Kuala Lumpur was a district of Selangor, and after 1974 when Kuala Lumpur became a Federal Territory. In 1994, the Parliamentary constituency of Segambut was created.
Some attribute its successful town planning as propelling it to what it is today – a thriving township with a diverse population attracting many who want to live and work here.
Almost a decade ago, the Kampung Segambut Dalam settlement underwent various transformations with many kampung or village houses being demolished to make way for the development of condominiums. Due to this, construction works picked up here, resulting in more foreign workers coming into the Segambut neighbourhood. The population also increased alongside the completion of these high-rises, with more people starting to move to Segambut to work and live there.
Today, the town has moved another notch higher with the development of roads and projects extending outwards to include high-end condominiums in the renamed Mont’ Kiara and Sri Kiara vicinities. The middle-class areas of Taman Sri Segambut and Bandar Manjalara and the rural areas of Segambut Dalam and Kampung Sungai Penchala also make up part of Segambut.
Progressing from what was a slum area mostly comprising low-cost houses and shops, Segambut has geographically been categorized as being located across the Keroh River from the Mont’ Kiara area. The transformation happening now in Segambut including easier accessibility indicates how it has come of age to become a sought-after neighbourhood.
Knight Frank Malaysia Sdn Bhd Managing Director Sarkunan Subramaniam affirms that new highways and byways that have emerged in the Segambut locality has boosted the prominence of this township, making it even more well-connected and accessible. The main roads stretch from Jalan Tuanku Abdul Halim (formerly Jalan Duta), Jalan Sultan Azlan Shah (Jalan Ipoh stretch from Jalan Segambut to Jalan Pahang) and Jalan Kuching which are connected by various expressways. These include the Duta–Ulu Klang Expressway (DUKE), Lebuhraya Utara Selatan (North-South Expressway) and New Klang Valley Expressway (NKVE).
CONNECTIVITY IS KEY
Sarkunan says that these highways complement private mode of transportations in addition to public transportation using the current KTM rail service (via the Segambut KTM Komuter station) which is linked to the existing light rail transit (LRT) and monorail routes via designated interchange stations such as KL Sentral. This has been the mode of transportation used widely by commuters to and from designated areas in Segambut.
“Future connectivity to the Segambut area will be further enhanced upon completion of the upcoming Duta-Ulu Kelang Expressway 2 (DUKE 2),” adds Sarkunan. Additionally, he says that Phase two of Duta-Ulu Klang Expressway (DUKE), connecting the east and west of the capital city via a 16km link, is expected to complete later this year.
The construction of the RM1.18 billion DUKE phase 2 project which began in Dec 2013 comprises two additional links, namely the Tun Razak Link (TR link) and Sri Damansara Link (SD Link), which will be connected to the existing DUKE 1. The 7 km SD Link from the Menjalara Interchange in Bandar Menjalara which ends at the Segambut Interchange on Jalan Segambut is expected to reduce travelling time to 12 minutes.
The 9 km TR Link will connect Jalan Tun Razak near Kuala Lumpur Hospital to the Sentul Pasar Interchange at Jalan Gombak. Meanwhile, the DUKE 2 project will also comprise the construction of the park-and-ride (PnR) facility for easy transfer to the rail network in Segambut.
Sarkunan adds that the proposed Mass Rapid transit (MRT) Line 3 (Circle Line) is expected to cover the localities of Ampang Jaya, Kuala Lumpur City Centre, Jalan Bukit Bintang, Tun Razak Exchange, Bandar Malaysia, KL Eco City, Pusat Bandar Damansara, Mont Kiara and Sentul. It will also be integrated with the Sungai Buloh-Kajang (SBK) MRT Line 1 (near full completion) and the Sungai Buloh-Serdang-Putrajaya (SSP) MRT Line 2.
SPILLOVER AREAS OF SEGAMBUT
Property Hub (KLCC) Sdn Bhd real estate negotiator Sharon Ealiana who has over 20 years of experience working with different property developers says Segambut has seen extensive project developments being carried out here over the years.
Specialising in areas such as Dutamas, Mont Kiara, KLCC and Bangsar, her main focus now comprise the Dutamas area (which can be considered as part of Segambut) where there is a project developed by Bandaraya Developments Sdn Bhd (BRDB).
“Verdana at North Kiara is located in Dutamas Kuala Lumpur. Strategically located across The French International School, its proximity to the Solaris Dutamas commercial centre is a great draw for those looking for modern condominium living,” says Ealiana.
The Verdana, a freehold project spanning five acres encompasses 298 units ranging from 1,451 sq ft to 3,020 sq ft Its dual key concept, easy accessibility and comprehensive amenities have attracted investors and buyers alike to choose the project which is situated at the highest point of North Kiara. Segambut is also popular among expatriates due to the location of international schools including Mont’ Kiara International School.
She says that rental yields for the residences have increased since its completion in 2014 to its current rate ranging from RM3,000 to RM6,000 per month. Residents will also have no problems travelling to Kuala Lumpur using the DUKE highway, which is just minutes away.
“Personally, I have also invested in a unit in Verdana because I see the potential growth in this location,” she testifies.
She notes that as Mont’ Kiara prospers, prices have increased over the years. Therefore, Dutamas will also see potential growth in time to come,” she shares. Another point she adds is that KL Metropolis is a project located nearby Segambut which would also uplift the values of surrounding projects. A few developers alone have leveraged on the fact that Segambut Dalam is adjacent to the property hotspot of Mont’ Kiara where recreational and leisure pursuits abound including the Kuala Lumpur Golf & Country Club (KLGCC) and Bukit Kiara Equestrian Club.
Some developers opine that North Kiara is the next prime residential area after Mont’ Kiara. Since 2011, the name “North Kiara” has been used by developers to link their developments in the area to Mont Kiara. The first major development to use the term in its branding is Verdana by BRDB followed by Concerto North Kiara (BCB) and a few other developers. The branding of North Kiara which is part of the new Segambut she adds will increase the value of the residential properties.
Residences in the area are bought by young professionals for their own occupancy while investors purchased for capital gains and rental returns. The target market for North Kiara she adds is the middle-income group as prices for projects here including Verdana ranges from RM 550 psf to RM 700 psf. Another potential factor that could attract investors is the upcoming MRT.
JKG Land Bhd which was formerly known as Keladi Maju Bhd with about 30 years of experience in the property development industry, is now making its debut in the Klang Valley with its maiden launch known as The ERA @ Duta North. Given the encouraging take-up rate of 50% of the units launched, it is now fully focused on project delivery and planning the launch of its future phases in a more strategic manner says its managing director Dato’ Teh Kean Ming.
Teh says that the units with built-up areas starting from 642 sq ft are priced from RM375,900. Its added attractions include the signatory Forest Village with its 100 facilities, recreational Wetlands, Dual-key designs for multi-generational living and High-Street retail area. In addition, the newly-built link bridge enables residents to walk across directly to Sri Hartamas.
The completion of MRT 2 along Jalan Ipoh and DUKE 2 Highway will seamlessly connect with the rest of Greater Klang Valley. Once DUKE 3 takes shape and completes the loop, connectivity in this area will be even more comprehensive.
“There are also talks that the MRT 3 Circle Line will have a station close by,” says Teh adding that JKG Land has taken the liberty to create an urban forest right in Duta North, which is in the middle of Segambut where it is otherwise known for.
One Property International Sdn Bhd Senior Real Estate Negotiator Sean Voon says that he personally thinks that the Segambut area on the whole is a nice place to reside as it tends to be more affordable in term of pricing. In addition, units here also tend to have bigger built-ups.
He adds that comparatively, some developments including Villa Orkid Condominium @ Prima Pelangi, Segambut and Scenaria @ North Kiara Hills, Segambut are more affordable as compared to properties at Mont’ Kiara.
PPC International Sdn Bhd Managing Director Datuk Sr Sidsapesan Sittampalam says that Mont’ Kiara as a neighbourhood is almost fully developed, with only limited land for development remaining. Along with increased land values and limited land, developments here moved up north towards Segambut to take advantage of relatively more affordable land prices which led to a spillover effect in Segambut in relation to property values.
“Segambut was originally agricultural in nature which accommodated squatters and farmers. Over the past ten years, the emergence of many high-end developments has resulted in it being an extension to Mont Kiara,” he says by virtue of it bordering Mont’ Kiara and Dutamas at its south and east areas respectively.
Some developers he says, have unofficially been rebranding the southern part of Segambut as North Kiara and banking on its name.
Siders adds that upon completion of the MRT Line 2 in 2018, there will be a station slocated in close proximity to the Kepong or Jinjang area. With the completion of Line 2 and the Circle Line, the neighbourhood is expected to have improved traffic flow and enhanced property values.
“We believe that with improved infrastructure and accessibility in the locality coupled with well-designed residential units, Segambut is poised for tremendous growth. Currently, it is undergoing gentrification. It may take another three to five years to establish North Kiara as the next locality to seek after for high-end developments,” says Siders.
Moving away from the residential enclaves is the Segambut Industrial Park, a freehold integrated business hub. Located at the heart of the bustling Segambut township lies this exciting new concept in workspaces. According to data obtained from Brickz.com, a detached factory building with a built-up size of 30,229 sq ft on freehold land costs about RM20 million.
In conclusion, Segambut is a territory that has experienced positive changes over the past decade in terms of the mushrooming of property developments here. Demographically, it has shown an upward curve in terms of population growth, complemented by rising property values and rental yields which is anticipated to attract investors and buyers alike.
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