theSun Property May 2016

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>A series exploring the state that recorded themost number of
residential units sold
THE real estatemarket
outlook for Negri Sembilan
is reported to be positive. In
fact, since 2015, prices have
been ascending, along with a record
number of transactions. Although
the propertymarket is currently
reported to be going though a “soft”
period in general, below is a
residential “snapshot” focusing on
the housingmarket in Darul
Khusus, the Arabic honorific title
whichmeans “special abode”.
Negri Sembilan borders
Selangor, Kuala Lumpur, Pahang,
Malacca and Johor. It lies on the
western coast of the peninsula.
Popular towns include Port
Dickson, Bahau andNilai.
The state has historical ties
with the Minangkabau fromwest
Sumatra, Indonesia, the reason
its traditional architecture and
spoken language has significant
traces of Minangkabau features
and words.
SEREMBAN IN BRIEF
According to records, the area with
themost number of residential units
sold is Seremban. With that, we take
a quick look at this city and probe
reasons it has found favour among
buyers and investors of residential
property.
Briefly, Seremban is located
some 50 kilometres fromKuala
Lumpur.
With its close proximity, and the
convenience of rail/commuter
trains connecting the townwith
Kuala Lumpur (KL) city, many in
the workforce commute daily
between Seremban and KL, mainly
because property is cheaper in
Seremban comparedwith KL city.
Another reason that could
explain the rise in the number of
residential property transactions in
that part of the country could also
be due to the fact that Nilai, a town
that is gaining popularity especially
among the airline industry folk, is
situated some 20 kilometres away
from the KL International Airport
(KLIA) and klia2, and some 50km
away fromKL city – convenient for
those working with the airlines and
supporting industries.
ON THEWHOLE
Considered a stone’s throw away
fromKL city, Negri Sembilan is
fairlywell connected via rail and
road. In fact, the North-South
Highway heading down south from
Discovering
Negri Sembilan
KL is often ladenwith heavy traffic
onweekends.
This is said to be due to those
who have bought properties in
Negri Sembilan, who return home
every Friday night or Saturday
morning, apart from those who
“balik kampung” almost every
weekend due to the short distance,
to visit their parents, indulge in
home-cooked food and other
comforts that come with going
“home”.
There are also those who seek
solace in the outskirts and venture
out to the smaller states while
indulging in authentic local food
from the area, in the case of Negri
Sembilan, the famed Seremban siew
pau, beef noodles near the
Serembanwet market, Haji Shariff’s
cendol, masak cili api,
rendang and its gulai dishes
and daging salai.
Besides the above-
mentioned, the KL-
Singapore High-Speed Rail
marks Seremban as one of
five stops along its route.
This will boost connectivity
of the state besides giving
the reason for property
prices and real estate
transactions to escalate.
While some havemoved
to Seremban and other
small towns inNegri
Sembilan due to its slower
lifestyle pace and lower cost
of living – with the influx of
people shifting to this part
of the country, these
reasons could soon become
null and void. What more
with the on-going and up-coming
commercial developments in the
state’s and government’s blueprints
and infrastructure plans.
A LARGER VIEW
Touching on state and government
plans for Negri Sembilan, it has been
less than a year that Mentri Besar
Datuk Seri MohamadHasan
announced the enforcement of
some policies pertaining residential
housing projects. In June last year,
after discussions with the Real
EstateHousing Developers’
Association (Rehda) Negri
Sembilan, newhousing policies
were enforced. These include:
Fifty per cent of every new
housing project must consist of
affordable landed residential
units in dimensions not less than
X
20ft x 60ft;
of the 50%of affordable houses,
15%must be priced at RM80k or
below; 15%at RM250k or below;
and 20%at RM400k or below;
with the remaining up to the
developers; and
Bumiputra ownership quota has
been raised from 50% to 70%.
In terms of number of transactions,
refer to the chart on the top 10 areas,
as listed by below.
Followour column next week for
more onNegri Sembilan, alongwith
interesting property development
projects within the state.
X
X
Building type Area Project /
neighbourhood
Most transacted Terracehouse
(2,494sold)
Seremban
(303sold)
Bandar Springhill
(91sold)
Highest average
per sq ft (RM)
Condominium
(RM143psf)
KotaSeriemas
(RM210psf)
GreenBeverly
Hills (RM455psf)
NEGRI SEMBILANRESIDENTIALSNAPSHOT
(January - September 2015)
Source:
Location Number of
transactions
Averageprice
per sq ft (RM)
Seremban 303 195
Nilai 236 187
Senawang 197 121
Seremban2 176 115
Rasah 174 106
PortDickson 172 105
Ampangan 165 102
Setul 162 100
Labu 150 97
TelukKemang 147 72
TOP10AREAS (Bynumber of transactions)
Source:
PART1
Pahang
Selangor Jelebu
Kuala Klawang
Nilai
Seremban
Seremban
Rasah
Rasah
Telok
Kemang
Port
Dickson
Rembau
Kuala Pilah
Kuala Pilah
Sri Meranti
Tampin
Malacca
Tampin
Gemas Johor
Jempol
Bahau
Bandar Seri Jempol
PHOTO: WWW.VIRTUALMALAYSIA.COM
PHOTO: WWW.INSIGHTGUIDES.COM
TheMinangkabau Residence.
Green Beverly Hills,
Putra Nilai.
PHOTO: WWW.PROPWALL.MY/
Rembau
Rantau