theSun Property September 2017

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LIVING in bustling cities that
present tons of opportunities
may seem the perfect
environment for busy
millennials focused on climbing up
the corporate ladder, those pursuing
to build a worthy career, as well as
professionals already living out
their successful lifestyles and
pursuits. These goals and ideals
have indeed attracted amassive
influx into the urban regions and
metropolitan cities, thus, driving
property prices skywards and in
many capitals, making land scarce.
However, there was talk that people
weremore interested in improving
lifestyles andmoving to suburbs
and rural areas where “the idea was”
– bigger property, more spacious
living areas and cheaper real estate.
With that, Tennsui Khow from
iProperty data services decided to
examine stats and figures to receive
insight. Apparently, the statistics
department recorded the highest
net outflowof migrants in 2015,
amounting to 32.3k, fromKuala
Lumpur, while the largest net inflow
of migrants in 2015 was in Selangor,
amounting to 22.7k people.
Trying to put a finger on some of
thematters of concern and
prerequisites that attracted people
out into living in the suburbs and
rurals,theSun highlights interesting
and valuable information from
Khow’s research, retrieved via
collaboration between
and iPropertyIQ.
>Does living in the suburbs and rurals necessarily equate to larger and less priceyproperty?
Size matters
CONTINUEDONNEXT PAGE X
DesaParkcity
Sungai Buloh
Gombak
Ulu Kelang
MontKiara
BukitTunku
Ampang Jaya Damansara
Petaling Jaya
Kuala Lumpur
Glenmarie
SELANGOR
ShahAlam
Puchong
BukitJalil
Cheras
SungaiBesi
Seri
Kembangan
Kajang
Klang
Greater Klang Valley
condominiummedian size
heat map
<340sf >2,000sf
NoData/ Insufficientdata
Figure 2: Source – iPropertyIQ, Data
Sungai Buloh
Desa Parkcity
Mont Kiara
Bukit Tunku
Damansara
Petaling Jaya
Kuala Lumpur
Ulu Kelang
Ampang Jaya
Cheras
Kajang
Puchong
Gombak
Glenmarie
BukitJalil
SungaiBesi
Seri
Kembangan
SELANGOR
Shah Alam
Klang
PUTRAJAYA
Cyberjaya
Greater Klang Valley
bungalowmedian size
heat map
<900 sf >3,825 sf
No Data/ Insufficient data
Figure 1: Source – iPropertyIQ, Data
Gombak
UluKelang
AmpangJaya
SungaiBuloh
DesaParkcity
MontKiara
BukitTunku
Damansara
Kuala Lumpur
Petaling Jaya
Cheras
BukitJalil
SungaiBesi
Seri
Kembangn
Kajang
Puchong
SELANGOR
ShahAlam
Klang
Glenmarie
Greater Klang Valley
terrace median size
heat map
<560 sf >3,300 sf
No Data/ Insufficient data
Figure 3: Source – iPropertyIQ, Data
Property in the suburbs
THE CASE FOR BUNGALOWS
Figure 1 does show significant
evidence that themedian size of
property is bigger out of Kuala
Lumpur City Centre and Petaling
Jaya. Shah Alamand Klang holds the
highest median size in the whole
countrywith 3,825sf and 3,664sf
respectively. Next to it on the
southeast border we have Kajang
and Cheras, with amedian size of
3,466sf and 3,313sf respectively.
Sungai Bulohwith 3,264sf, andUlu
Kelang andGombakwith 3,122sf and
3,065sf respectively.
THE IMPACT ON
CONDOMINIUMS
Examining if the same holds true for
condominiums, the data showed
that the biggest properties were
found near city centres (Figure 2)
and as onemoved farther out of the
city, there was no difference. It was
gathered that this was due to the
fact that there is more land outside
the city, thus no need for high rise
living spaces. The number of
transactions for condominiums also
decreased away from the city
centre. Places like Bukit Tunku,
[For figure 1, 2 and 3 the darker
the colour, the larger the size while
in figure 4, the darker colour
indicates the higher price, by per
square foot.]
PHOTO: IPROPERTY.COM
PHOTO: IPROPERTY.COM
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