Properties in Shah Alam
As a whole, our land Malaysia and its property prices were unaffected from the recent 2009 financial crisis faced by the world over. There are still more request from the market to be fulfill each year. Provided that the needs of investors and customers are met, the Malaysian property market outlook in 2011/12 should remain striking and will bring together a healthy flow of investment options by investors and purchases by property owners, both local and foreign.
As far as it is concert on market demands, the developers are competing among themselves in order to provide the most efficient services and present a well-designed residential. As for Shah Alam itself, property developer Naza TTDI Sdn Bhd plans to launch 18 new property projects with total gross development value (GDV) of RM1.6 billion this year. Apart from the project involves residential and commercial developments at TTDI Alam Impian in Shah Alam.
Besides the projects by Naza TTDI Sdn Bhd, Shah Alam development has also been heated up by the presence of i-City since it has been certified as a MSC (Multimedia Super Corridor) Malaysia Cybercentre by the Science, Technology and Innovation Ministry and endorsed by the Tourism Ministry. Therefore, I-Berhad which is an integrated information, communications and technology-based developer, stated that the gross development value (GDV) of its Shah Alam iconic property development, i-City, to swell to RM3 billion, with the acquisition of additional 12ha of land from the Selangor state government in order to develop a car park as well as being landscaped for tourism purposes.
Sime Darby also has their share in Shah Alam at Denai Alam and Putra Heights. Both are a modern residential project which can also fit the taste of buyers. There are enough facilities which boost up the request of property around that area. Basically, this residential is suitable for those properties investors who would like to make a good investment for the future as it is targeted to become a strategic and most wanted property in Shah Alam in no time near the future.
In the Budget 2012, My First Home Scheme will be expanded to increase the limit of house prices from a maximum of RM220,000 to RM400,000. As long as the economic conditions remain favorable and the demand for quality residences and offices especially in Shah Alam will continually growing.
However, these houses do not come cheap. The starting price of houses in Alam Impian is RM600K. You can’t find any new houses in Denai Alam that are below RM1 million. Even the recently launched TTDI Adina set a new price for condominiums. The biggest unit of 1100+ sq feet is priced at RM413K, but location is great. Just in front of Tesco Shah Alam. Lebar Daun terrace houses are starting at RM899K.
We visited PKNS preperty fair last weekend. Even the houses from PKNS doesn’t come cheap. Alam Nusantara double storey terrace of 1975 sq feet is priced from RM458K.
There are a lot of choices, make your pick. Just make sure you have the money.