Over the years, there have been many suburbs that have seen a surge in property value and market demand due to a host of factors such as the introduction of infrastructure developments, retail developments that draw in a crowd as well as unique residential and commercial developments that add to the profile of the location.
StarProperty takes a look at the eight suburbs that are showing promises for the near future based on Compound Annual Growth Rate (CAGR) of terraced houses, shop lots and condominiums as well as existing and incoming infrastructure developments.
Kota Damansara has been an increasingly popular choice over the years due to its number of condominiums and connectivity to shopping malls and offices within the TTDI, Mutiara Damansara and Bandar Utama area. Kota Damansara has also seen an influx of office spaces but it is the residential developments that are thriving with terraced houses enjoying a staggering 6.5% CAGR increase in the same period.
Damansara Heights has always been known for its luxurious catalogue of bungalows stacked along windy roads that are home to affluent individuals. The residential houses within the area have always had a huge price tag with even smaller units running into the millions.
In the beginning of 2016, terraced houses saw a dip in price under RM1,000 per sq ft (psf) until the MRT Line 1 was launched later in the year. As of 2019, the average price has returned to over RM1,000 psf and is on a steady incline.
Taman Tun Dr Ismail (TTDI)
TTDI has a reputation for quality neighbourhoods that have stood the test of time mostly consisting of terraced houses. Over recent years, there have been an influx of office towers like Menara KEN TTDI and Menara LGB, boasting tenants that include Deloitte and CIMB.
Shop offices here have seen a 1.5% CAGR increase between 2015 and 2019 with an average transacted price of RM4.75mil. TTDI’s reputation for residential developments is further reinforced by the 1.6% CAGR increase in the same period. The influx of businesses is further complemented by the accessibility to the MRT Line 1.
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