Property investments will always be a good choice of investments now and even for years to come. Malaysia’s most prominent valuers, estate agents and market research consultants recently launched its latest Asia Pacific Real Estate Market Outlook 2020 report that covers various product segments in the property industry throughout multiple Malaysian states including those in the Klang Valley, Penang, Johor and East Malaysia.
Based on the report, Foo Gee Jen, Managing Director of CBRE-WTW commented that the Malaysian property market did regain some strength in 2019, attributable to continued market resilience and market players who have remained unwavering despite the economic turbulence and uncertainties. Klang Valley has been seeing a rise in the investment trend for the past many years and is expected to keep gaining exponential growth.
Cheras is the border connecting both cities of Selangor and Kuala Lumpur and has been seeing positive growth over the years in both its development as well as population density. Many developers have started their various projects and this includes a handful of new living community developments such as new condominiums and residential units. Let’s go through some of Cheras top features that will make you rethink your property investment plan!
A great neighbourhood and developing town
If you were to drive across Cheras, you will notice how the signboards are filled with many ‘taman’ names. Yes, Cheras is one of the towns with the greatest number of taman and known to have one of the friendliest neighbourhoods ever! This is mainly due to the suburb’s lush environment and a diverse community that exists in Cheras.
Wide range of amenities, public services and facilities
Cheras is also known to have effective public transportation services. Out of 33 available MRT stations, the Sungai Buloh-Kajang MRT line alone will pass through eleven different stations around Cheras itself. On top of that, there are also LRT services in other parts of Cheras with quite a number of Rapid Bus passing through the tamans and deeper areas of the town. Cheras also has a number of schools, private learning centres as well as universities such as UCSI and UTAR to cater to the increasing number of new projects and development. Besides that, some of the coolest malls are actually situated in Cheras such as the IKEA Cheras, Cheras Sentral Mall, Sunway Velocity, The Mines, and Tesco.
If you are looking for a weekly activity with friends or a “lepak” shopping experience, don’t forget to head over to one of the longest night markets in the country, which is the Pasar Malam Taman Connaught Cheras that opens every Wednesday evening. It will surely be a hit for us food-loving Malaysians.
Some luxury homes are still in the ‘affordable’ range
Cheras is offering a wide variety of new developing projects that are considerably affordable yet equipped with elements that exude luxuriousness. There are some high rise development projects in Cheras such as newly developed, tastefully-designed condominiums that still can be found within a budget of RM500,000 which will surely appeal to millennials who are seeking for affordable luxury living.
Related Article: The Rising Trend of New Cheras Condo: Is It Worth It?
Mah Sing’s initiative of a new affordable condominium in Cheras is a cozy abode to match the lifestyle of the dynamic, on-the-move cosmopolitan urbanite. Prime location; convenient connectivity to anywhere and breathtaking views of KLCC from the living room. Ample facilities and generous community spaces. Situated in a thriving mature neighbourhood. All these available from the one and only M Vertica KL City.
Citations:
https://www.thebalance.com/is-real-estate-a-good-investment-2386365
https://propertypricetag.wordpress.com/2016/02/24/5-things-you-may-not-know-about-cheras/
https://best.starproperty.my/wp-content/InceptionArticles/4-aXrWP_aQ58yvps3usHuV/output.html
