Purchasing a house has always been one of the major life decisions everyone has got to make. There are so many considerations like price, location, size, number of rooms, miscellaneous fees, surrounding environment, and infrastructure to be taken into account. Luckily for us in the year 2021, a lot of the concerning issues are highlighted and then mitigated due to the pandemic, essentially making that purchase decision for a house for sale in Batu Caves to be an easier process in 2021 vs past years. Let us tell you why.
Fact 1: Houses in Batu Caves to Enjoy Renewed Interests
Just casually mention the name “Batu Caves” and the image of a monument so strikingly big is easily recalled. Best known for its tourist attraction, the Batu Caves temple is one of the most popular Hindu shrines outside of India, where thousands of worshippers can be seen flooding the temple during Thaipusam. However, things are different in 2021. The pandemic has wreaked havoc all over the place especially with regards to highly populous areas which are abundant in Batu Caves.
One of the more notable landmarks is the all-new five-storey Selayang wet market complex which was supposed to be open on 1st Jan 2021 but was postponed to 1st June due to pandemic concerns.
With aggressive vaccinations and coronavirus soon to be a thing of the past, the new Selayang wet market and Batu Caves Temples will redefine Batu Caves as the preferred locations for both tourists and business owners which are both essential factors for appreciation of property values in the vicinity.
Fact 2: House For Sale In Batu Caves Can Now Be Purchased At A Lower Interest Rate
While not a phenomenon unique to only Batu Caves home buyers, the current record low Overnight Policy Rate (OPR) will serve as an important benchmark for banks to issue loans at a more attractive rate and greater leniency. Besides that, the removal of the 70% loaned limit for third property also allows homebuyers and investors to take advantage of higher accessibility to banking facilities which will further stimulate the property market.
With this, buyers on the lookout for a house for sale in Batu Caves can lock in lower interest rates favorable to current financial standings, especially those who are finding it difficult to meet the bank’s previously stringent criteria can now enjoy these incentives.
Fact 3: Continuation of Mega Projects to Create Multiplier Effects on House for Sale in Batu Caves
Despite being already flanked by prominent highways like Middle Ring Road 2 (MRR2), Duta-Ulu Kelang Expressway (DUKE), Selayang-Kepong Highway, Jalan Ipoh, and Karak Highway, the resumption of megaprojects amounting to RM15bil according to Budget 2021 will provide a positive boost to the property market.
Among the mega projects, Mass Rapid Transit Line 3 (MRT3) and Klang Valley Double Tracking project phase 1 are likely to further complement its existing KTM stations; providing further accessibility for the residents of Batu Caves.
M Luna: Highly Desirable Condo Project in Batu Caves
Surrounded by enviable amenities such as Kepong Metropolitan Lake and Forest Research Institute Malaysia (FRIM), M Luna Kepong is Mah Sing’s answer to affordable luxury whereby it is priced starting from RM385,000 per unit or approximately RM550 per sq ft. Built to promote a balanced lifestyle, something that is uniquely important in today’s work-from-home culture, M Luna is equipped with more than 35 facilities, providing the residents with the perfect work-life balance, all at the comfort of your own residential area.
Citations:
https://www.thestar.com.my/metro/metro-news/2021/06/02/new-selayang-wet-market-complex-opens-to-public
https://cdn-cms.pgimgs.com/pmi/2020/12/PropertyGuru_Malaysia_PropertyMarketOutlook_2021_Full_Report.pdf
https://www.propertyguru.com.my/new-property-launch/reviews/m-luna-kepong-206633#project
https://www.edgeprop.my/area-outlook/selangor/batu-caves-
