{"id":35255,"date":"2018-08-17T11:20:50","date_gmt":"2018-08-17T03:20:50","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=35255"},"modified":"2019-02-18T10:16:11","modified_gmt":"2019-02-18T02:16:11","slug":"township-property-investment","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/township-property-investment","title":{"rendered":"Choosing The Right Township Can Make Or Break Your Property Investment"},"content":{"rendered":"
The challenge faced by most Malaysians is finding a suitable property to invest in.<\/p>\n Do you search for a property within your budget and settle for a house at your price point just outside the city? In doing that, you will need to consider factors such as good connectivity and strategic location for it to be a worthwhile investment in the long-term.<\/p>\n The surrounding township where the property is located can make a world of difference years down the road.<\/p>\n Subang Jaya was once a palm oil plantation situated next to an airport runway and Sunway City used to be a disused mining area that was completely barren even of greenery.<\/p>\n No prizes for guessing how much a property in either of these townships are worth today.<\/p>\n Choosing the right township for a property investment is even more important as house prices continue to spiral. A badly planned township can turn into a ghost town while a well-planned one continues to grow and cater to future generations.<\/p>\n First and foremost, when you choose to invest in a property, what do you look for?<\/p>\n This is the question we recently asked Malaysians who are in the market to invest in property.<\/p>\n Jasmine, 38, married with two schooling children said that for her, choosing a township would include a good school and daily necessities within convenient travelling distance.<\/p>\n On a successful township, she shared that \u201cit must have As for the developer\u2019s track record, she stressed that it is crucial as \u201cit is important for me not to have to spend more money on correcting defects in the property\u201d. Eddy, who is 32 and still single said that strategic location is key.<\/p>\n “I will never sacrifice the location of the township when buying a property. This is because anything of the property can change for the better over time, but the location never will. Also, location greatly affects the property’s future value, too.”<\/p>\n On connectivity & transportation, he points out that “well-planned road network for both motorists and pedestrians are something basic that a township should have. Also, the distance from the property to main public transportation points are important, too.”<\/div><\/div>\n Wai Mun, 37, father to a 3-year-old said, “it is important to consider the developer’ reputation and for me, the rental market in the township is also important.”<\/p>\n “Desapark City is one example of a successful township that comes to mind,” he suggested when asked to define a successful township. <\/div><\/div>\n Syafiq, 33, unmarried and caring for an elderly parent opined that \u201cit doesn’t matter if it\u2019s a new or matured town, as long as it\u2019s in a good neighbourhood,\u201d when asked what he looks for in a township.<\/p>\n As for a successful township, he defines it as \u201cvery well organised development, good public transport, clean environment, low crime rate, good access in\/out.\u201d<\/div><\/div>\n According to a research by global real estate agency Savills, millennials are choosing townships in the outskirts<\/a> of the city due to affordability. However, these satellite townships must meet their lifestyle expectations of transport accessibility to remain well-connected to the big city, retail, adequate food & beverages services and not forgetting, high speed internet access.<\/p>\n The report published in March this year further added that millennials look for townships that are self-reliant and provide infrastructures such as schools, shopping mall, hospitals and other facilities for daily necessities, as well as a well-connected infrastructure with public transportation.<\/p>\n As millennials are increasingly the source of reference for businesses to track trends, their choice of townships that are located away from the city is a sign of the growing popularity of townships, especially well-planned ones and they do not have to be located centrally anymore.<\/p>\n Therefore, looking away from the city for a neighbourhood that offers a better environment may be a good idea.<\/p>\n According to a real estate agent, the phenomenon of expanding neighbourhoods towards the suburbs is inevitable.<\/p>\n \u201cWith the growth of urban populations; it indeed expedites the rise of suburb hot spots,\u201d Sue-Ann Lim from IQI Global real estate partners tells iMoney.<\/p>\n \u201cWith the urbanisation level of 90.8% (as in 2015) among Malaysia states, the urge to urbanise the development of suburbs is no longer a question waiting for an answer.<\/p>\n \u201cDevelopers are keeping up with the pace of demography changes to cater for the majority home buyers, such as younger bachelors, smaller family size, full facilities, eco-friendly, modern layout with speedy Wi-Fi coverage, etc.,\u201d Sue-Ann added.<\/p>\n Most suburban townships today are standalone entities with a mix of residential, commercial units along with basic infrastructure such as power, water and drainage with the overall environment putting emphasis on sustainable living.<\/p>\n While the township is outside the city, the keyword is strategic location. The best integrated townships in city suburbs nowadays offer better connectivity to other locations, and the township’s masterplan incorporating infrastructure development helps ensure the continued growth of the township.<\/p>\n Successful townships also have a high liveability potential and possess basic amenities such as convenience stores, medical centres, recreation centres, malls and schools. The proven track record of the developer in completing past phases of the township as well as other projects successfully helps seal the deal for investors.<\/p>\n Serenia City, a 1,775-acre integrated township in Sepang developed by Sime Darby Property is proof that a well-planned township located away from the city is becoming popular among property investors, as shown by the high take up rate for its state-of-the-art green technology zone Cipta Serenia, as well double-story linked homes Serenia Amani being fully sold within three months.<\/p>\n The developer is now launching Serenia Adiva, the latest double storey freehold linked homes in Serenia City.<\/p>\n The well-planned township speaks for itself, offering all the conveniences of a good lifestyle from shopping to education and healthcare facilities nearby.<\/p>\n The following facilities are within reach:<\/p>\n From the responses given by prospective buyers we spoke to earlier, developers today are seeing a great demand for homes that can provide a holistic living experience from strategic location offering liveable surroundings with ample greenery, but at the same time not neglecting great connectivity.<\/p>\n Serenia City can offer both excellent connectivity and public transportation.<\/p>\n<\/a><\/p>\n
<\/span>We ask Malaysians what they want in a township<\/strong><\/span><\/h2>\n
“That means I don’t have to drive two hours to get groceries or find a restaurant.”<\/em><\/strong><\/p>\n
\nless traffic jams and a well-planned public transport infrastructure if the township is situated away from the city.”<\/p>\n
\n<\/div><\/div>\n\u201cMy cousin once fell victim to an abandoned housing project. It goes without saying that the reputation of the developer is definitely something I won’t compromise.\u201d<\/em><\/strong><\/p>\n
<\/a>\u201cI look for good facilities like schools, shoplots, hospitals and access to the highway.\u201d<\/em><\/strong><\/p>\n
\u201c<\/em>I want to see good amenities such as hospital, clinics, shopping centres, recreation centres, schools, etc.\u201d<\/em><\/strong><\/p>\n
<\/span>Recent trends show more investors looking to townships<\/span><\/h2>\n
<\/span>The making of a great township<\/strong><\/span><\/h2>\n
<\/a><\/p>\n
<\/a>Horizon Village Outlets (HVO), an outlet mall with luxury and casual brands for all your shopping needs, set to open this year.<\/div><\/div>\n
<\/a>Xiamen University Malaysia Campus for tertiary education as well as Inti College Nilai is located nearby.<\/div><\/div>\n