Positive Outlook Of Transit-Oriented Development In KL Sentral
PropertyGuru Group recently held a GuruTalk seminar, which focuses on the first transit-oriented development built in Malaysia on 11th August at Sentral Suites Showroom. More than 60 participants turned up to find out about the property outlook for KL Sentral vs Bangsar, KLCC & Mont Kiara and the importance and stability of investing in a transit-oriented development.
The event began with a presentation by esteemed speaker, Mr Colin Tan, CEO, founder and principal trainer from ColinTan Training International. He spoke on why 2018 is a good time to buy or invest in a Malaysian property and why investors should look into investing in KL Sentral as compared to other established sub-markets in Kuala Lumpur.
He elaborated on the Malaysian housing price index from 1997 to 2017. “In 1997, there was the Asian financial crisis followed by the sub-prime and Lehman Brothers financial crisis in 2008. Despite all these crises, Malaysia’s property market remains hardly affected and today, we witness massive opportunities in property price growth and infrastructure development, particularly in KLCC, Cheras and Puchong. The property prices in these areas have gone up and are reaching maturity due to its growing populations and high traffic,” he said.
“As investors, we should look into investing in a project with a strong master plan or government-initiated projects. These are both attributes of KL Sentral. Factors such as higher level of accessibility, less traffic congestions and having more offices than residential properties have boost the populations of KL Sentral,” he further elaborated.
Colin also showed the total number of residential units available in KL Sentral as compared to other sub-markets, as reported by Jones Lang LaSalle. In 2017, KL Sentral has 1,912 units as compared to Mont Kiara (11,712 units) and KLCC (8,041 units).
He explained that the capital appreciation in KL Sentral is better at 8.3% than other sub-markets in Kuala Lumpur and there is strong annual rental growth, backed by its strategic locations and overwhelming demand. Hence, it is advisable for homebuyers and investors to look into investing in this location now as the value of property in this area will continue to grow in upcoming years along with the scarcity of available units.
Attendees also got to learn about the importance and the stability of investing in a transit-oriented development from Jonathan Lee, Group COO from Reapfield. His presentation shed lights on the benefits and the long-term growth of investing in an area such as KL Sentral, being one of the hubs of public transportation in Malaysia.
Attendees of the day also got a guided tour around the Sentral Suites showroom, while they enjoy complimentary wine appreciation session by Wine Talk. In between these presentations, a mini watch making workshop was also held in collaboration with Watch Guild.
Supporting partner, Rowena Jo Fernandez, Marketing Manager from Wine Talk Malaysia said that the event is a great networking opportunity for both Wine Talk and PropertyGuru as it allows them to meet many enthusiastic people over a glass of wine.
On the other hand, Villi Nordfjord, Deputy General Manager said that they are honoured and delighted to participate in the GuruTalk seminar held by PropertyGuru. It was a joy to teach the participants the intricate art of watchmaking and the basic functions of a watch movement so that the craftsmanship, mystery and value of a mechanical watch are much easier to understand.
GuruTalk is a series of knowledge empowerment seminars aimed at providing “Guru Views” on the property market.