The median sale at Cheras, Kuala Lumpur, Malaysia is RM 387,500
Cheras is a massive suburban area located in the capital city of Malaysia, Kuala Lumpur with parts of it located in neighbouring state, Selangor. It is nestled in the southeast region of the city. It borders Ampang to the north and Kajang to the south. Both these cities are well established in the metropolitan vicinity of Kuala Lumpur, making Cheras a particularly progressive township.
The Kuala Lumpur portion of Cheras is only 6km away from Kuala Lumpur City Centre and has always been popular among homebuyers and property investors given its location, relative affordability of its properties and established amenities.
Cheras facilitates a significant number of housing estates and shopping centres and is well linked with expressways and multiple trunk roads. Most of the properties are freehold. It is also in a centralised location with easy access to major highways such as the Middle Ring Road 2 (MRR2), Cheras-Kajang Expressway (Grand Saga), East–West Link and the Smart Tunnel, making Cheras Kuala Lumpur a very attractive proposition for homebuyers
Furthermore, its massive size means several LRT (Ampang-Sri Petaling line) and MRT (Sungai Buloh-Kajang line) stations serve the area, making commuting convenient. Hence, getting in and around it can be a breeze. Notably, the Bandar Tasik Selatan (BTS) Rail interchange in the district is linked to the Kuala Lumpur International Airport (KLIA) via the ERL Expressway. And this route only takes a short 20-minute journey. The BTS Rail is also connected to the KTM Intercity Railway and the Interstate bus station, Terminal Bersepadu Selatan (TBS), which was recently developed.
New shopping malls such as MyTOWN Shopping Centre, IKEA Cheras and Sunway Velocity have given the Cheras area new vitality. The upcoming Bukit Bintang City Centre (BBCC) project in KL city will add to the appeal of living in Cheras with its improved accessibility to shopping, dining and entertainment options.
The BBCC is a mixed-use development to be undertaken on the former Pudu Jail site (19.4 acres) over the next 10 years.
The MRT effect
High-rise projects being developed near MRT stations (Sungai Buloh-Kajang line) in Cheras are expected to do well. For example, EkoCheras by Ekovest Bhd, located on freehold land on Jalan Cheras, which is 9km away from KLCC and with Taman Mutiara MRT station close by. Comprising serviced apartments, office units, hotel suites and a lifestyle mall, EkoCheras Mall. Launched in 2013 at RM700 psf, the units have a built-up area of between 831 sq ft and 1,300 sq ft. Being near Taman Mutiara MRT station means Cheras Leisure Mall is just a stone’s throw away.
Other parts of Cheras are boosted by the “MRT effect”. A total of 10 MRT stations are in the Cheras area – from Cochrane to Batu 11 Cheras stations. For instance, the Cochrane station serves as a direct public transportation access to MyTown Shopping Centre and IKEA Cheras. While most others lead to mature residential neighbourhoods such as Taman Midah, Taman Pertama and Taman Suntex.
As an established area with ample amenities, and new lifestyle developments and MRT stations, Cheras is expected to attract more investor attention.
Amenities and Facilities
Cheras Leisure Mall, the first full-fledged mall in the area, opened for business in 1996 in Taman Segar. And after 20 over years in operation, it is still considered a landmark and is one of the most popular malls in Cheras.
Established in end-2015, IKEA Cheras serves as another iconic landmark of Cheras. MyTOWN Shopping Centre and Sunway Velocity, which are located five minutes or 3.8km from KLCC in the Cochrane and Maluri areas, and the upcoming Bukit Bintang City Centre (BBCC) project nearby will add to the appeal of living in Cheras, KL with its improved accessibility to shopping, dining and entertainment options.
Established schools, medical facilities such as Pantai Cheras Medical Centre and Hospital UKM, and other amenities, have benefitted the people.
Education prospects within Cheras are not one to be taken lightly. It is renowned for good schools and institutes of higher learning. Home to one of the biggest, most well-affiliated nursing colleges in the Asia Pacific region, Masterskill College of Nursing and Health, Cheras attracts driven students from various parts of the country and the world.
Apart from that, the government is also heavily invested in constructing and expanding academies, particularly within the Bandar Tun Razak region. A fully boarding, upper secondary school already positioned within the region, Alam Shah Science School (ASiS) has been placed under the group of High-Performance Schools since 2011. Besides that, SM Sains Selangor is another residential school developed here.
Other recognised universities situated in different areas within the district include UCSI University and Kolej Teknologi YPC-iTWEB and Cyberbernetics International College of Technology (CiCT). Courses offered at UCSI range from music to medicine, making it an institute with a pretty diverse academic experience.
Cheras has several international sports facilities, consisting of football stadiums, badminton stadiums and swimming centres. The district also aided in hosting the 1995 SEA games and 1998 Commonwealth Games, so its amenities are top-notch.
|Project / TownShips||Type||Median Price Psf||Median Price||Filed Transactions|
|Sri Penara||Flat||RM 286||RM 184,508||356 Transactions|
|Taman Connaught (Sri Cendekia)||Terrace House,Flat,Condominium/Apartment,Detached House||RM 302||RM 409,824||245 Transactions|
|Taman Alam Damai||Terrace House,Town House,Semi-Detached House,Detached House||RM 404||RM 1,003,475||208 Transactions|
|Taman Miharja||Flat,Condominium/Apartment||RM 314||RM 234,331||204 Transactions|
|Suasana Lumayan||Condominium/Apartment||RM 403||RM 484,697||193 Transactions|
|Taman Midah||Detached House,Terrace House,Semi-Detached House,Flat,Condominium/Apartment||RM 417||RM 858,051||171 Transactions|
|Segar Apartments||Flat,Condominium/Apartment||RM 317||RM 345,625||161 Transactions|
|Angkasa Condominium||Condominium/Apartment,Flat,Hotel/Service Apartment||RM 449||RM 414,203||155 Transactions|
|Bayu Tasik Condominium||Condominium/Apartment,Flat||RM 422||RM 393,806||152 Transactions|
|Ketumbar Heights||Condominium/Apartment,Flat||RM 372||RM 303,301||140 Transactions|
Rent and Sale Prices in Cheras
|Bedrooms||Sale Price||Monthly Rent||Rental Yield|
|1||RM 507,679||RM 1,999||4.73%|
|2||RM 453,384||RM 2,164||5.73%|
|3||RM 433,740||RM 1,621||4.48%|
|4||RM 639,910||RM 2,398||4.5%|
|5||RM 1,216,886||RM --||--|
Price per Square Foot
|Sector||Price Psf (Non Landed)||Price Psf (Landed)|
|Area Average||RM 319||RM 378|
|State Average||RM 475||RM 508|