Dengkil

We may be more familiar with Cyberjaya than its neighbour Dengkil, but the area could benefit from the growth of the southern Klang Valley corridor.

In early 2017, PR1MA Corp bought 19.03 acres of land in Dengkil from Gabungan AQRS Bhd. At the same time, Mitraland Group announced its partnership with Gema Padu Sdn Bhd to develop two sites of more than 40 acres in Dengkil. In 2016, LBS Bina Group Bhd announced the development of a 638.2-acre integrated township in Dengkil.

“Klang Valley’s development is moving towards the south — therefore, the Dengkil and Sepang areas could be the next growth corridors.

“Land prices are slowly rising with large tracts of agricultural land that has residential or industrial development potential moving above RM10 psf, while converted industrial land is between RM50 psf and RM60 psf. Converted residential land plots are about RM30 psf to RM40 psf. Commercial parcels are RM70 psf to RM100 psf,” Toh shares.

Commenting on the performance of existing properties there, he says it is growing steadily.

“Based on our research of the secondary property market there, the average transacted price of double-storey intermediate terraced houses in Bandar Nusa Putra, Dengkil has increased slightly by 7% to RM590,000 in 2017 from RM550,000 last year.

“Meanwhile, the average transacted price of single-storey terraced houses in Bandar Pinggiran Cyber has appreciated by 9% from RM330,000 in 2015 to RM360,000 the following year,” says Wong.

According to EdgeProp.my data, transaction prices of landed homes in Dengkil for the past five years have fluctuated widely. The average transaction price in 2013 was RM194,000 and once rose 4.4% to RM202,500 in 2016. However, it plunged 18.5% to RM165,000 a year later in 2017.

Catalyst

• Neighbouring Cyberjaya is adjacent to Putrajaya, Malaysia’s seat of government and close to the Kuala Lumpur International Airport.

• One of the main stations for the proposed MRT (Mass Rapid Transit) Sungai Buloh-Serdang-Putrajaya Line will be in Cyberjaya. Cyberjaya is about 10 km away from Dengkil.