The median sale at Hulu Selangor, Selangor, Malaysia is RM 38,000
Hulu Langat is a region that spans Selangor’s Ampang, Cheras and Semenyih districts. The region south of the Klang Valley is getting more attention from property developers as the city is running out of development land. It grabbed more attention after a few major property players began developing Semenyih. Neighbouring areas to Semenyih such as Hulu Langat town near Ampang may enjoy some spillover from the development of Semenyih in the future.
“In the Hulu Langat region, prices of land have gone up substantially and have become expensive. This is largely due to the success of developments such as Setia EcoHill and Eco Majestic. The Kajang-Seremban Highway (LEKAS) has also opened access to these parts of the Klang Valley and contributed to the growth of the region,” Toh notes.
The transport infrastructure has further improved with the introduction of the MRT Sungai Buloh-Kajang Line.
VPC Alliance’s Wong believes that with improved connectivity and accessibility, the property prices in the region are expected to grow steadily.
Overall, prices of terraced houses in Hulu Langat have shown slow and steady growth. For instance, the average price for intermediate single-storey terraced houses in Bandar Tasik Kesuma in Beranang has risen slightly by 8% from RM240,000 in 2016 to RM260,000 in 2017.
“However, double-storey intermediate terraced houses in Taman Pelangi Semenyih 2 saw their average transacted price dip slightly by 8% from RM510,000 in 2016 to RM468,000 in 2017.
“The most recent significant transaction of development land would be 245 acres in Semenyih, Off Jalan Broga by Jian Wei Development Sdn Bhd in 2016, reflecting a price of RM1,067,220 per acre,” Wong adds.
Hulu Langat landed houses have always been in demand and prices have been growing steadily. According to data collated by EdgeProp.my, the average price gained 33% to RM186,500 in 2017 from RM140,000 in 2013.
Catalysts:
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The new MRT Sungai Buloh-Kajang Line.
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University of Nottingham Malaysia Campus in Semenyih.
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The opening of the LEKAS Highway.
Past Transactions
| Project / TownShips | Type | Median Price Psf | Median Price | Filed Transactions |
|---|---|---|---|---|
| Bukit Sentosa | Terrace House,Detached House,Flat,Condominium/Apartment | RM 134 | RM 189,712 | 1515 Transactions |
| Bandar Bukit Beruntung | Detached House,Terrace House,Flat,Condominium/Apartment,Low-Cost House | RM 133 | RM 188,637 | 1467 Transactions |
| Bandar Sungai Buaya | Terrace House,Detached House | RM 156 | RM 181,605 | 297 Transactions |
| Prima Beruntung | Terrace House,Flat,Condominium/Apartment,Detached House | RM 212 | RM 292,973 | 274 Transactions |
| Apartment Seri Inai | Flat,Condominium/Apartment | RM 69 | RM 54,608 | 116 Transactions |
| Apartment Seri Teluki | Flat,Condominium/Apartment | RM 93 | RM 71,872 | 87 Transactions |
| Pangsapuri Seri Tulip | Condominium/Apartment,Flat | RM 112 | RM 90,124 | 85 Transactions |
| Pangsapuri Seri Anggerik | Flat,Condominium/Apartment | RM 72 | RM 46,185 | 53 Transactions |
| Apartment Seri Bakawali (Bangau Idaman) | Flat,Condominium/Apartment | RM 70 | RM 45,136 | 44 Transactions |
| Pangsapuri Seri Cempaka | Flat,Condominium/Apartment | RM 80 | RM 48,425 | 33 Transactions |
Check out all transactions.
Rent and Sale Prices in Hulu Selangor
| Bedrooms | Sale Price | Monthly Rent | Rental Yield |
|---|---|---|---|
| 1 | RM -- | RM -- | -- |
| 2 | RM -- | RM -- | -- |
| 3 | RM 177,126 | RM -- | -- |
| 4 | RM -- | RM -- | -- |
| 5 | RM -- | RM -- | -- |
Price per Square Foot
| Sector | Price Psf (Non Landed) | Price Psf (Landed) |
|---|---|---|
| Area Average | RM 61 | RM 126 |
| State Average | RM 272 | RM 297 |