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Seremban: Not time yet for high-rise residential

Where are the property hot spots in Seremban?

Nilai, Bandar Sri Sendayan, Seremban 2, Seremban 2 Heights and Bandar Ainsdale would be the picks of PA International Property Consultants’ Ong Hai Chuan.

“Those hot spots are generally well-planned townships with housing, commercial, industrial and educational developments complete with other supporting amenities.

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“Of the housing projects, terraced houses priced less than RM700,000 at good locations with good size and building specifications are the most sought after,” Ong notes. 

For instance, Bandar Sri Sendayan is one of the modern township developments in Seremban, which has been gaining traction since its first launch in 2004 by Matrix Concepts Holdings Bhd.

The 6,000-acre former Felda land has been transformed into a vibrant integrated township today where some 55,000 people call home.

It consists not only of residential, but also commercial, institutional, high-tech industrial, agricultural and leisure components, with plans for malls, offices and hospitals in the future, poised to be a self-sustainable township that caters for all the local and outstation buyers.

More space at lower cost

Meanwhile, CBD Properties (Seremban) Sdn Bhd team manager Chong Ming Ming tells EdgeProp.my

that the luxury of spacious living in Seremban attracts city dwellers from the Klang Valley where land is scarce and therefore expensive.

“For RM500,000, you can only buy a mid-range condominium with two car parks and a tiny balcony in the fringe of Kuala Lumpur. Here in Seremban, for the same amount, you get to own a two-storey house in a gated-and-guarded community with amenities. This is one of the biggest selling points of Seremban homes.

“Most people look for a landed home in Seremban. Yes, there are young buyers who are looking at high-rise condominiums with facilities but I think high-rise is not the time to shine yet in Seremban,” Chong opines.

While the local Seremban homebuying power is holding, developers still need to court buyers from elsewhere to make up the numbers.

“Buyers from those staying outside of Seremban is crucial to the success of a new launch. Unlike before, people are now receptive to KL-Seremban travelling,” observes Chong.

Chong concedes that lifestyle is key with homeseekers these days and there is no denial that this is one area Seremban does not quite match up to what KL can offer.

“Seremban now boasts of amenities like a hypermarket, mall, international school and commercial hub. But if you like cafe or mall-hopping, Seremban has very limited choices compared to Kuala Lumpur. However, the distance between KL and Seremban is only an hour’s drive apart.

“And Seremban will continue to be developed while property prices in Kuala Lumpur will continue to climb in the future,” Chong concludes.

This story first appeared in the EdgeProp.my e-Pub on Dec 18, 2020. You can access back issues here.

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