Serendah

Located right next to Rawang in Selangor, Serendah may seem like another laid-back town right now but it is a matter of time before it awakens from its slumber.

Although Wong and Toh agree that Serendah is in a strategic location due to its close proximity to the booming Rawang, it is currently still underdeveloped. However, several developers own large tracts of land in this town.

TA Global Bhd has acquired 193 acres in Serendah while Land & General Bhd owns over 150 acres of land there.

“The price of land in Serendah has not moved up much as there has not been any interesting property development there so far.

“There is a huge industrial land purchased by Supermax in 2013 covering 40ha. There is also the joint venture between Country Garden and Mayland for a 167.57-acre development in Serendah, which has not commenced yet,” says Toh.

Wong believes the property market in Serendah will pick up later. “It will need 10 to 20 years to see significant developments here. More developments will be expected in Rawang before they reach Serendah,” he says, adding that Serendah could be one of the property hot spots in the future, as it is only about 35km from Kuala Lumpur city centre.

He adds that the secondary property market has been encouraging, citing houses in Bukit Sentosa where the average price of double-storey intermediate terraced houses has increased by 38% from RM130,000 last year to RM180,000 this year.

EdgeProp.my data shows an uptrend in the average transacted price of landed homes in Serendah over the past five years. In 2013, the average transacted price was only RM26,000, but just one year later, it jumped close to six times to RM150,000.

Since then, the average price has grown steadily at an average annual increase of 9%.

Catalysts:

• The newly completed Rawang Bypass, which opened to traffic on Nov 29, 2017 without toll. It brings motorists from Kuala Lumpur to Rawang/Serendah in just 30 minutes.

• A KTM station at Serendah