Where to property hunt in Malaysia

If you are looking for investment opportunities in Malaysia, there are two upcoming areas to watch out for. One is Iskandar Malaysia and the other is Sentul, Kuala Lumpur.

Major projects set to come onstream by 2011 in Iskandar Malaysia include 1Medini Residences in Medini North, campuses and facilities in EduCity such as Newcastle University Medicine Malaysia (NUMed), Netherlands Maritime Institute of Technology, a stadium and sports complex, International Student Village as well as the new Coastal Highway.

Medini is a mixed-use development which comprises a financial centre, lifestyle & leisure cluster and creative cluster.

Next to it is LEGOLAND Malaysia, set to open in 2012.

The launch of 1 Medini Residences will no doubt allow investors to tap onto the tourism and education sectors with the grand opening of a theme park and campuses within EduCity.

Corporate and retail investors can also purchase commercial units at Lifestyle & Retail Mall @ Medini, situated adjacent to LEGOLAND Malaysia.

There is also land available nearby to develop office towers, business hotels, and SOHO units.

Over at Medini North, there are plots of land available to develop the leisure and tourism industry.

By 2018, connectivity within Iskandar Malaysia will be further improved with the joint development between the governments of Singapore and Malaysia.
 
A Light Rail Transit (LRT) system connecting Singapore to Johor Bahru will be in place by then with the last stop at LEGOLAND Malaysia.

Such development would create demand for properties there.

Over in Kuala Lumpur, one upcoming area is Sentul.

I was there recently at the invitation of developer YTL Land & Development Berhad to view their urban renewal masterplan in Sentul.

Sentul is a historic area founded in the 1880s which served as the site of the largest railway workshop in Malaysia but has since deteriorated into a grimy area.

In 2002, YTL acquired 294 acres of prime freehold land here, which has now been divided into Sentul East and Sentul West.

In Sentul East, YTL will be launching two iconic residential towers called Capers in February.

The units will be launched at about RM550 per sq ft.

YTL’s regeneration has witnessed properties it developed here appreciating by more than 100 percent.

One case in mind is its condominium, Maple in Sentul West, home to internationally renowned shoemaker Jimmy Choo.

With YTL’s brand name, Capers is a good investment opportunity.

Enjoy your property hunt!