The challenge faced by most Malaysians is finding a suitable property to invest in.
Do you search for a property within your budget and settle for a house at your price point just outside the city? In doing that, you will need to consider factors such as good connectivity and strategic location for it to be a worthwhile investment in the long-term.
The surrounding township where the property is located can make a world of difference years down the road.
Subang Jaya was once a palm oil plantation situated next to an airport runway and Sunway City used to be a disused mining area that was completely barren even of greenery.
No prizes for guessing how much a property in either of these townships are worth today.
Choosing the right township for a property investment is even more important as house prices continue to spiral. A badly planned township can turn into a ghost town while a well-planned one continues to grow and cater to future generations.
We ask Malaysians what they want in a township
First and foremost, when you choose to invest in a property, what do you look for?
This is the question we recently asked Malaysians who are in the market to invest in property.
“That means I don’t have to drive two hours to get groceries or find a restaurant.”
Jasmine, 38, married with two schooling children said that for her, choosing a township would include a good school and daily necessities within convenient travelling distance.
On a successful township, she shared that “it must have less traffic jams and a well-planned public transport infrastructure if the township is situated away from the city.”
As for the developer’s track record, she stressed that it is crucial as “it is important for me not to have to spend more money on correcting defects in the property”.
“My cousin once fell victim to an abandoned housing project. It goes without saying that the reputation of the developer is definitely something I won’t compromise.”
Eddy, who is 32 and still single said that strategic location is key.
“I will never sacrifice the location of the township when buying a property. This is because anything of the property can change for the better over time, but the location never will. Also, location greatly affects the property’s future value, too.”
On connectivity & transportation, he points out that “well-planned road network for both motorists and pedestrians are something basic that a township should have. Also, the distance from the property to main public transportation points are important, too.”
“I look for good facilities like schools, shoplots, hospitals and access to the highway.”
Wai Mun, 37, father to a 3-year-old said, “it is important to consider the developer’ reputation and for me, the rental market in the township is also important.”
“Desapark City is one example of a successful township that comes to mind,” he suggested when asked to define a successful township.
“I want to see good amenities such as hospital, clinics, shopping centres, recreation centres, schools, etc.”
Syafiq, 33, unmarried and caring for an elderly parent opined that “it doesn’t matter if it’s a new or matured town, as long as it’s in a good neighbourhood,” when asked what he looks for in a township.
As for a successful township, he defines it as “very well organised development, good public transport, clean environment, low crime rate, good access in/out.”
Recent trends show more investors looking to townships
According to a research by global real estate agency Savills, millennials are choosing townships in the outskirts of the city due to affordability.
However, these satellite townships must meet their lifestyle expectations of transport accessibility to remain well-connected to the big city, retail, adequate food & beverages services and not forgetting, high speed internet access.
The report published in March this year further added that millennials look for townships that are self-reliant and provide infrastructures such as schools, shopping mall, hospitals and other facilities for daily necessities, as well as a well-connected infrastructure with public transportation.
As millennials are increasingly the source of reference for businesses to track trends, their choice of townships that are located away from the city is a sign of the growing popularity of townships, especially well-planned ones and they do not have to be located centrally anymore.
Therefore, looking away from the city for a neighbourhood that offers a better environment may be a good idea.
According to a real estate agent, the phenomenon of expanding neighbourhoods towards the suburbs is inevitable.
“With the urbanisation level of 90.8% (as in 2015) among Malaysia states, the urge to urbanise the development of suburbs is no longer a question waiting for an answer.
“Developers are keeping up with the pace of demography changes to cater for the majority home buyers, such as younger bachelors, smaller family size, full facilities, eco-friendly, modern layout with speedy Wi-Fi coverage, etc.,” Sue-Ann added.
The making of a great township
Most suburban townships today are standalone entities with a mix of residential, commercial units along with basic infrastructure such as power, water and drainage with the overall environment putting emphasis on sustainable living.
While the township is outside the city, the keyword is strategic location. The best integrated townships in city suburbs nowadays offer better connectivity to other locations, and the township’s masterplan incorporating infrastructure development helps ensure the continued growth of the township.
Successful townships also have a high liveability potential and possess basic amenities such as convenience stores, medical centres, recreation centres, malls and schools. The proven track record of the developer in completing past phases of the township as well as other projects successfully helps seal the deal for investors.
Latest Township Development by IOI Properties
Master planned to be the pulse of the southern Klang Valley, IOI Resort City is much more than just an integrated township. It serves a thriving community and is the attraction for many nearby neighbourhoods and townships which are underserved in the areas of entertainment and leisure.
Anchoring IOI Resort City are the highly popular IOI City Mall with an average visitorship of half a million a week and the magnificent 18-hole championship golf course which enhances the already lush greenery of the resort.
Surrounding this golf course with rolling greens are resort residences like Par 3 Condo & Condo Villa, the luxurious Clio Collection of Residences, and the latest vibrant Conezión Retail & Residences.
There are also the existing 5-star Putrajaya Marriott Hotel & Spa, Le Méridien and 4-star Palm Garden Hotel. As for working here, IOI Resort City is home to sleek Grade A offices like IOI Square and IOI City Towers.
Resort Living, City Conveniences
IOI Resort City has the advantage of being located in a central location and surrounded by established amenities and conveniences. Served by one of the best highway networks in the Klang Valley, IOI Resort City is connected by SKVE as the main entry and exit route. Other highways which enhance connectivity include:
- Lebuhraya Damansara-Puchong (LDP Highway)
- Maju Expressway (MEX Highway)
- Kajang Dispersal Link Expressway (SILK Highway)
- North-South Highway
- Besraya Highway
With this established network of highways, IOI Resort City is well connected to major cities like Putrajaya, Cyberjaya, Puchong, and Kuala Lumpur City Centre.
As for conveniences, there is a lot the community can look forward to within a 15 kilometre radius. These include:
- 4 shopping malls,
- 2 hospitals,
- 7 international schools,
- 3 chinese primary schools,
- 5 tertiary education institutions,
- 4 golf courses,
- 6 four- & five-star hotels.
With such dynamic growth taking place, IOI Resort City is poised to become the next benchmark sustainable development and the most liveable place in Malaysia.
IOI Resort City Properties which are ideal for Own Stay and Investment
The Clio 2 Residence with pricing of RM475k onwards
Sizes : 829sf to 1216sf
Rooms : 3 rooms
Conezion Residence starting from RM500k onwards
Sizes : 780sf to 1378sf
Rooms : 2 to 3 rooms
Par 3 Residences starting from RM880k onwards
Sizes : 1324 – 2250sf
Rooms : 3 to 4 rooms
Register Now to Enjoy Early Bird Rebates ! For viewing appointment, Call / Text / whatsapp Sam 012-6341950
Why Investing Here?
- 788 acres Township by Top 5 Developer in Malaysia
- All Properties within walking distance from IOI City Mall, being one of the biggest shopping mall in Malaysia
- IOI City Mall upcoming Phase 2 and 3
- Reasonable pricing of RM480psf to RM650psf for properties walking distance to shopping mall
- Freehold Status
- High Capital Appreciation
- The only township with 16 holes golf course
- IOI Resort City comprise of malls, commercials, office tower, hotels, golf and residential
- Located within 30 mins from KL City Centre, 20 mins to Puchong and KLIA