Jumlah Penduduk Bandar Sentosa Klang

Taman Sentosa Naik Taraf ke Bandar Sentosa, Klang 2025

Figure 1: Index of house prices and construction cost, by state, 2008 - 2016. @ Adapted from KRI

What caused house prices to increase so much over the years?
Based on Figure 1, we can observe that costs for the elements of development such as land price, materials, labour, machinery and equipment have increased.


The 18-Year Property Cycle
According to report, analysts are optimistic about the outlook of the property market this year. See media report ~ ref here
Property sector recovery expected to continue in 2024. See media report ~ ref here

Where is Malaysia in 18-year property cycle?

Based on a 18-year property cycle, Malaysia appears to be in the recession phase, or a period after that, with a recovery expected in 2025, as suggested by a dip in growth and increased activity in 2024.
Here's a more detailed breakdown:

The 18-year Cycle:
The 18-year property cycle suggests that property markets go through a cycle of growth, followed by a period of decline, and then a recovery.

Recession and Recovery:
Based on this cycle, a recession phase (or the period after it) is followed by a recovery phase, with growth expected in 2025.

Increased Activity in 2024:
Recent reports indicate a significant increase in activity in the Malaysian property market in the first quarter of 2024, which could be an indication of a recovering market.

NAPIC Data:
The National Property Information Centre (NAPIC) recorded over 104,297 transactions worth RM56.

Affordability Remains a Key Factor:
Affordability continues to be a key factor in the property sector, with rising living costs and inflationary pressures presenting challenges for market recovery.

Cautiously Optimistic Outlook:
The outlook for Malaysia's property market in 2025 is cautiously optimistic, supported by encouraging statistics and factors like stable mortgage rates and tax reliefs.

FDI and Demand:
Foreign Direct Investment (FDI) is expected to continue driving demand, especially in the industrial, data center, and commercial sectors.

Challenges Still Persist:
Despite the promising signs, challenges such as rising living costs, inflationary pressures, and high unsold inventories remain.

Example of 18 year cycle
iProperty notes a recovery phase between 2001 to 2008 with a dip in 2004, and then another dip before a real good run hitting double-digit growth in 2013.

What makes a property much valued?
The presence of surrounding amenities also plays a part in determining the resale value of a property, which allows for a better return on investment.
With that being said, here are five surrounding amenities that make a property much more attractive:

1. Quality education institutions
It's always a bonus to have schools and colleges close to home.
It's a well-known fact that neighbourhoods with good schools improve a property's value. This is because many are willing to pay more for a home located in a desirable district.
Families with children or couples planning to have children in the future can scout for highly rated schools in the vicinity. Even if you don't have children, you can be sure that future home buyers with young kids will be on the lookout for schools and colleges close to home.

2. Retail necessities
Having commercial properties close to home is always a welcome feature.
Whether you need to pop by the supermarket for your weekly grocery run, or shop for garments at your favourite designer store, having commercial properties nearby is definitely a must-have if you are all about that urban lifestyle.
For properties in newer areas, look out for commercial shop lots or malls nearby that are currently in development. These could be an indicator of an up-and-coming commercial hub in the future that will benefit you.

3. Emergency services
A network of healthcare services close to home will give you peace of mind.
While this might not be at the top of your priority list, having fast access to medical and healthcare services is crucial in dire situations.
In the event you or a family member must be rushed to hospital, having emergency services close by ensures that you will receive medical attention in the soonest possible time, especially if it is just a 10- to 15-minute drive away.

4. Well-integrated public transportation and major highways
Easy access to major highways makes commuting to work and back a breeze.
It's no secret that properties located close to public transportation are in high demand. The added convenience of getting around via bus or train is what many home buyers look for, even if they have their own means of transport.
If you do own a vehicle, living in close proximity to major highways is a plus as it means you can reach your destination quicker.

5. Natural environment
Attaining the city life may be all the rage, but there's something to be said for the calming and relaxing nature of tranquil living.
Whether it's being surrounded by greenery or enjoying breathtaking views right from your window, being away from the hustle and bustle of the city will help you settle in for some much-needed peace and quiet after a long day.


How to Calculate (Compute) Built-Up area?
To calculate the built-up area of a two-storey house on a 1040 sq. ft. land, you would typically need the floor plan of the house. The built-up area includes the total area covered by the house, including all the floors and any projections such as balconies. One common way to calculate the built-up area is to add the total covered area of each floor, including any common walls, staircases, and other common areas. Keep in mind that different regions may have specific regulations or guidelines for calculating built-up area, so it's always a good idea to consult with a local architect or authority to ensure compliance with local regulations.

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