Earlier at the 4th Malaysian Property Summit 2011 held in January in Kuala Lumpur, Datuk Abdullah Thalith Md Thani, the director-general of the Valuation and Property Services Department in the Finance Ministry had identified some hot spot areas for property development in the Klang Valley.
In his paper on the Overview of the Malaysian Economy and The Malaysian Property Market, he cited among them the KL City Centre (KLCC) surroundings, Jalan Maarof in Bangsar, Jalan Raja Laut, Jalan Ampang, Jalan Bukit Bintang, Kampung Baru, Off Jalan Segambut, Sungai Buloh, areas in Petaling, Kajang-Semenyih in Hulu Langat and Sepang.
In the 2011 top 11 property hotspots in the Klang Valley (see bar chart below) identified by the 421 participants which is also organised by Swheng Tee International Real Estate Investors Club, KLCC emerged number one followed by Petaling Jaya (PJ), which also clinched No. 2 spot in Malaysia’s property hotspots contest.
Top placing KLCC received 248 votes from the 421 participants
PJ has matured as a city to offer lots of investment opportunities through the conversion of the usage of its buildings, old factories, vacant land, which boosts the redevelopment value of its properties.
Within the Klang Valley, Kota Damansara with its amenities, accessibility and vibrant lifestyle, came in third. Its commercial and residential enclaves are set to benefit from the proposed Klang Valley’s Mass Rapid Transit (MRT) Sungai Buloh-Kajang Line.
Bukit Bintang (BB), in the fourth placing, is one of Malaysia's premier shopping districts and tourism destinations. It is linked to the transportation hub at KL Sentral, which offers connection to the KL International Airport.
With two stations proposed to be at BB East and BB West in the Sungai Buloh-Kajang MRT line, it will become convenient andmore accessible to tourists and locals alike.
Other property hotspots in Klang Valley, which made it among the top 11, are Sungai Buloh in fifthplace followed byPuchong/Kinrara, Mont'Kiara/Sri Hartamas, Jalan Klang Lama/Kuchai Lama, Ampang, Bangsar/Damansara Heights and Bukit Jalil.
Other locations which fell within the top 33 positions are U Thant, Seputeh/Taman Desa, Bandar Utama, Kajang, Maluri Pandan, Subang, Cheras, Jalan Tun Razak, Sentul, Bandar Sunway, Equine Park, Shah Alam, Kepong , Seri Kembangan, Sri Damansara, Kelana Jaya, Klang, Wangsa Maju, Kota Kemuning, Setapak, Ulu Klang and Gombak in running order.
Some of these locations such as Klang, Kepong, Wangsa Maju, Kota Kemuning, Setapka, Ulu Klang and Gombak also made it within the 33 positions in Malaysia’s property hotspots contest category.
The royal town of Klang was ranked higher (12th position) in the Malaysia category.
A noticeable number of places like Kepong, Seri Kembangan, Sri Damansara, Kelana Jaya, Wangsa Maju, Kota Kemuning, Setapak, Ulu Klang and Gombak shared the same spots in both the Klang Valley and Malaysia contests.
These happened mainly to those locations placed near at the bottom end of the positions.