The post pandemic re-opening of borders has had a pronounced impact on the property market’s recovery. The return of international varsity students has boosted rental demand for suitable housing in areas within education hubs such as ss15 in Subang Jaya and Cyberjaya. Another factor boosting the property market is returning expatriate workers, again impacting areas which have a high concentration of multi-national companies.
Port of Entry
One such area that is seeing a marked increase in demand for quality accommodation is Setia Alam, Selangor. This demand is in part being fuelled to the township’s proximity to Port Klang.
Port Klang is the largest container port in Malaysia and one of the busiest ports in the world. The surrounding city of Klang is also a well-known industrial hub with large number of factories and international conglomerates making it their base of operations.
Both Port Klang and Klang city are easily accessible from Setia Alam via the North Klang Valley Expressway and the Sepadu Highway, making it an ideal home for the growing number of expatriates working in those locations.
A good indicator of expatriate demand is the number of international schools operating in the Setia Alam locale. Access to quality education institutions have always ranked high among expatriates and this need is met by the likes of Tenby International School, Peninsula International School Australia (Malaysia Campus) and Ardence International Secondary School. The number of international schools in the area certainly bodes well for investors looking to capitalise on expatriate demand for quality residential options.
The award-winning township has also attracted a lot of interest among property investors due to its well-thought out master plan, with education, healthcare and all other amenities required for a modern lifestyle conveniently located and easily accessible to all residents.
Setia Alam and nearby Setia Eco Park townships have won a number of awards locally and internationally, including the World’s Best Master Plan Development for Setia Eco Park in FIABCI International Prix d’Excellence Award 2007 held in Barcelona, Spain. In 2013, Setia Alam won the World’s Best Master Plan Development in FIABCI, held in Taichung, Taiwan. This bodes well for investors as property prices of such lauded developments are likely to increase over the coming years.
To find out more about potential investment opportunities in Setia Alam, please go to: https://www.edusentral.net/