The price of two-storey landed homes in the Klang Valley, especially in Kuala Lumpur and Petaling Jaya, is expected to go up this year.
In an interview with BERNAMA for a programme called “The Nation“, property influencer and popular YouTuber, Sean Tan or iherng, shared that this is especially true for high-demand areas like Desa ParkCity, Bangsar, and Mont Kiara in Kuala Lumpur.
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KL & PJ homes are expected to increase by 3% to 4%
Tan mentioned that two-storey landed homes in Kuala Lumpur and Petaling Jaya are expected to see a price increase of around 3% to 4% this year.
“Landed properties are still doing well, especially in gated communities with security, as buyers are giving more importance to the safety of their homes.”
He also pointed out that in places like Desa ParkCity, the limited number of residential units and the high quality of life have caused property prices to rise significantly.
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Older areas in PJ & Kepong could hit their maximum
However, Tan pointed out that land-based home prices in older areas like SS2 in Petaling Jaya and Kepong in Kuala Lumpur could hit their maximum due to limited buyer affordability and competition from new developments with better security features.
Property influencer, Sean Tan
He also expects industrial properties to do really well by 2025, especially in Johor and the Klang Valley, with places like Jelutong in Penang and Lagong in Selangor becoming popular hotspots.
Overall, the property market is expected to shift this year because of economic factors, infrastructure growth, and changing buyer preferences.
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“Find a home that fits your needs”
To get the best deals, Tan says homebuyers should get a grip on market data, demand and supply, and how infrastructure changes could affect property values.
“For first-time buyers, focus on finding a home that fits your needs at a good price. But for investors, look for areas with high rental yields, limited units, and long-term growth potential,” he said.
On industrial properties, he mentioned that places like Jelutong and Lagong are catching interest due to competitive land prices and new infrastructure developments.
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Tan also mentioned that new infrastructure projects like the East Coast Rail Link (ECRL) from Kelantan to Selangor and the Light Rail Transit (LRT) in Penang will help boost property sales in areas linked to these transport networks.
He also pointed out that places like Pahang, Kelantan, and Puncak Alam have great growth potential.
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