SEREMBAN — Developing markets which are halfway matured are very appealing to savvy investors because there is potential for growth on the horizon while on the road to the peak. This is especially so when the investor’s immediate market has reached a price level that has escalated beyond the means of the general masses.This is the situation in the Klang Valley, where investors are being forced to look beyond the region to find affordable investment opportunities. The recent growing interest in Seremban is a reflection of this drift.
IJM Land Bhd central region general manager Hoo Kim See said, “From the trend in the last three years, we see people coming from the Kuala Lumpur side. In Seremban 2, we used to have less than 10 per cent of buyers from the KL and now we have 20 per cent, and the interest is growing. The sudden surge of buyers from KL areas suggests that people are starting to take a closer look at the Seremban area.”
The development of Seremban 2 kicked off in 1995. With 19 years of past development and another 20 years of development ahead, it is on the threshold of a significant level of maturity, where the time is ripe for investors and home buyers to cash in.
Under IJM, the 1,500-acre S2 Heights was launched in 2007, expanding the Seremban 2 vicinity to a total size of 3,800 acres. To date, 500 acres of S2 Heights has been developed. The township project is situated on elevated land north-west of Seremban 2, giving it a vantage viewpoint of the entire capital city.
According to Hoo, Seremban 2 is an ideal place to raise a family.
“Seremban is the capital city of Negeri Sembilan; there are a lot of well-established infrastructure and schools, where people can be spoiled for choices,” he added.
“Back in the 70s and 80s, when people from other small towns moved in to the KL area to find jobs there, they were unable to buy in the city centre and had to look for alternatives in areas slightly further, like Cheras and Subang. But today, these places are expensive, where a semi-dee in Cheras can reach RM2 million easily. Hence, newcomers who want to live on landed property without sacrificing quality of life don’t mind travelling further, just like back in the 70s and 80s,” Hoo opined.
“In small communities like Seremban where everyone knows each other, people can leave their families behind with peace of mind when they travel to work in KL,” stated Hoo.
Last year, 70 per cent of the semi-dees in Saujana Duta’s Phase 1, within S2 Heights, were sold at RM1.6 million.
For those keen on jumping on the bandwagon in Seremban 2, Sophia @ S2 Heights was launched in early April. It consists of double-storey terraces sized from 2,231sq ft at RM532,800 onwards. Coming up in May will be 22 units of Summerset @ S2 Heights measuring 3,237sq ft and priced from RM941,800 onwards.
Upcoming launches include Phase 2 of Saujana Duta @ S2 Heights in August 2014, which will comprise double-storey bungalows standing literally head and shoulders above the rest on the highest point in Seremban.
The bungalows feature a contemporary design with wide frontages, priced from RM2.6 million onwards. Located within a gated-and-guarded enclave, units measure over 5,500sq ft with six bedrooms and seven bathrooms.
Apart from enjoying proximity to an established commercial hub, high connectivity through North-South Highway, Kajang Seremban Highway and toll-free road to KLIA and Putrajaya, Seremban 2 has good infrastructure, where 40 per cent of the land usage is dedicated to infrastructure and greenery, allowing seamless traffic around town. This is a plus point for those who are frustrated with KL traffic.
Additionally, there are six retention ponds in Seremban 2 to mitigate water usage and flooding. According to Hoo, the town planning considers prevention better than cure to create a better living environment.
Key infrastructure features include wide roads, underpasses, interchanges, six bridges, six lanes of dual-carriage way and direct link to Seremban 2 from the highways, underground utilities and covered drains, as well as a 50ft wide internal road with walkway. Most precincts within the development come with guard houses and perimeter fencings.
Five national schools serve the community, besides two Chinese primary schools, a Tamil primary school and a vision school. Other amenities that make Seremban 2 a desired residential area include shopping complexes, hospitals, a sports complex, eateries, banks and two recreation parks – a 15-acre City Park and a 30-acre Hill Park.
A new S2 Clubhouse will soon be ready by end of this year, boasting a built-up area of 39,000sq ft on 1.89 acres of land adjacent to the AEON mall with facilities such as a gym, swimming pool, badminton courts and cafés.
Other factors that will contribute to the value include a proposed stop in Seremban on the high speed rail link to Singapore and road widening to four lanes of dual-carriage way between Nilai and Seremban that is expected to be completed by December this year.
It is noted that prices of properties in Seremban 2 grew from 40 per cent to 170 per cent since 2005.
Credit: http://www.themalaymailonline.com/
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