MEDAN PUTERI SHOP

Housing areas with highest price growth

There are more than 10 completed housing estates in Rawang with one of the earliest being Taman Sri Rawang by Sin Heap Lee Development Group back in 1985. The development offers mostly 1.5-storey and 2-storey terraced houses.

Meanwhile, VPC Alliance’s Wong says the consultancy found that the top three performing housing townships in Rawang in terms of capital appreciation so far are Bandar Tasik Puteri, Taman Rawang Perdana and Taman Bukit Rawang Jaya.

The 2,670-acre Bandar Tasik Puteri is 30 minutes away from Kuala Lumpur and surrounded by amenities such as a golf club, schools, shopping mall and is only a short distance to an interchange under construction that connects to the LATAR Expressway. According to Wong, terraced houses recorded an average of RM152 psf as of June this year compared with RM131 psf last June, a 16% year-on-year (y-o-y) increase.

Closer to Rawang’s old town is Taman Rawang Perdana, which consists mainly of 2-storey terraced houses. According to data provided by Wong, double storey terraced houses with built-up sizes of 1,539 sq ft have been sold at RM312 psf as of June this year compared with RM299 psf last June. Next to Taman Rawang Perdana is Taman Bukit Rawang Jaya. It is also a double storey terraced housing development with smaller built-up sizes at an average of 900 sq ft. The transaction price psf grew 9.2% y-o-y to RM178 psf as of June this year from RM163 psf a year ago.

“Terraced properties that are closer to the Rawang town centre such as Kota Emerald and Bandar Country Homes saw a slight price increase in the current slow market, whilst prices of terraced properties located near to the highway were stagnant,” Wong says.

LaurelCap’s Toh says Rawang is one of the bright spots for investors in the current market slowdown. “Notable developers which have had a footing in Rawang for several years include GuocoLand Bhd (developer for Kota Emerald) and Hong Bee Land (developer for Anggun City). Over the last five to six years, developers here registered very encouraging sales especially for their 2-storey terraced houses,” Toh says.

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