Last year was a tough one for almost all property sectors. According to data from the National Property Information Centre (Napic), in 1H2020, Malaysia’s property market transaction volume and value decreased 27.9% and 31.5% respectively compared with the previous year. While most property consultants believe there should be some recovery this year, it will depend on the Covid-19 vaccine as well as the performance of the job market and economy.
Some consultants think there will be opportunities for investors in the auction market with foreclosures likely to increase, but others believe that owing to government intervention and the low interest rate environment, this might not be the case. On the other hand, this could be a golden opportunity for first-time homebuyers to purchase their dream home. However, as property is a long-term investment, the age-old advice of doing your homework and buying what you can afford continues to hold true.
Located in the foothills of Bukit Cermin, the township of Putra Heights has held its own since it was first developed in 1999. Comprising mainly residential properties, it has gained in value and is giving other townships such as Puchong and Cyberjaya a run for their money.
Enveloped by greenery, Putra Heights is bordered by Subang Jaya and USJ to the north and Bukit Lanchong to the south while the North-South Expressway Central Link (Elite Highway) cuts through the eastern part of the township.
Landserve Sdn Bhd managing director Chen King Hoaw provides a bit of background information on the development. “Putra Heights, launched in 1999 by Sime UEP Properties, is a self-contained township with a total land area of 727ha (1,796 acres). It is also part of the city of Subang Jaya,” he says.