Bandar Sri Damansara

I was reading this week TheEdge paper for this week. In the City & Country Section, there is a article by Wong King Wai - Prices stabilise after several quarters of growth. From the statistics shown by CB Richard Ellis, Y-o-y growth for 1 storey terraced houses is 28%, 2-storey terraced houses SD7 is 27.91%. SD10 is 41.03% and highrises is 20%. This indicated that interest on Bandar Sri Damansara(BSD) is picking up healthily. Why is BSD become the prime target for home buyers? Below are some of the points which i think impact the price positively.

Good Points for BSD

1. Next to Desa Park City, Sunway SPK and Sierramas
2. There are less high-rise apartments and mostly are landed double storey terraced houses.
3. There is not much low cost apartments and houses except few blocks in Persiaran Meranti.
4. Private School and college in BSD
5. Adjacent to Mutiara Damansara, Damansara Perdana and Bandar Utama
6. Near to few major hospitals e.g Sg Buloh, Selayang, and Damansara Specialist

Future Prospect of BSD

1. 8trium shopping mall will complete BSD as a complete township
2. Damansara Avenue (high class development) within BSD
3. Bypass road to connect Damansara Damai and BSD(if it happens) - not sure good or bad point

Disadvantageous of BSD

1. Matured township not much mega launch by L&G in BSD expected
2. Not much mega commercial viable shoplots compared to Desa Aman Puri and Bandar Manjalara so can consider a pure residential area with some shoplots to cater for daily need s.

Conclusion

BSD recent price hike is mainly due to the spillover effects of Desa Park city and Sierramas. Nevertheless BSD is a well plan township that have wide roads and no bottle necks zone as it is mainly develop in a big circular shape. (if you view it from google map). Upside of further price increase will really depends on the nearby RRI and MRT project.

For more information about BSD you can go to the official website http://www.sridamansara.com.my/ for more information

Up and coming areas in Klang Valley that property buyers should lookout.

Evertime, when people tell us that the price of property have appreciate by this much and that much. We always tell ourselves why we never buy that asset that time even we can afford it. The reason is very simple we do not dare to risk it when the area is still under-developed and less access road to that area. Take Puchong and Kota Damansara for example, during the early 2000s, Puchong and Kota Damansara(Mutiara Damasara) only got a big Tesco hypermarket erected in the middle of nowhere. Look at these areas today, it is consider prime and central location. Even Hilton is setting up hotel in Puchong. We should also take notice from where is the next big Tesco hypermarket as they always give us some reference where is the next up and coming area. However below are some areas i think will be booming soon and those budget buyers can get cheaper home in these areas.

1) Government lead development zone. RRI in Sg Buloh, Batu Cantonment in Jalan Ipoh, Sg Besi Airbase and Jalan Cochrane/Peel. These megazone will be the next up and coming location regardless of commercial or residential

2) Rawang. Although this place is still consider far for KLites but it will serve as a central location for RRI Sg Buloh and northern part of KL (Batu Caves, Selayang and Gombak corridor). As the train hub in Rawang will serve this area well in the coming future.

3) Serdang, Seri Kembangan and Balakong regions. This area is still quite under develop

compare to the north and south of this part of the region. To the north, you got TPM, Desa Petaling and Kuchai Lama(Another good area to invest) and to the south you got Cyberjaya, Putrajaya and Bangi.

The rest are quite further out of Kuala Lumpur such as Bkt Jelutong to Meru region, Ampang region, and Cheras-Ampang region.