Locations with the most clicks in 2020: No 2. Petaling Jaya

No 2. Petaling Jaya
Estimated land area: 97.2 sq km
Estimated population: 632,479
Source: Petaling Jaya City Council

Developed in the 1950s, Petaling Jaya (PJ) was created as the satellite city to relieve the overpopulation faced by Kuala Lumpur. The former was subsequently granted city status in 2006.

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The locations with the most clicks in 2020 are …
Locations with the most clicks in 2020: No 1. Shah Alam
Locations with the most clicks in 2020: No 3. Cheras
Locations with the most clicks in 2020: No 4. Klang
Locations with the most clicks in 2020: No 5. Puchong

Surrounded by KL to the east, Sungai Buloh to the north, Shah Alam and Subang Jaya to the west and Puchong to the south, it makes PJ one of the most preferred addresses for homebuyers and business owners.

Over the years, the urbanisation process has transformed PJ, making it the home of many business hubs in the Klang Valley, such as SS2, Bandar Utama, Damansara Uptown, Kelana Jaya, Mutiara Damansara and Ara Damansara.

PJ has access to the national highway system — North-South Expressway via Kota Damansara, Damansara and Subang. Internally, it also has highways that connect the major business hubs in PJ and the Klang Valley such as LDP, Sprint Expressway and Federal Highway.

Sultan Abdul Aziz Shah Airport (or Subang Airport) and Subang Skypark are also located in PJ, which offer domestic flights and some international flights as well as chartered flights services.

Terraced houses and condominiums are the most transacted property types in the residential segment. In 3Q20, some 70 terraced houses were sold while the condominium segment saw 33 transactions. During the same period, eight semidees and 11 bungalows changed hands.

The robust demand has supported the price growth of residential properties in PJ. However, there aren’t any new landed property launches in recent years due to land scarcity. Hence, property buyers who are keen in buying landed properties have been eyeing secondary properties in the older parts of PJ, such as SS2, SS3 and Section 17.

In terms of pricing, average transaction prices of residential properties in PJ are the highest among the five most-searched locations.

In 3Q20, terraced houses in PJ sold at an average price of RM470 psf while the selling price of condominiums averaged RM451 psf. Transaction prices for semidees and bungalows averaged RM368 and RM283 psf respectively.

This story first appeared in the EdgeProp.my e-weekly on Feb 12, 2020. You can access back issues here.

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