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No 5. Puchong
Estimated land area: 51.71 sq km
Estimated population: 400,000
Source: Department of Statistics Malaysia
The former mining town surrounded by Putrajaya, Subang Jaya and Bukit Jalil, Kuala Lumpur has transformed into one of the major commercial hubs in the Klang Valley and also one of the favourite spots for business owners and property buyers.
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Easy accessibility is its greatest advantages as Puchong is well connected to other business hubs in the Klang valley via major highways — LDP, KESAS and SKVE.
For the wage earners working in KL city centre or other places, the Ampang-Sri Petaling LRT also has several stations in the area, making it an ideal place for people who are looking for accommodations close to public transportation.
Terraced houses and condominiums (including serviced apartments) are the most transacted residential properties in Puchong. In first three quarters of 2020, a total of 91 terraced houses and 56 condominiums changed hands,
For the first nine months last year, Puchong recorded one semidee and two bungalow transactions, according to EdgeProp.my data.
In terms of pricing, all residential property types in Puchong have enjoyed steady growth from 2012 to 3Q20.
In 3Q20, terraced houses in Puchong averaged RM439 psf, while condominiums transacted at an average price of RM339 psf. The average psf selling price for semidees and bungalows were RM479 and RM403 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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