Prices of Landed Houses in Klang Valley to Rise 4% in 2025

CBRE WTW Valuation and Advisory Predicts Price Increase

According to CBRE WTW Valuation and Advisory Sdn Bhd, property prices in the Klang Valley are expected to rise around 3% to 4% this year, particularly for landed houses in Petaling Jaya. The associate director of research and consulting at the company, Mary Kurien, attributed this increase to land scarcity in the area and the rising cost of raw materials.

Land Scarcity and Rising Costs Drive Price Hikes

Kurien explained that the difficulty of purchasing a landed house in the Klang Valley, particularly in areas such as Petaling Jaya, Bangsar, Mont Kiara, Hartamas, and Subang, has led to a shortage of supply. As a result, prices are likely to rise as demand continues to outstrip supply.

New Landed Housing Schemes Coming Up, But Further from the City

Kurien noted that new landed housing schemes are being developed, but they are often located further away from the city, making them less appealing to some buyers. This has led to a shift in demand towards high-rise properties near Mass Rapid Transit (MRT) stations.

High-Rise Properties Near MRT Stations in High Demand

Kurien pointed out that there is a higher demand for high-rise properties near MRT stations, as these areas are expected to become more attractive once the MRT is completed. The noise and disturbance caused by the construction process have led to a decrease in property values, but once the MRT is operational, the area is expected to experience a surge in rental and investment activities.

Conclusion

In conclusion, the prices of landed houses in the Klang Valley are expected to rise 3% to 4% in 2025, driven by land scarcity and rising costs. With demand always outpacing supply, it is better to buy now to take advantage of potential price hikes.

FAQs

* What is the predicted price increase for landed houses in the Klang Valley?
The price increase is expected to be around 3% to 4% in 2025.
* What are the main factors driving the price increase?
Land scarcity and rising costs of raw materials are the main factors driving the price increase.
* Where are the new landed housing schemes being developed?
New landed housing schemes are being developed in areas such as Semenyih, Rawang, and Puncak Alam, which are further from the city.
* What is the demand for high-rise properties near MRT stations?
There is a higher demand for high-rise properties near MRT stations, as these areas are expected to become more attractive once the MRT is completed.