Prices Of Residential Houses In KL, PJ Set To Rise By 3-4 Pct This Year - Property influencer Sean Tan

By Karina Imran & Mikhail Raj

KUALA LUMPUR, Jan 6 (Bernama) -- Prices of double-storey residential houses in the Klang Valley, especially in Kuala Lumpur (KL) and Petaling Jaya (PJ), are expected to increase by 3.0 per cent to 4.0 per cent this year.

In making the projection, popular property influencer and YouTuber Sean Tan said this is particularly true in high-demand areas such as Desa ParkCity, Bangsar, and Mont Kiara in Kuala Lumpur. 

He said that for those eyeing residential properties in the Klang Valley, landed properties are continuing to perform well, especially in gated and guarded communities, as homebuyers seek safety and security.

“In areas like Desa ParkCity, where supply is limited, and the quality of living is high, we are already seeing prices skyrocketing,” he told Bernama after appearing on Bernama TV’s “The Nation” programme hosted by Gerard Ratnam.

However, Tan said that prices may reach a ceiling for general landed properties, especially in older neighbourhoods like SS2 and Kepong, due to affordability constraints and competition from newer, more secure developments.

He also said industrial properties are set to be the star performers in 2025, especially in Johor and the Klang Valley, with locations like Jelutong in Penang and Lagong in Selangor becoming hotspots. 

Overall, Tan said the property market this year is expected to witness a series of shifts shaped by economic conditions, infrastructure development and shifting buyer preferences.

To get the best deals based on their preference, he urged buyers to look at the data, understand the demand-supply dynamics and be aware of infrastructure developments that could dramatically affect property values.

“If you are looking for a first home, focus on finding a place that meets your needs at a reasonable price, but if you are looking to invest, make sure you are targeting areas with strong rental yields, limited supply, and a clear path to future growth,” he said. 

Elaborating on industrial properties with locations like Jelutong and Lagong becoming hotspots this year, Tan said they are driven by competitive land prices and the development of new infrastructure.

“Multinational companies are all coming in because our land is still cheap, and that drives a lot of townships around Klang Valley,” he said.

In addition, he said the completion of new infrastructure projects, such as the East Coast Rail Link from Kelantan to Selangor and the Light Rail Transit in Penang, will ensure that property sells better in areas traversed by these transportation linkages.

Against this backdrop, Tan said he sees Pahang, Kelantan and even areas like Puncak Alam as offering growth opportunities.

He said the success of industrial development and highways, like the West Coast Expressway, is transforming once-overlooked areas into promising locations for real estate development.

-- BERNAMA