Bangi Property Outlook In 2021
Bidding goodbye to the pandemic impaired 2020, we welcome 2021 with a renewed, optimistic outlook especially in regards with the property market. Given the low base impact of 2020, we expect financing from banks to be more liquid on the back of encouraging initiatives from the government like the extension of full stamp duty exemption for first time home buyers in a low interest rate environment. New property launches are expected to bolster demands especially in smaller towns in the outskirts of Kuala Lumpur like Bangi.
Appreciating Property Value In Bangi
Originally a small town that was surrounded by palm oil estates, Bangi had enjoyed a compounded annual growth rate of 5.7% with a median price of RM647k. Much of the growth was attributable to new developments in the Bandar Baru Bangi area, where various universities helped fortify demands from students and academic staff alike within the area.
Bangi Property – Home To Working Professionals
Bangi today is home to various government and private training centres including the Petronas Leadership Centre, Bank Simpanan Nasional Training Centre, Maybank Training Centre, and many more. In addition to serving as a catchment platform for working personnel from the private sectors, Bangi is also uniquely sandwiched between Kajang and Putrajaya and as such, enjoys a steady flow of public servants making Bangi their homes due to the availability of more affordable freehold landed houses. It is not an exaggeration to say that properties in Bangi are an indication to how well our government, and ultimately our public servants are doing by looking at the rapid developments in the past.
Bangi Property – Accessibility Concerns No Longer Valid In 2021
Despite its prominence as a self-contained township with its own endless set of amenities like schools, F&B hotspots, and hypermarkets, there were concerns that Bangi is not as well connected as compared to its neighbouring towns. We think that buyers will be able to find reprieve at the fact that in addition to the existing KTM Bangi station that will be linked to the upcoming East Coast Rail Link (ECRL) as an interchange station, there is also the potential Putrajaya monorail project that was shelved in the past due to technology constraints in the past. The resumption of the Putrajaya monorail project is expected to enhance route to Cyberjaya, Bangi, and Kajang. With all these developments underway with Bangi being one of the benefactors, we believe that concerns on accessibility will soon be a thing of the past.
Buyers Still Undecided On New Property In Bangi
Due to the depressed economy caused by the pandemic last year, most of the large ticket item purchasing decisions have been put on hold in fear of a worsening economy. While we do not consider ourselves as seers who are able to predict the future, we can say for a fact that vaccination efforts have been underway and recovery in the economy is expected to take place. If you are looking for a new property in Bangi, allow us to share with you this hidden gem that will spark the next wave of expansion in Bangi in 2021.
Southville City – The Place To Be In 2021
Strategically located just 19km away from Kuala Lumpur, this new integrated township built on a land measuring 428-acre is Mah Sing’s answer in Bangi. Southville City is set to be a supercity consisting of serviced apartments, link houses, retail and lifestyle hubs and various other amenities all combined to be a self-sustained living space.
Purchasing a property in 2021 is more than just buying the house itself according to the correct specifications, buying a property today entails getting the most desirable living experience. Most will agree since the lockdown imposed during the pandemic has definitely left a bitter taste, highlighting the need for an integrated living experience. Encapsulating both urban living and serene environment, Southville City has the best from both worlds that deserve a serious consideration.
