Master List of Properties in Bukit Jalil
| Project | Completion | Tenure | Build Up Size | Price |
|---|---|---|---|---|
| JRK Convena | 2024 | Freehold | 725 - 1,050 sq. ft. | from RM448,000 |
| The RoseWoodz | 2024 | Freehold | 771 - 1,155 sq. ft. | from RM635,000 |
| Maple Residences | 2025 | Freehold | 808 - 1,378 sq. ft. | from RM679,000 |
| Ren Residence | 2026 | Leasehold | 920 - 1,690 sq. ft. | from RM537,000 |
| Sunway Flora | 2026 | Freehold | 1,055 - 2,563 sq. ft. | from RM650,000 |
| Quaver | 2026 | Leasehold | 1,017 - 1,850 sq. ft. | from RM556,000 |
| The Jalil Residence | 2027 | Leasehold | 751 - 1,070 sq. ft. | from RM425,000 |
| D’Velada | 2027 | Leasehold | 1,012 - 1,389 sq. ft. | from RM776,000 |
| Ayanna | 2027 | Leasehold | 1,155 - 2,316 sq. ft. | from RM743,000 |
| Flex Suite | 2027 | Freehold | 376 - 591 sq. ft. | from RM380,000 |
Demographic of Bukit Jalil
According to a 2015 report by the World Bank Group titled “East Asia’s Changing Urban Landscape: Measuring a Decade of Spatial Growth,” Malaysia stands out as one of the more urbanized countries in East Asia.
The population of Bukit Jalil is predominantly Chinese, with Malays, Indians, and other ethnic groups following. It is gradually emerging as a desirable location for the middle-class and young working professionals, prompting numerous developers to invest in the area.
Target Demographic & Owner Trend for Property in Bukit Jalil
Target Market:
- Upper-middle-class residents.
- Upgraders from older areas like Sri Petaling, Puchong, and Seri Kembangan.
- Attracts both old and young families.
Property Ownership Dynamics:
- Most landed properties are owner-occupied.
- Newer non-landed developments attract investors.
- Potential for property value appreciation due to accessibility.
The urban area of Kuala Lumpur experienced significant growth during the period from 2000 to 2010, with the population expanding from around four million residents to 5.8 million. This growth resulted in a relatively high average annual growth rate of 3.8%. In 2010, Kuala Lumpur’s urban area claimed the eighth position on the list of the region’s largest urban areas. Surprisingly, it surpassed some megacities such as Jakarta, Manila, and Seoul, despite having a smaller overall population.
Bukit Jalil: New Growth Area with Great Potential
Here are some supplementary statistics and figures that may pique the interest of investors:
- The median transaction price of a condominium in Bukit Jalil stands at RM550 per square foot.
- Landed houses’ median transacted price in Bukit Jalil is RM1.5 million.
- On the rental front, the average monthly rate for condominiums in Bukit Jalil hovers around RM2,000 – RM3,000.
- Meanwhile, landed houses command an average monthly rental rate of RM5,000.
- The vacancy rate for condominiums in Bukit Jalil is a mere 0.5%.
- Landed houses boast an even lower vacancy rate of just 0.2%.
Bukit Jalil is seen as a new growth area in the south of Kuala Lumpur, says Rahim & Co director of research and strategic planning Sulaiman Saheh.
According to the latest data update from Brickz.my, the median PSF at Bukit Jalil for Residential Properties is at 486 Psf for the past 1 year.
Comprehensive Analysis: Is Bukit Jalil a Good Place to Invest?
Historical Context
Bukit Jalil, a suburban enclave in Kuala Lumpur, Malaysia, boasts a rich history. Originally, it encompassed an expansive 1,800-acre estate primarily dedicated to rubber plantations. However, the turning point arrived in 1998 when Malaysia hosted the Commonwealth Games. The National Sports Complex in Bukit Jalil served as the venue for the Games’ grand opening ceremony, catapulting the area into the limelight as a prominent sporting and entertainment hub.
Property Development Surge
In the wake of the Commonwealth Games’ success, Bukit Jalil witnessed an unprecedented surge in property development. Vista Komanwel, initially designed to house athletes during the Games, quickly garnered attention from corporate executives and professionals working in nearby institutions like the International Medical University (IMU), Technology Park Malaysia (TPM), and Asia Pacific University of Technology & Innovation (APU). This transformation from an athlete-centric enclave into a thriving residential and commercial area marked a significant shift for Bukit Jalil.
Strategic Location and Connectivity
Bukit Jalil’s strategic location played a pivotal role in its development. Featuring a direct exit from the KESAS Highway and proximity to the SMART Tunnel, it drastically reduced travel times to Kuala Lumpur’s city center. Additionally, its accessibility extended to other key areas, including Puchong, Kuala Lumpur International Airport (KLIA), Putrajaya, and Cyberjaya. The introduction of Rapid KL Bus and LRT (Light Rail Transit) stations further enhanced the area’s connectivity, making it increasingly accessible to residents and businesses alike.
Rapid Township Growth
Bukit Jalil is not only a thriving property market but also a rapidly growing township, with a population of over 200,000 people. This demographic expansion underscores the area’s attractiveness for both residents and investors alike.
Land Demand and Value
With the area’s rising popularity among both residents and businesses, the demand for space in Bukit Jalil surged. This heightened competition for land led to appreciating land prices, resulting in prospective buyers paying substantial sums for serviced apartments, flats, or condominiums in the region.
Assessing Investment Potential of Property in Bukit Jalil
Supply and Demand Analysis
Evaluating the investment potential of Bukit Jalil’s property market necessitates a thorough analysis of supply and demand dynamics. Between 2018 and 2022, over 10,000 residential units were scheduled for completion in Bukit Jalil and its surrounding regions. This significant number raised concerns within the real estate sector about the possibility of oversupply. It’s crucial to note that this analysis excludes projects in the planning stages during this period and three mega-developments: Paradigm City Garden, Bukit Jalil Sentral, and Bukit Jalil City.
The sudden surge in supply, particularly between 2015 and 2017, had a notable impact on the residential property market in Bukit Jalil, with property prices either remaining stagnant or experiencing a decline.
Factors Affecting Property Prices
Several factors contributed to fluctuations in property prices during this period. The implementation of the Developer Interest Bearing Scheme (DIBS) significantly impacted property prices. Additionally, changes in government incentives, such as the discontinuation of the 0% low payment package, influenced market dynamics.
Investment Potential Supported by Statistics
Here are some statistics and figures that underscore the investment potential of Bukit Jalil:
- Property prices in Bukit Jalil have registered an impressive average annual growth rate of 5% over the past five years.
- The average rental yield in Bukit Jalil stands at a favorable 5%, surpassing the national average of 4.5%.
- The vacancy rate in Bukit Jalil is strikingly low, clocking in at less than 1%.
- The population of Bukit Jalil is projected to grow by a substantial 20% over the next five years.
- The area is abuzz with over RM10 billion worth of infrastructure projects either planned or already underway.
These statistics and figures collectively indicate that Bukit Jalil is not only a desirable place to reside but also an attractive destination for investment. Property prices are expected to continue their upward trajectory in the coming years, while rental yields are anticipated to remain robust. Moreover, the area’s low vacancy rate underscores strong demand for rental properties in Bukit Jalil.
Considerations for Investors
Nevertheless, it’s essential for investors to bear in mind a few key considerations. Property prices in Bukit Jalil tend to be on the higher side. Additionally, the area can experience heavy traffic congestion during peak hours. Therefore, prospective investors should carefully align their investment goals and risk tolerance before diving into the property market.
These additional statistics and figures shed light on the comparative affordability of condominiums in Bukit Jalil when juxtaposed with landed houses. Moreover, rental yields for condominiums tend to outperform their landed counterparts, although investors should be cognizant of the inherent market fluctuations that condominiums may experience.
Pros of Living in Bukit Jalil:
- Accessibility:
Bukit Jalil benefits from excellent connectivity. It has a direct exit from the KESAS Highway and is close to the SMART Tunnel, which shortens the commute to Kuala Lumpur city center. Proximity to Puchong, KLIA, Putrajaya, and Cyberjaya makes it convenient for those working or studying in these areas.
- Public Transportation:
The presence of Rapid KL Bus and LRT stations has improved public transportation options, making it easier to travel in and out of Kuala Lumpur and nearby regions. Within walking distance, residents can access both the Muhibbah station and the Awan Besar station, both part of the Ampang Line. These stations connect to key areas in Kuala Lumpur, such as KLCC, Mid Valley, and Petaling Jaya. Numerous bus stops in the vicinity offer connectivity to various parts of Kuala Lumpur and the neighboring regions.
- Educational Institutions:
Bukit Jalil is home to educational institutions like the International Medical University (IMU), Technology Park Malaysia (TPM), and Asia Pacific University of Technology & Innovation (APU), making it a suitable choice for students and academics. Tzu Chi International School Kuala Lumpur, SJK (C) Lai Meng, and Sekolah Kebangsaan Seri Indah are also in close proximity.
- Recreational Facilities:
The Bukit Jalil National Stadium and Bukit Jalil Golf & Country Resort offer sports and recreational activities. The area also features parks and green spaces for outdoor enthusiasts.
- Commercial and Retail:
There are shopping centers like Pavilion Bukit Jalil and IOI Mall, providing shopping, dining, and entertainment options. Additionally, nearby commercial hubs offer job opportunities.
- Infrastructure Development:
The area has witnessed significant infrastructure development, including the construction of modern residential complexes and commercial spaces.
Cons of Living in Bukit Jalil:
- Traffic Congestion: Despite improved connectivity, Bukit Jalil can experience heavy traffic during peak hours, which may be a concern for commuters.
- Property Prices: Property prices in Bukit Jalil are generally on the higher side due to demand, especially for new developments. This can be a barrier for some homebuyers.
- Market Saturation: There have been concerns about oversupply of residential units in Bukit Jalil, potentially leading to price stagnation in the property market.
- Noise and Crowds: As a growing urban area, Bukit Jalil can be noisy and crowded at times, especially during events at the National Stadium.
- Limited Greenery: While there are parks and green spaces, some residents may find the area lacks extensive natural greenery.
Is Bukit Jalil a Good Place to Live for You?
To determine if Bukit Jalil is a good place to live for you, consider the following:
- Budget: Assess whether the property prices align with your budget and financial goals. Research the current market conditions and property options.
- Commute: Evaluate your daily commute and how it might be affected by traffic conditions. Proximity to your workplace or educational institution is crucial.
- Lifestyle: Consider your lifestyle preferences. If you enjoy sports, recreational activities, and shopping, Bukit Jalil’s amenities may be appealing.
- Property Type: Determine if the property types available in Bukit Jalil match your needs, whether you’re looking for an apartment, condominium, landed property, or other housing options.
- Future Growth: Research ongoing and planned developments in the area to understand the potential for property appreciation and future livability.
- Noise Tolerance: Think about your tolerance for noise and crowds, especially if you plan to attend events at the National Stadium.
- Schools: If you have children, consider the availability and quality of educational institutions in the vicinity.
Conclusion
Bukit Jalil offers a range of benefits, including accessibility, amenities, and educational institutions. However, it also has its challenges, such as traffic congestion and property prices. Your decision to live in Bukit Jalil should align with your personal preferences, budget, and lifestyle needs. Conduct thorough research and visit the area to make an informed choice that suits your requirements. Additionally, nearby supermarkets and shopping malls, including Sunway Pyramid, Mid Valley Megamall, The Gardens Mall, NSK Trade City Kuchai Lama, and Endah Parade Sri Petaling, provide convenient shopping options for residents