|Build Up Size
|725 - 1,050 sq. ft.
|771 - 1,155 sq. ft.
|808 - 1,378 sq. ft.
|920 - 1,690 sq. ft.
|1,055 - 2,563 sq. ft.
|1,017 - 1,850 sq. ft.
|The Jalil Residence
|751 - 1,070 sq. ft.
|1,012 - 1,389 sq. ft.
|1,155 - 2,316 sq. ft.
|376 - 591 sq. ft.
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.
Property Ownership Dynamics:
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.
Here are some supplementary statistics and figures that may pique the interest of investors:
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.
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.
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.
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.
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.
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.
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.
Here are some statistics and figures that underscore the investment potential of Bukit Jalil:
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.
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.
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.
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.
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.
There are shopping centers like Pavilion Bukit Jalil and IOI Mall, providing shopping, dining, and entertainment options. Additionally, nearby commercial hubs offer job opportunities.
The area has witnessed significant infrastructure development, including the construction of modern residential complexes and commercial spaces.
To determine if Bukit Jalil is a good place to live for you, consider the following:
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