Puchong as a property investment

From small mining and plantation towns, Puchong have since seen rapid growth in properties since 1990.  What used to be a single two-lane road running through estate and villages filled with rubber estates and oil palm plantations are now experiencing the spillover effect of urbanisation from Kuala Lumpur city centre.

LIVEABLE PUCHONG
Puchong, once a haven for rubber and tin in the 1960s is no longer the same and has transformed into one of the fastest growing commercial and residential districts in Selangor, thanks to the pioneer developer in the township – IOI Properties Bhd, which was followed by other developers soon after.
The Puchong township appears to have successfully balanced out between development and nature with the Ayer Hitam forest reserve providing Puchong’s estimated population of more than 400,000 some relief from the concrete jungle – perhaps the near perfect place to start and raise a family for today’s modern Malaysians. The property market in Puchong has been going strong since its major developments in the 1990s and Conveniently located around the boundaries of Selangor and within close proximities of other progressive districts, Puchong have since experienced rapid development in the past years.

A PROMISING FUTURE HOLDS FOR PUCHONG
the price of properties in the township has never seen a negative trend, not even during the 1997 economic turmoil. With the light transit rail (LRT) making its presence in Puchong, the populace can expect easier and smoother traffic. The full extension system from LRT Ampang Line is expected to be opened and fully operational by March 2016.
According to James Tan, Associate Director of Raine & Horne International, this LRT extension will make Puchong part of the ‘Golden Ring’ encompassing Puchong, USJ, Subang Jaya and the areas around Sungai Besi bypass.

Currently, the main highways serving the Puchong area are the Damansara – Puchong Expressway (LDP) and Shah Alam Expressway (KESAS) other than Jalan Puchong.  The proposed Serdang-KinraraPutrajaya (SKIP) Expressway will help alleviate traffic congestions along the LDP during rush hours. The new highway stretching 17.5 km, will enhance the accessibility and connectivity of Serdang, Sri Kembangan and Kinrara.

Source: iProperty Magazine, Issue 132, FEB 2016. Page 40

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