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Notorious traffic congestions, controversial toll protests, puzzling road networks leading to a maze of housing
estates, these probably come to mind when the word Cheras is uttered among veteran KL-ites. But to those
domiciled here, theres absolutely no better place to call home.
The homey behavior of Cheras folks may be attributed to its history. Back in the 1960s, it attracted only the
blue collar workers and those from the lower and middle income groups. But despite the financially
challenged populace, Cheras was growing rapidly with huge undertakings of housing developments, leading
to an influx of new Cheras citizens. Thanks to this growth pattern, it claimed the title as the fastest growing
suburb in Kuala Lumpur at one time, attests William Goh, Head of Sales, Reapfield Properties (KL) Sdn Bhd.
Blessed with the abundance of housing and manpower, Cheras became the perfect platform for enterprising
individuals to hone their entrepreneur skills. The rest as they say is history. Those found Cheras to be their
fruitful hunting ground are still very much firmly etched in its soil today, choosing to reside here even when
more modern and well planned townships were built across Klang Valley. Second generation Cheras dwellers
too took a liking to continue calling this place home.
Bandar Sungai Long, Hulu Langat, Balakong and along the Silk Highway are prime candidates, says William.
Distant as it may seem, good news awaits as they have been earmarked as the next investment jewels.
I think the next growth area should be around Bandar Sungai Long like Mahkota Cheras, Twin Palms,
Saujana Kajang and some other new developments along the SILK Highway.
Historically, landed properties are said to generate between 5 to 6.5% in annual return with some going as
high as 8%. As to whether the properties here are more superior in capital appreciation or rental yields,
William explains that the newer properties tend to have an edge in appreciation while the older properties
would triumph in the rental market.
This is because the sale prices of new properties are always positioned to gain a rental return of between 5
to 7%. Only the older properties will see a better rental return, that too if they bought it a few years ago at a
lower price.
William also cites the preference to own rather than rent as a contributing factor to the appreciation prowess.
Thanks to the thriving economic activities, Cheras has stamped a mark as a lucrative business avenue
among KL suburbs. Apart from the enterprising residents, commercial and industrial properties in Taman
Shamelin, Bandar Tun Razak, Taman Midah, Pandan, Taman Cuepacs and Jalan Hulu Langat have all
played a part in contributing to its success. Today, brands like Tesco, Carrefour and Jusco have all found a
home here, not only do they make life convenient and pleasant but also lifting the intrinsic value of Cheras to
greater heights.
For an address that houses 500,000 people, traffic would indeed have been a nightmare if there were no
mega projects to ease the pain. With infrastructures such as Middle Ring Road 2, SILK Highway, KESAS
Highway, and the LRT in place, travel pressures have all eased into the history books. If these projects are a
reflection of the future, then Cheras can only accelerate its prosperity well over into the new housing estates,
peak hour or otherwise!
of
52%
over
years
or
10.4%
per
annum.
Rental Yield
Damai Perdana
Double storey link home, bought at RM250,000, monthly rental RM900, 4.32% annual yield.
Prima Midah Heights
Condominium, 4 bedrooms, bought at RM350,000, monthly rental RM1,400, 4.8% annual yield. If bought 5
years ago, RM230,000, 7.3% annual yield.
Whats
There
Now?
Retail malls like Jaya Jusco at Taman Maluri and Balakong, Cheras Leisure Mall at Taman Segar, UE3;
Hypermarkets like Carrefour Jalan Peel, Tesco Extra Taman Midah, Giant Taman Connaught.
Education institutions such as Sedaya College, University College Sedaya International and Masterskill
Nursing School.
rd
Recreational centers like the public park at the 3 mile Jalan Cheras and Bandar Tun Razak, Cheras Football
Stadium, public swimming pool and cycling valedrome at Bandar Tun Razak.
Governmental support like Road Transport Department (JPJ) at Sri Permaisuri, National Registration
Department at Bandar Tun Razak, police station 3
rd
Coming Soon?
st
rd
Expansion and upgrading of the Loke Yew Highway and the 1 to 3 mile of Jalan Cheras; extension and
new LRT across Cheras is being planned.
Accessibility?
Loke Yew Highway, Middle Ring Road 2, SILK Highway (Sistem LingkaranLebuhraya Kajang), CherasKajang Expressway, KESAS Highway (Konsortium Ekspresway Shah Alam Selangor), Taman Maluri, Taman
Miharja and Cheras LRT stations.
Population?
Approximately 500,000.
When you want to invest in a property youd want to buy in an area that has a fast
growing population because then there will be great demand for your property. You can
see examples from Hong Kong, New York or even Jakarta. So why not Cheras?