Soft property outlook points opportunity in secondary market and southern Klang Valley

Homes in the secondary market and the southern corridor of Klang Valley are what buyers should look out for when property hunting in 2017, according to TAHPS Group Berhad (“TAHPS”) new Group ceo Eugene Khoo at a recently concluded talk held at Bukit Puchong sales gallery.

Khoo provided a preview of the future direction of TAHPS and share his views on Bukit Puchong’s remaining land bank of 600 acres.

Bukit Puchong located within the growth corridor of Southern Klang Valley, Bukit Puchong is set to benefit from the economic spill over impact from three federal government mooted projects – Malaysia Vision Valley, KLIA Aeropolis and Cyberjaya City Centre.

Under the Eleventh Malaysia Plan 2016 to 2020, the government had allocated a budget to strengthen infrastructure developments to support the economic expansion in Southern KL.

This includes the RM10bil Ampang LRT Extension Line that connects Sri Petaling to Puchong before ending at Putra Heights stations.

On top of that many developers offering attractive packages or rebates to entice purchasers to clear existing stock. Especially in the high rise category to increase affordability. One can expect to see an increase in studios being launched.

While Khoo notes that it will be difficult for purchasers to get end-financing as banks will continue to be very selective, he remains optimistic.

“If you are in the market for a property, now is the perfect time to buy — buy when no one else is buying.

“Today, the supply outstrips demand so there is an oversupply of property and developers need to clear stocks to generate cashflow,” Khoo pointed.

TAHPS Group Property Talk held at Bukit Puchong Sales Gallery which attracted around 150 attendees. - StarProperty