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Best Areas for First Time Homebuyers in KL

Updated 19 Oct 2018 – By Loanstreet


“The ache for home lives in all of us, the safe place where we can go as we are and not be questioned.” – Maya Angelou.

Shelter. A safe space. A place to call home. Your own little corner in this vast, unforgiving world. Everybody wants to have a place where they can let down their guards and just be themselves, right?

Whether it’s a bachelor pad you seek, or a home to raise your children in, buying a first house is an intimidating thought for most people. Even moreso when you’re looking to buy a house in Kuala Lumpur or its surrounding areas. KL is home to the highest house prices in Malaysia, so who wouldn’t be concerned? How much do I need to buy affordable housing? Which home loan should I take? Bumi or non-bumi? You surely have many questions, right?

Well, we won't answer all every single one of those questions in this one article - the topic is far too large -, but we will tell you the places you should look at if you're looking for your first home. Read on to find out about the best areas for first time homebuyers in the Klang Valley area!

1.0 Cheras

Cheras is a suburb southeast of KL that is adjacent to both Ampang and Kajang. It is conveniently placed, as it provides easy access to KL, Kajang, the Middle Ring Road 2 (MRR2), Jalan Kuching, the Maju Expressway (MEX) and Jalan Mahameru just to name a few places.  

Below are some notable areas in Cheras for first time homebuyers:

1.1 Taman Segar Ria

Best Areas for First Time Homebuyers in KL-Taman Segar Ria

Neighbouring areas: Bandar Sri Permaisuri, Ampang, Kajang

Taman Segar Ria has a high variety of property types. For first time homebuyers, the low-cost apartments may be a suitable choice. In the current 2016 market, it is possible to negotiate for a more favorable price of around RM150,000, depending on the seller and the details of the property of course.

It’s also worth noting that with the MRT project slated for completion by 2017, house prices will increase, with the low-cost apartments expected to be valued at around RM200,000 after completion of the various MRT stations in Cheras.

Besides the soon-to-be-completed MRT stations, the Taman is also located within reach of Leisure Mall, IKEA Cheras, downtown Kuala Lumpur, and Kajang, to name a few places.

1.2 Bandar Sri Permaisuri

Best Areas for First Time Homebuyers in KL- Bandar Sri Permaisuri

Neighbouring Areas: Taman Segar Ria, Ampang, KL

The property types in this area are more limited, with condominiums and apartments being the main types of housing. Sri Penara is a notable low-cost apartment in the area that could be of interest to first time homebuyers. Do note that traffic in the area can be slightly congested.

The area has access to many amenities such as banks, shops, restaurants, and public transport. Properties in Bandar Sri Permaisuri will also be positively affected by the soon-to-be-completed MRT project. Besides the MRT stations, Bandar Sri Permaisuri is close to many LRT stations like LRT Bandar Tun Razak, LRT Cheras, and LRT Salak Selatan.

2.0 Puchong

Puchong is a major town in the Klang Valley area. It is home to both local and foreign banks, and has a multitude of shopping malls and business centers that makes it a bustling area that’s full of opportunity.

2.1 Bandar Puteri Puchong

Best Areas for First Time Homebuyers in KL- Bandar Puteri Puchong

Neighbouring areas: Damansara, Sri Kembangan, Serdang, The Mines, Petaling Jaya    

The low cost apartments in Bandar Puteri Puchong are ideal for first time homebuyers. With the extension of the Ampang line LRT route slated to complete in the second quarter of 2016, residents of Puchong will be able to access the Starline LRT network via the soon-to-be-completed Puchong Jaya LRT station.

This area is also home to IOI Mall and AEON BiG Puchong, as well as a variety of other amenities. The LDP provides access to KL and the Kesas highway, and new exits on the MEX highway provides easy access to Seri Kembangan, Serdang, Puchong, as well as KLIA.

2.2 Bandar Kinrara Puchong

Best Areas for First Time Homebuyers in KL- Bandar Kinrara Puchong

Neighbouring areas: Klang Lama, Bandar Puteri Puchong, Cheras

Properties in Bandar Kinrara Puchong are mostly condominiums and apartments. It has access to the federal highway and Kesas, and shares many of the same benefits that Bandar Puteri Puchong enjoys

This area is conveniently situated for people who work Putrajaya, which is a 20 minute drive away. As such, it is highly recommended for government servants who work in Putrajaya.)

3.0 Wangsa Maju

Best Areas for First Time Homebuyers in KL- Wangsa Maju

Neighbouring Areas: Gombak, Ulu Kelang, Taman Melawati, Setiawangsa

Wangsa Maju is a bustling township that boasts easy access to the DUKE highway, Middle Ring Road 2 (MRR2), and the Ampang-Kuala Lumpur Elevated Highway (AKLEH).

The things that are near a property can majorly affect its price. With an abundance of amenities and eateries all along Jalan Genting Klang, Wangsa Maju is a great place for students and office workers alike.

Along Jalan Genting Klang, which runs through Wangsa Maju and Setapak, you can find Kolej Universiti Tunku Abdul Rahman (KUTAR), Hospital Columbia and Setapak Central (formerly known as Festival City Mall). Other shopping areas in the vicinity include AEON BiG Wangsa Maju, Wangsa Walk, AEON Wangsa Maju (opposite Wangsa Maju LRT station).

In terms of public transport, the most notable access points are the Wangsa Maju and Taman Melati LRT stations, which fall under the Kelana Jaya line. Wangsa Maju station also acts as a  hub for many bus routes.

4.0 Sri Damansara & Damansara Damai

Best Areas for First Time Homebuyers in KL- Sri Damansara & Damansara Damai

Neighbouring Areas: Mutiara Damansara, Shah Alam, Sungai Buloh

Sri Damansara and Damansara Damai are areas that are rife with development at the moment, with many condominiums being built. It is a good area with potential for capital appreciation due to the MRT project as well as its access to various areas like Sungai Buloh which is 10 minutes away, Shah Alam which is 15 minutes away, and Mutiara Damansara, which boasts shopping areas like IKEA, The Curve, and 1 Utama, and is also 15 minutes away.

Conclusion

It’s a buyer’s market now, so the question is: will 2016 be the year you buy your first home? We hope that this article has given you a good idea on the places in the Klang Valley that you should be looking at, and if you do manage to find a property that’s perfect for you, remember that Loanstreet is here to help you find the best loan for it too! Good luck.

The above information has been generously provided to us by Ricky Shahputra and Shamim Munizar, two licensed real estate negotiators who are well versed with properties in the Klang Valley area.

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