KUALA LUMPUR: High and still-rising prices for land and houses in Kuala Lumpur and Petaling Jaya are the main factors that make Rawang look attractive to home buyers, says Derek Chew, director of DA Land Sdn Bhd.
"Rawang has been 'sleeping' for many decades but now there is only one direction for the area - up.
"Considering that areas around Rawang, the surrounding developments like Selayang, Sungai Buloh and Bukit Beruntung have reached their respective fringes, it can only get better for Rawang," he told Business Times in an interview recently.
The results of this priming process are the relatively attractive property prices in Rawang and it is the right place for those looking for an "integrated lifestyle", Chew added.
The integrated lifestyle refers to gated or guarded developments which have amenities like clubhouses, swimming pools, jogging or cycling tracks as well as parks, of which Rawang has plenty to offer.
"The price of link houses starts from RM500,000 and all the way to RM1 million, which is perfect for buyers in the market made up of young people with high-income or those who are starting a family or looking for a safe and healthy environment to raise their families."
Chew said around 80 per cent of the investors in the Rawang property market in recent times are from outside Rawang, namely from areas such as Petaling Jaya, Subang, Selayang, Kepong and Sungai Buloh.
He said Rawang is much closer to Petaling Jaya, Shah Alam, Taman Tun Dr Ismail, Bangsar, Subang, USJ and Sungai Buloh than most people realise.
"It takes just 15 minutes to travel between Rawang and Petaling Jaya," said Chew.
"It takes time for the public to appreciate the convenience of Rawang as a location, but things are changing fast."
As a result, property prices in Rawang are set to appreciate as buyers are now looking at the town as a cheaper alternative to buying homes in Petaling Jaya or Kuala Lumpur, said Chew.