Bukit Jalil: The Next Investment Hotspot

Bukit Jalil is a suburb of Kuala Lumpur, Malaysia located in the centre of vibrancy; with the National Sports Complex on the east, the Shah Alam Expressway on the north, city boundaries to the west, and the Puchong-Sungai Besi Highway as well as city boundaries to the south. It was known as the Bukit Jalil Estate until 1992 when it was developed into the National Sports Complex for the 1998 Commonwealth Games.

The Executive Director of Malton Berhad, Hong Lay Chuan which developed the Bukit Jalil City said “The Bukit Jalil suburb has come a long way since the place was developed into the National Sports Complex for the 1998 Commonwealth Games. Today, Bukit Jalil is seen as a new growth area in the south of Kuala Lumpur with fast growing population and is well connected by a synergy of roads, highways and public transportation. It also houses the International Medical University, Technology Park Malaysia, and the Asia Pacific University of Technology & Innovation.”

“We envision Bukit Jalil City which spans over 50-acre of prime real estate to soon become an iconic landmark for the Bukit Jalil suburb in the south of Kuala Lumpur offering cosmopolitan living and vibrant destination for business, shopping, dining, leisure and entertainment experiences,” Hong added.

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The Director of VPC Alliance, James Wong said most of the high-rise residential properties prices in Bukit Jalil are showing an upward trend except for KM1 Bukit Jalil, Green Avenue, The Treez Jalil Residence and Z Residence.

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According to Wong, the KM1 and Kiara Residence 2 are developments with DIBS scheme which reflects an artificial hike in the property price during launched date.

He said KM1 that was completed in 2014 and market with DIBS scheme is showing price adjustments or corrections, a slight decreased of about 2%.

Wong added another reason for the price to remain stagnant in Bukit Jalil is due to the sudden huge completion developments in between 2013 and 2014.

Nonetheless, he said the oversupply issue will fade out: “Oversupply of high-rise residential development might be the concern in the short term when the newly launched projects are completed between 2016 and 2019. But because of the scarcity of land in KL, in the long term, the property prices and supply in Bukit Jalil will eventually meet an equilibrium point, driven by the freehold status, close proximity amenities such as highways, LRT stations, etc.”

BUKIT JALIL CITY

There are a lot of big developers currently in Bukit Jalil area, namely Berjaya Properties with its KM1 East @ Bukit Jalil and The Link 2 Residences @ Bukit Jalil, Trinity Group with its Z Residence, Bukit Jalil Development with Aurora Place @ Bukit Jalil and Aurora Sovo @ Bukit Jalil, Malton Berhad with Bukit Jalil City and many more.

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Bukit Jalil City, an urban metropolis in Malaysia, is set to create a new dimension of an integrated community development that transcends the diverse lifestyle needs of the urban population with wellness, convenience, leisure, and connectivity at one connected location.  Its tagline ‘Connecting Lifestyle, Living & Luxury’ truly defines what iconic Bukit Jalil City development offers. Apart from offering the best-in-class shopping experience, the sustainable and well-connected community are assured of a refreshing gateway via three special built pedestrian bridges connecting residents to the largest 80-acre public park in the Klang Valley.

When asked the reason for choosing Bukit Jalil to develop the project, Hong said “We recognise the potential growth of Bukit Jalil within the nodes of KL as it is well positioned in terms of location and accessibility.  Bukit Jalil is well-equipped with the superb infrastructure and public facilities which is boasted by the nearby Commonwealth Village, LRT stations, Bukit Jalil Sports Complex, Bukit Jalil Golf & Country Resort, International Medical University and the 80-acre Bukit Jalil Recreational Park.  More importantly, it is strategically located with excellent connectivity to KL city centre, Petaling Jaya and the Southern corridor via a network of highways and LRT services.”

Hong added, “Through the strategic collaboration between the two dynamic and powerful brand names; Malton and Pavilion, Bukit Jalil City offers strong concept, branding and delivery. The iconic development of Bukit Jalil City is the Pavilion Bukit Jalil mall, one of the country’s largest shopping mall to be managed by the award-winning Pavilion Kuala Lumpur retail planning team.  Pavilion Bukit Jalil will bring the best-in-class shopping experience and aspires to be the ultimate cosmopolitan shopping hub to attract the increasing affluence of the surrounding populace and tourists.”

Residents, office workers and shoppers are assured of a refreshing getaway through a direct access to the 80-acre Bukit Jalil Recreational Park via three special built pedestrian bridges. With all amenities within walking distance, Bukit Jalil City showcases the best of everything that a development has to offer in one inspiring community development, making it a preferred place to live, work and leisure.

“Bukit Jalil City, an integrated community development which sits on a 50-acre freehold land in the heart of Bukit Jalil is no exception,” explained Hong. “This masterplan is crafted on the cornerstones of accessibility, connectivity, innovative concepts and designs, generous open spaces, amenities, facilities, multi-tiered security and quality. Amenities and facilities within Bukit Jalil City are thoughtfully planned and created for all ages and community types. High levels of thoughts have gone into the planning and execution to enable homebuyers to reap the benefits and enjoy the extensive amenities that are already in place.”

“Infrastructure will be built to improve the accessibility for the growing population in coming years. Our luxury service apartments called ‘The Park Sky Residence’ are equipped with quality furnishings and fittings. This not only elevates the development but effectively ensures that the investment gains value upon completion.”

ACCESSIBILITIES AND AMENITIES

Bukit Jalil has good infrastructure and well-planned amenities. It is easily accessible and well connected via an existing network of highways such as Bukit Jalil Highway, KESAS Highway and Maju Expressway as well as a vast network of roads. Other main public transportations include Rapid KL Bus and LRT services via Awan Besar station.

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Nearby amenities and facilities include the landmark Bukit Jalil National Sports Complex, 80-acre Bukit Jalil Recreational Park, Bukit Jalil Golf & Country Resort,  Medical University, SJK (C) Lai Meng school, Giant hypermarket, SIRIM centre, Calvary Convention Centre and Astro hub.

Nonetheless, Hong said there is room for improvement to the current infrastructure in Bukit Jalil.

“New infrastructure will have to keep pace with increased population and development growth.”

“While Bukit Jalil progressively made strides into the future, we see a city that offers both connectivity and lifestyle within this self-sustained area. Bukit Jalil City will bring about a renewed excitement, deliver a fresh alternative and attract a large catchment area within Bukit Jalil itself.  Upon completion, Bukit Jalil City will attract a new influx of shoppers, office workers and residents. Hence, this will provide a welcome boost to the business owners while generating thousands of sustainable job opportunities within the area.”

He said  to support this growing population, Malton will build a new flyover to Puchong, a new 100’ road leading directly to Bukit Jalil City from Jln 13/155C, an underpass leading on and out of Pavilion Bukit Jalil and three new pedestrian bridges directly link to the 80-acre Bukit Jalil Recreational Park.

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Hong expressed that the GDV (gross development value) for the entire Bukit City Development is in excess of RM3 billion. “We have seen property prices within the Bukit Jalil vicinity steadily appreciating by about 30%-40% over the past five years.”

Bukit Jalil City is set to be an iconic landmark in Malaysia which will transform Bukit Jalil into a more dynamic and vibrant township with excellent connectivity to the city centre and the southern corridor.  Classic high-rise residential area will be transformed into a shopping hub where the value of the surrounding properties will increase.

Newly developed properties within Bukit Jalil have experienced double-digit growth in the past few years. There will also be thousands of new employment opportunities when the shopping mall, hotel and residences are completed.

Besides that, the Bukit Jalil National Sports Complex will be transformed into a versatile and modern sports city by 2020. This prolific development in the Greater Klang Valley is in line with our government’s goal to enlist Kuala Lumpur into the top 20 liveable cities in the world by 2020.

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