Review
Feb 2, 2016, 8:01pm

It’s a Buyers’ Market for Real Estate in Setia Alam


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Selangor is a growing state in Malaysia with industry and commerce contributing the most to its economy. Its capital, Shah Alam, is a planned city only about 25 kilometers from Kuala Lumpur. With residential property prices expected to remain flat this year, the Setia Alam township in Shah Alam is an attractive location for new residents.

Convenient Location

Setia Alam residents have easy access to major highways, which is great for those commuting to Kuala Lumpur. Negotiations are active for the Damansara-Shah Alam Expressway (DASH), according to Mayuri Mei Lin of The Malaya Mail. DASH will be 20.1 kilometers long with three lanes in each direction and start from Puncak Perdana and end at the Penchala interchange.

The township is set to get a 4G LTE tower this year to be provided by Digi Telecommunications Sdn Bhd, according to The Star. Residents won a contest to be the first of ten communities to gain high-speed, wireless Internet access from a Digi tower.

Setia Alam has access to commuter trains to and from Kuala Lumpur. The KTM Komuter line has four stops in Shah Alam. A variety of companies provide bus service in the township including KMK Starcoach Express.

There is plenty to do in the area starting with shopping at Setia City Mall. The mega mall is just off the Persiaran Setia Alam and is about a  seven minute drive from Setia Alam.

Other attractions available include Wet World Water Park, which is about a 17-minute drive from Setia Alam. For those who want to cool off even more, there is SnoWalk, which is about eleven minutes from Wet World. Snowalk boasts it is the biggest snow theme park in Malaysia.

For professional football fans, the Selangor FA plays at Stadium Shah Alam, which is about a 22-minute drive from Setia Alam. The stadium has a capacity for 80,000 spectators. The club plays in the Malaysia Super League. According to Keeshaanan Sundaresan of Fourth Official, the Red Giants have reworked the squad for this year. They did quite well last year.  

Local Innovations

Selangor has a growing school system. The state government recently gave Chinese schools in the area a financial boost for infrastructure upgrades, according to Raymund Wong of The Malaysian Insider. Schools are planning to add curtains to cut down on glare and new electrical wiring.

Some schools are hoping for more help to reduce the effects of flooding in the future. Meanwhile, the state is taking steps to prevent a possible drought brought on by El Nino, Nuradilla Noorazam of The Malaysian Insider reports. Local dam water capacities currently are at a minimum of 70 percent. In addition to monitoring dams, the government is cloud seeding at reservoirs.

Another public service gaining attention is a mobile kiosk Setia Alam residents can use to pay their Shah Alam City Council bills. The bus is scheduled to visit four locations a month, says Melizarani T. Selva of The Star.

There is good news for those residents annoyed by vaping or e-cigarettes in public. Selangor will soon make non-smoking areas non-vaping as well, according to Malaysian Digest. The state also at least temporarily is not granting licenses to new vaping businesses.

Time to Buy

Since the 2011-2013 property boom, Selangor housing prices have settled down. Experts predict the housing market will only show a marginal price increase this year at best, The Malaysian Insider reported. This is good news for those wishing to enter the market.

Those who bought during the boom may have to lower their asking price. Some sellers in Selangor may have to settle for renting out their properties, which will increase the available offerings for renters.

Potential buyers and renters looking for an easy way to compare properties in Setia Alam, can visit the Property Guru website. The site provides prices, property details and photos. There also are interactive maps for finding nearly schools and shopping.

A mortgage calculator is included on each property listing page. For more information about a property on the website, visitors can call an agent or fill out an online form. The site also features property buying guides, reviews and news.

Trading Up

For those current homeowners in Selangor who want to move to a larger home, today’s flat market might actually be a good time in which to sell. If a homeowner has to lower his asking price by 10 percent to sell then it is likely the larger home he wants to buy in the same market also is discounted, reports Elizabeth Weintraub of About.com.

Another factor to consider is mortgage interest rates. Because the housing market and interest rates change gradually compared to stocks, it’s safe to determine when rates are low enough that they will only go up in the future. Buyers might save money on interest by jumping quickly this year instead of waiting for the next housing market shift.