By Fahri Ahmed
Neighbouring Kuala Lumpur, Negeri Sembilan is a good alternative area to live in for low and middle income earners working in the Klang Valley, especially Seremban.
That being said, which were the top transacted areas in Negeri Sembilan as of 2020? Let’s take a look.
The landscape in this heritage-rich township is a combination of urbanization and cultural infrastructure, making it a uniquely strategic position for potential homebuyers.
Many property buyers look to buy a house here as it is close to major cities like Kuala Lumpur and Putrajaya.
Developments here are growing fast, accommodating more than a million people in less than 20 years.
The area also boasts excellent accessibility points thanks to the LEKAS Highway and North-South Highway (NSE).
The sales transaction in this area has recently taken a downturn in 2020 by 67.38% compared to the previous year.
Nevertheless, the demand still remains comparatively high, leading to the average median price of houses here appreciating by 10.23% in 2020 compared to 2019.
At a median price of RM242,500, low to medium income earners can afford to buy a house in this area.
Nilai is a developing area at the outskirts of Kuala Lumpur City centre and is drawing the attention of many homebuyers and developers.
Home to renowned higher education establishments such as INTI International University and Universiti Sains Islam Malaysia, there is a great demand in the rental market for student accommodation.
Due to the youth demand, the area is also packed with amenities such as supermarkets, shopping malls and entertainment centres.
Owing to the immense demand of property in this area, the average price of houses here appreciated by an impressive 153.85% in 2020 compared to 2019, despite the pandemic.
For those looking for fast-appreciating property, Nilai can serve as a good location for investment.
Rasah is the third-most sought after location in Negeri Sembilan. Similar to the earlier locations, it is a great place for homebuyers to buy houses with the promise of potential gain in future.
The neighbourhood has hotels and other commercial establishments in addition to a wide variety of houses affordable for all range of income earners in Malaysia.
Like Nilai and Seremban, the houses in Rasah appreciated by a decent 8.71% in 2020 compared to the previous year.
In 2019, the median price for a residential property in Rasah was RM200,000 but in 2020, the number increased to RM225,000.
Port Dickson is an urban area and is also a tourist magnet thanks to the white sandy beaches of Blue Lagoon and Taman Aman.
Property buyers often turn to Port Dickson to buy their second home as they can turn the houses into great investments as holiday inns or resorts. It can also be an excellent area to stay in for those seeking to avoid the bustling city.
The average price of a house in Port Dickson was RM220,000 in 2019. Due to the pandemic, property median prices dropped by 11.36 to RM195,000 in 2020.
The sales transaction in Port Dickson also suffered a severe 78.76% drop. In 2021, property developers might be looking to recover the lower sales that occurred last year.
Hence, this might be a good time to grab a house here at an affordable price and reap profits in the long run.
Despite not ranking in the top ten transacted areas of Negeri Sembilan for the two years prior, Juasseh has made a breakout as the fifth most sought after location in Negeri Sembilan, which could be due to its fast-rising developments and wide range of houses.
In 2019, the median price for a house in Juasseh cost RM229,900 but in 2020, this price appreciated by 4.39% to RM240,000.
The sales transaction in this area has dropped by 40.32% in 2020 compared to the previous year due to the economic impact of the pandemic. Compared to the other top five locations, this area saw the lowest decrease in transactions.
Looking at the top trending locations in Negeri Sembilan, we can see a pattern of appreciated price in these areas despite the pandemic.
This shows that buyers and investors are confident of the value of properties in this state. If you are looking for property investment for fast capital appreciation, these locations are excellent choices.