Newer condominiums in Kajang cater for slightly more affluent buyers.

WCT is benefiting from the weaker ringgit as the value of its Lusail project in Qatar has increased 14% to RM968 million on currency translation, lifting earnings contribution from this project.

An ageing population and millennial homebuyers are driving structural changes in Malaysia’s real estate industry.

Kajang’s numerous non-landed properties fall primarily in the mass-market segment.

The cautious market sentiment can be attributed to the rising cost of living, depreciating ringgit and political situation in Malaysia, says Rahim & Co Sabah branch manager Max Sylver Sintia.

Interestingly, Kajang is home to many exclusive gated-and-guarded residential estates.

Rental market supported by students from higher learning institutions in the area while low and medium-end properties offer low-entry point investment opportunities.

MKH has the advantage of low land cost within the growing Kajang/Semenyih corridor, which will give it greater pricing flexibility.

Named Setia City Residences, it is a part of the developer’s integrated development, Setia City in Setia Alam. S P Setia plans to launch the project in the fourth quarter of this year.

The surge of new developments has buoyed the Seri Kembangan secondary market.