Get the scoop on KL real-estate scene
GREATER Kuala Lumpur will continue to be a property hot spot in Malaysia.
Colloquially known as the Klang Valley, Greater KL consists of the federal territories of Kuala Lumpur and Putrajaya, as well as the districts of Petaling, Gombak, Klang and Ulu Langat in the state of Selangor.
The construction of the area's first mass rapid transit (MRT) system will make "various suburbs in Greater KL more accessible to the city centre and would, therefore, have an impact on property prices and demand", said CB Richard Ellis Malaysia executive vice-president of research and consultancy, Ms Amy Wong.
The 51km MRT line will connect Sungai Buloh, in the north-west of Kuala Lumpur, with Kajang in the south-east.
Ms Wong will be one of the speakers at a My Paper Advance Series seminar later this month.
In line with the theme, Strategic Game Plan: Buying Property In Malaysia, she will focus on the KL real-estate market.
Besides residential properties, she will speak about how office and retail developments are gaining the interest of foreign investors, although these are seen as a riskier option than residential properties.
The My Paper Advance Series seminar will be held on April 27, from 2pm to 5pm, at the SPH News Centre Auditorium (1000 Toa Payoh North). Registration closes on April 24. To register ($5 a person), visit http://pbp.sph.com.sg/mpadv