Klang Valley Top 30 Locations Searches @ August 2010

Below are the top 30 locations searched in August 2010 (from a international based property ads website for local market @ Klang Valley).

1. Kuala Lumpur
2. Selangor
3. Puchong
   
4. Cheras
   
5. Petaling Jaya
6. Subang Jaya
   
7. Ampang
   
8. Shah Alam
9. Kota Damansara
10. USJ
11. Penang
12. Kepong
13. Bukit Jalil
14. Bangsar
15. Mont Kiara
16. Johor
17. Klang
18. Kelana Jaya
19. Sri Damansara
20. Seri Kembangan
21. Kota Kemuning
22. Wangsa Maju
23. Bandar Utama
24. Taman Desa
25. Kajang
26. Taman Tun Dr Ismail
27. Jln Klang Lama
28. Sri Petaling
29. Setapak
30. Bandar Kinrara

Clearly, the search results do not tally with the consensus as to where the current hot spots are. For example, Puchong and Cheras are not high up as hot spots yet raked in high search numbers. One explanation is that most people who search the Internet for properties are of the younger set who most likely could not afford expensive areas such as Bangsar and Damansara, and hence are looking at more affordable areas in Puchong and Cheras. It also explains why Bangsar ranked only 14th in the number of searches while Damansara is not even within the top 30 (it’s actually at #31 spot).

Another explanation is that there is a disproportionate number of outstation migrants coming to work in Klang Valley who prefer to stay in Puchong and Cheras areas, which are well-established townships at the fringe of KL and PJ. The areas still have lots of land that can be developed and new launches are relatively frequent there. Both areas still have lots of room for growth and the current populations there are expected to rise even further in the near future.

In comparison, Bangsar and Mont Kiara, although still having pockets of projects under construction, are smaller areas with lower population. The lower density and prime location translate into higher prices, hence attracting fewer outstation migrants.