If you are familiar with Kuantan, especially in the new township, bandar indera mahkota, most of house price are in the range of RM300,000 to RM 600,000. The property price has double since 2010. And all these are are leasehold.
Bungalow land area in 2005 at Bukit Istana was only RM 16 psf , now the latest I heard, it was selling at RM 45 psf.
These are my analysis why property price in this area keep on to appreciate at a faster rate:
1. The new completion of KMC (Kuantan medical center ).
It located in 10 acre of land. One of the biggest private hospital in Kuantan. Fully owned by TDM, it is expected to start in full operation somewhere in October 2013.
2. McDonald.
Yes, you are right. The new completion of McD in 2011 has attracted more and more traffic to the area. As I mentioned in my puncak alam post, McD are very good in property investment.
3. New intelligent township, KotaSas.
The new township will cater additional 50,000 residences and has it own commercial center.
4. New Integrated Kuantan Terminal Sentral. ( Terminal Sentral Kuantan )
The new bus terminal situated right beside the dual lane carriage, is very strategic and move human traffic from the busy Kuantan Town to Bandar Indera Mahkota.
For long distance traveller, the new bus terminal is definitely much better than the existing ones.
5. The new integrated RapidKuantan bus.
This is excellent masterplan by the government. When RapidKuantan started their operation in Dec 2012, the bus network has good coverage from Teluk Cempedak until Gambang Water Park.
I have actually doubt whether this new bus system can actually work similar model to RapidKL. Well, after 5 months of free bus service, it seems that more Kuantan people are beginning to accept the change.
I only heard complaint from the taxi drivers!
It has added additional convenience to the residence in Bandar indera Mahkota.
6. The new Tunas Manja Boutique Hotel
Located at the heart of Bandar Indera Mahkota, once an empty place, the hotel draw many tourist to stay in the area. The Hotel room is much more affordable compare to Hyatt or Zenith Hotel.
Not just that, shoplot in that area also flourish as more and more human traffic are available.
7. New UIA campus for medicine and hospital.
It is one of the biggest UIA campus outside kuala lumpur. It mainly set up to cater for medicine and pharmacy stream.
8. Sultan Ahmad Shah Mosque
One of the biggest mosque build by UIA.
Jammed pack on every Friday!
9. Mature township of Bukit Istana, Alam Perdana and Astana Permai.
10. New golf course called Mahkota Golf Club construction in progress. Expected to open in 2014.
11. Last but not least, integrated government building such as Imigresen complex, kwsp, jabatan pendaftaran negara, and Bomba definitely will draw additional population here.
In conclusion, a well amenities, facilities and neighborhood with mature population will definitely make your investment worth to wait. You cannot go wrong with it.
My advice is that, you take a look at any mature town and define your success criteria for your investment.
My case study on Bandar Indera Mahkota is definitely worth to consider.
When I bought my property here in 2010, all these additional facilities were not known.
However, one thing for sure, the area has excellent accessibility which in the end, turn out to be a good investment. This is one of the most important criteria in my location selection. I'll share with you more criteria in my ebook later on.
Do you have any other criteria? Pls share with me!
There are many reason why we should have an agent for our Real Estate Investments in Australia. It is important that we control the way our business is and with the help of our agent it would be easier for us. It would be easier for us to understand if we have known everything which regards our investment.
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