The Best of Section 5, Petaling Jaya

 

Section 5, one of the older residential areas of Petaling Jaya was developed in 1963 by Lee Fah Sung and Petaling Garden Bhd.  It was also one of the first township in Petaling Jaya with only 9 houses per hectares which consisted of bungalow houses, semi-detached and linked houses only (accordance to PJ city council councillor of Section 5).

 

Now, in Section 5 neighbourhoods had grown mature with many bungalows, semi-detached, linked houses and hi-rise condominiums. It’s strategically located with easy access via Federal Highway, New Pantai Expressway (NPE) and Jalan Gasing that leads to other major areas of Petaling Jaya.  “We get the best of both worlds here; the area has a nice suburban feel, like you’re living away from the city, yet it’s close to the city. You have everything within a short drive and even Mid Valley (Megamall) is just down the road if you want to do some shopping,” says Mrs Sim, a resident of 8 years.

 

The demand is still strong after more than 40 years.  “Section 5 is one of the most active residential areas in Petaling Jaya.  The market value of the properties has held steady over the years, even during the worst of the recession.  Prices are climbing; last year,  a bungalows of 4000 to 8000sf were selling at around RM130psf. Now, they can fetch RM150psf,” says Vincent Ng, CEO of Kim Realty. For a good renovated bungalow house it was sold for RM200psf.

 

The Director of Metro Homes, See Kok Loong says “Though the value is increasing at a slower pace…the yearly increase of 5% to 10% in prices makes Section 5 a good investment.”  See also added “the houses here sit on large parcels of land at a “good” price, something that is hard to come by these days.  However, the most important factor remains the location.”

 

The above summary is  excerpted from City & Country, The Edge Malaysia – 9 November 2009.