Are you renting a home or a room today? Searching for areas for rental?
By the way, renting is a good idea since rental has been under pressure for the last few years as there has been many who bought during those booming years from 2009 – 2013 and these units started to hand key to these owners beginning 2013 to 2017. Just remember that whatever savings we get from renting versus buying a unit should be saved for rainy days and better still, reinvested for more returns. Where do people love to rent? iProperty.com has the answers.
Article in iproperty.com These are the most searched areas in Malaysia among renters.
#10 Bukit Jalil (search percentage is 7.8%) This is an area which is just 15km away from KL city centre. There’s also very good connectivity and LRT Sri Petaling Jaya Line made this awell positioned area.
#9 KL City Centre (search percentage is 8.1%) This is where people are working and many may just want to wake up half an hour before leaving for office versus having to drive over an hour just to arrive for work.
#8 Subang Jaya (search percentage is 8.3%) This city has a lot of shops, restaurants and cafes and the LRT Kelana Jaya Line provides fast and direct access to the KL City Centre. This is also where a lot of private higher institutions are situated which makes it ideal for students.
#7 Ara Damansara (search percentage is 8.5%) This area sits in the middle of highways such as the NKVE, LDP and Federal Highway. Thus this provides a good and direct access to Shah Alam, Subang Jaya and Petaling Jaya.
#6 Bangsar (search percentage is 8.5%) This is an affluent residential hub. In fact, in the evenings, it comes alive with entertainment outlets in Jalan Telawi. Besides that it is also near to many shopping malls including Bangsar Village I and II, The Gardens, MidValley Megamall, as well as the transportation hub, KL Sentral.
#5 Ampang (yes, this is within Kuala Lumpur and it has a search percentage of 9%) This area is ideally located close to the KL Golden Triangle and thus within major roads and highways such as Jalan Tun Razak, Jalan Ampang, AKLEH and MRR2 as well.
#4 Mont Kiara (Search percentage of 11.8%). This was where my auction house was once situated. It’s definitely another affluent neighbourhood and is synonymous with high income earners and the expatriates. At night, it comes alive as well with its hip cafes, restaurants, bars and fine dining options.
#3 Petaling Jaya (search percentage of 11.8%). This is the country’s first planned town and has lots of hipster easteries and chic cafes too. While there’s always a never ending stretch of jams, the LRT 3 which will be completed in 2024 should alleviate some of these jams. Currently, it is served by the Kelana Jaya Line and the MRT SBK Line too.
#2 Cyberjaya (search percentage of 12.2%) This is part of the Multimedia Super Corridor (MSC) of Malaysia. Today, it is full of many data centres, customer service, MNCs and even private universities. The highlight would be the many parks and public amenities too.
#1 Cheras (search percentage is 14.1%) This is one of most popular areas and within this densely populated area, there are also endless choices of amenities to fit the diverse demographic too. It is also the home of one of the longest night markets in Malaysia and is open every Wednesday.
Please do read the much more comprehensive article on areas for rental in iProperty.com Lots of information and photos too. Article in iproperty.com
Should you move to within these 10 most searched areas for rental? Of course these are very good choices since they are very popular. Just note that the place you intend to rent should just meet all your requirements and there’s really no need to rent where everyone loves to rent unless they meet your requirements too. If we were to rent in lesser popular areas, there’s also that chance to save a little bit more.
Then again, we may need to forego some loss in amenities, connectivities and even eateries yeah. There are reasons why people love these areas for rental. Happy searching and remember yeah, renting is cheaper and better ONLY if you actually save money and invest it. If you are renting and spending all the savings then within a few years, you will be by far worse off than someone who paid extra every month but has actually started his property ownership journey.
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