Ipoh or the Malaysian “Kampung City” with its lakes, rivers, hot springs and the relaxed, clean and quiet environment is definitely stepping onto the Malaysian Property market Stage. During the last five years, few pioneer developers have started believing in the future of the property market there; driven by Tourism and Health besides the traditional manufacturing sectors that have been there ever since.
Ipoh, a city famous for food and inexpensive holidays is now becoming a place where properties are starting to be offered at RM300 psf if you are lucky, otherwise you’ll find easily prices above RM500 psf. Is it worth to invest there? Personal opinion is yes it is, and it is a go based on the development of a new but with very high potential market, retirement homes. Ipoh has been recently ranked 6th less expensive place in the world where expats can retire. A mere 2 hours drive from KL and Penang with a poised to be expanded airport to ease national and international connection, Ipoh is worth a good and wise property investment. From landed to shop lots to iconic project such as “The Haven” the Property Menu offered to investors is diversified with taste.
Ipoh to be on par with other cities
THE increase of population in Ipoh in the last few years has led to the formation of the city’s very own “Golden Triangle”.
Datuk Bandar Datuk Roshidi Hashim said the 750,000-strong population in Ipoh had contributed to various social and economic growths, and in turn encouraged people to invest in the city.
He believed that the Ipoh population, which was expected to hit one million by 2020, would contribute to greater developments in the Golden Triangle in the future.
He said Golden Triangle referred to areas within the regions between Simpang Pulai and the new townships in Klebang and Meru.
“The spillover effect has also brought development to areas such as Lahat,” Roshidi told reporters after officiating the ground-breaking ceremony of Treetops Residency near Simpang Pulai recently.
Roshidi said construction projects such as housing lots, commercial sites and shopping centres had been carried out rapidly within the triangular region.
“More than 50,000 units of houses have been built in the last five years,” he highlighted, adding that more residential projects were under way.
“With the coming up of the Tin City business hub in Falim and the state’s first MICE (Meetings, Incentives, Conventions and Exhibitions) centre on Jalan Sultan Abdul Jalil, I believe Ipoh will soon be on par with other more developed cities in the country,” he added.
Roshidi said many local businessmen and developers did not forsake Ipoh despite the economy instability and political turmoil in the state over the last 10 years.
“Instead of leaving, they tried their best to attract people to invest in Ipoh by convincing them that there was vast development potential in the city.
“I really appreciate their effort,” he said.
Meanwhile, Roshidi said almost 50% of the 468 development projects approved by the council’s OSC (one-stop centre) committee since 2007 had been completed.
The Treetops Residency, located on more than 2.14ha freehold land off Jalan Gopeng, is an elevated living development project by Team Keris Bhd.
Facilities such as closed-circuit television cameras, guardhouse access, 50m Olympic length pool, poolside gym and barbeque pit, reflexology and jogging track are available in the residential area, which offers 77% open space for quality living.
Team Keris Bhd director Michael Tan, group executive chairman Datuk Lee Seng Hee and his wife Datin Irene Lee were also present at the ground-breaking ceremony.
Source : The Star