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Top Upcoming Real Estate Developments in Klang Valley to Watch in 2024

The property market in Klang Valley is buzzing with several new developments that cater to different lifestyles and investment goals. Here’s a look at some notable projects for 2024, along with their pros and cons.


1. Sunway Flora Residences (Bukit Jalil)

Overview: Developed by Sunway Property, Sunway Flora Residences is a freehold condominium project located in the thriving Bukit Jalil area. It offers 748 units with built-up areas ranging from 1,055 to 2,562 square feet. The expected completion date is December 2026.

Pros:

  • Comprehensive amenities: Includes fitness stations, swimming pools, jogging tracks, a children’s playground, and more.
  • Strategic location: Close proximity to major highways such as the LDP and MEX.
  • Reputable developer: Sunway Property is known for its high-quality developments.

Cons:

  • Price range: Units start from RM650,000 and can go up to RM1.67 million, which may be steep for some buyers.

2. ANYA at Shorea Park (Puchong South)

Overview: This freehold serviced apartment by OSK Property features 750 units, with prices starting from RM250,000. It’s scheduled for completion in September 2026 and offers modern living with a variety of amenities like a 50-meter pool, gymnasium, and sports courts.

Pros:

  • Affordable pricing: Competitive pricing for a wide range of buyers, especially first-time homeowners.
  • Comprehensive facilities: Residents can enjoy sports facilities, pools, and a sky deck.
  • Location: Situated in a mature township with access to schools, shopping malls, and highways.

Cons:

  • Small unit sizes: Some units might be too small for larger families​.

3. Idaman Cahaya 3 (Shah Alam)

Overview: A project under LBS Bina, Idaman Cahaya 3 is part of the affordable housing initiative, offering apartment units at accessible prices. The project focuses on affordability and community living, expected to provide 413 units by 2024.

Pros:

  • Affordable housing: Great for those looking to enter the property market without breaking the bank.
  • Community focus: The development emphasizes connectivity and community, offering shared spaces for residents.

Cons:

  • Limited space: Being part of the affordable housing initiative, the unit sizes might not cater to buyers looking for larger home.

4. Majestic Residence (Kuala Lumpur City Centre)

Overview: Majestic Residence is designed for those looking for premium city living. This project features rooftop amenities such as a Sky Gym, Sky Lounge, and Sky Pool, all while offering stunning views of Kuala Lumpur.

Pros:

  • Luxury living: Features high-end facilities and is located in one of KL’s most sought-after areas.
  • Central location: Easy access to KL’s highway network, including DUKE and AKLEH.

Cons:

  • Pricey: Geared towards high-income earners, making it less accessible for the average buyer​.

Conclusion: Is It a Good Time to Invest?

With Klang Valley’s growing population and the completion of major infrastructure projects like the MRT3, the real estate market looks promising in 2024. Whether you’re a first-time buyer or an investor, these developments offer a variety of options depending on your budget and lifestyle. Keep in mind that factors such as location, unit size, and pricing should align with your personal goals before making a purchase.

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