Some of the more notable developments in Negeri Sembilan lately include Seremban 2, Seri Pajam etc.
In my search in investing in Negeri Sembilan recently with a time horizon of 10 years in mind, these were some points to think about in my decision investing in N9. This is not to advocate investing in any particular development in N9 nor does it include recommendation on any specific development in N9, however might come in useful in your search.
One of the more obvious reasons is the proximity to KLIA, Putrajaya, Cyberjaya and Kuala Lumpur and good road and rail network.
Other points to consider:
- Local population growth
- Local and international investments
- Average family income level
- City redevelopment plans
- Education improvement plans or growth
Local Population Growth
Over 10 years ago, during my weekly drives from Singapore to KL and back, there is something about the traffic between KL and Seremban, Senawang and onwards. For those who travel North-South or South-North often will notice that the highway traffic will be heavy and busy from KL until Seremban and after Senawang, it feels like a lonely drive all the way down South. Recently did the same again down to Iskandar and Lion City and noticed the same pattern however this time it is much busier driving the stretch between KL and Seremban. And to confirm it, I went site viewing in N9 around 5 to 6 times and observed the same. This surely just means that activity has increased. Population growth as at 2010 census shows a population of 1 mil in N9 and a consistent average growth of 3.88% every decadesince 1980.
Local and International Investments
With the idea that we need more jobs for a place to develop and subsequently increase land and property prices, let’s take a look at some of the recent investments in Negeri Sembilan.
Cypark renewable energy project in Pajam/Nilai will see investment of RM94 million and generate RM12.16 mil in GNI in 2020.
In 2010 alone, Negeri Sembilan received RM1.1 billion in foreign direct investment (FDI) and another 0.2 bil by existing investors in the state.
There are around 14 industrial areas in Negeri Sembilan. Mostly located in Nilai, Senawang, Bandar Enstek. Many of them house large corporations such as 3M, Samsung, TDK etc.
Some of the recent notable developments.
JOTUN Paint opened a RM160 million facility in Nilai.
Teliti partnered with Cisco to invest close to US$100 million on Asia's largest green data centre in Techpark at Bandar Enstek.
Nestle's additional 20 million investment in it's plant at Negeri Sembilan to boost capacity by 30%.
Coca-cola's plan to invest more than RM1 billion in Malaysia with the opening of its plant in Bandar Enstek.
IBM has selected Negeri Sembilan to receive an IBM Smarter Cities Challenge grant for 2013 joining 30 other cities from all over the world that gain access to some of IBM's top experts who would analyze and recommend ways the state can become an even better place in which to live and work.
Average Family Income Level
It is also important to have sufficient productive higher income earners for growth and to sustain property prices.
It is projected in the ETP that a GNI per capita of US$15,000 or RM48,000 was necessary for the country to qualify for high income status by 2020.
Actual and Forecast of Real and Current GNI Per Capita, 2012-2020
“An important point to note is that only six states in Malaysia generated a higher amount of GDP per capita compared to that of Malaysia. They are WP Kuala Lumpur (RM55,951), Penang (RM33,456), Sarawak (RM33,307), Selangor (RM31,363), WP Labuan (RM29,116) and Negeri Sembilan (RM27,485). The disparity will become more pronounced if all the investments of private and government-linked companies (GLCs) are located in the areas of Greater Kuala Lumpur or Klang Valley; poor states will remain poor while rich states will become richer by 2020.”
City Redevelopment Plans.
Seremban 2 has been established with the aim of relocating the administrative, business and education services in Negeri Sembilan away from the capital Seremban. S2 is part of the Federal Government effort to bring development to Negeri Sembilan to serve as the gateway to the Greater Klang Valley under the recent National Structure Plan.
Education Plans or Growth.
The plan is there and is in progress for Negeri Sembilan to be an education hub. Many Colleges and Universities, both local and overseas have setup their campus there. The construction of the RM1.2 billion education hub recently saw Britain's Epsom College also setting up its institute at Bandar Enstek.
A state/city will put in more schools, malls and parks when there is a growth pattern, i.e. real population growth and demand. Land also needs to be used for something more profitable which is something that we can see and is tangible in Negeri Sembilan.
Source: http://www.propertywtf.com.my/other-states-malaysia/investing-negeri-sembilan-t1837-50.html
No comments:
Post a Comment