05 February 2017

Seremban growing by leaps and bounds

  05 February 2017

SEREMBAN: Back in the 1970s, Seremban was seen as a faraway destination and not an attractive enclave to build a house, let alone to be part of a long-term investment option. But now, the fast-rising, bustling capital of Negri Sembilan is growing by leaps and bounds, surpassing expectations. It is seen as the next city to complement Kuala Lumpur as well as Putrajaya.

With a population of 500,000 people, Seremban, which is about an hour’s drive from Kuala Lumpur, is set to become the next metropolis as it positions itself as part of the Malaysia Vision Valley under the Greater Kuala Lumpur Development and one of the transit stations for the up-and-coming Kuala Lumpur-Singapore high speed rail (HSR) project by 2026. The town has now expanded to Seremban Dua and Seremban Tiga built by notable property developers such as IJM Land Bhd, Sime Darby Bhd and Matrix Concepts Holdings Bhd. IJM Land senior general manager central region Datuk Hoo Kim See said Seremban was sets to grow immensely as first-time house buyers were opting to buy their maiden property here as they contemplated to migrate from Kuala Lumpur. “Land in Kuala Lumpur is getting more and more expensive and they would want to either settle down here or buy it as an investment,” he said. Hoo added that the town was set to see greater developments due to the Malaysia Vision Valley and HSR projects and as it was home to numerous local and international companies.

The dynamic town is well-connected with major highways such as the North-South Expressway, Expressway Lingkaran Tengah (Elite) and Kajang-Seremban Highway (Lekas), and in the future there are plans to build the Senawang highway. Companies may also want to set up operations in Seremban due to the lower industrial development cost (compared with Klang Valley) to accommodate investors in both conventional manufacturing investments and high technology.

It is a striking distance for companies such as Samsung, Recorn, Shell, Nestle, Jotun, Coca Cola, Evergreen and Hevea Board — no wonder Seremban is an investors favourite.

Read More : http://www.nst.com.my/news/2017/02/208920/seremban-growing-leaps-and-bounds

Thanks for reading Seremban growing by leaps and bounds

« Prev Post

No comments:

Post a Comment