For those expatriates with school-aged children, being located near an international school saves valuable travelling time, while for young urbanites, the city centre is the best location for employment and entertainment.
Popular residential areas close to international schools include Ampang, Mont’ Kiara, and Sentral, while other preferred residential locations include Bangsar, Bukit Tunku (Kenny Hills), Damansara Heights, Sri Hartamas, Taman Tun, and Bandar Utama.
Spacious gated communities tend to be a little further from the city centre, but provide large blocks and extensive facilities with some including golf courses and parklands. Preferred gated precincts include Valencia and Sierramas in Sungai Buloh, Desa ParkCity, The Mines in Seri Kembangan, and Setia Eco Park in Shah Alam.
City on the move
KL’s skyline is dominated by construction cranes and developments that reach ever-skyward as the urban land bank diminishes. Several mega projects are under construction in Greater KL with most purposed as mixed-use – commercial, retail, hotels, and residential.
Tun Razak Exchange (TRX), with a gross development value of RM40 billion (US$9.38 billion), covers 28 hectares in the heart of the city. Construction of 26 buildings with a gross floor area of 21 million square feet will take over 15 years, but phase one will be completed by 2018.
Other mega projects in Greater KL include Bukit Bintang City Centre (BBCC), a 7.85-hectare, integrated development in KL’s “Golden Triangle” that will include residential suites, hotels, retail, parks and gardens, and will serve as an entertainment and transit hub; Bandar Malaysia, which involves the conversion of air force land in Sungai Besi; the Merdeka PNB118 Tower, a 118-storey, 682-metre skyscraper in the city near Stadium Negara, which when completed in 2019 will be taller than the iconic Petronas Twin Towers; Damansara City, an integrated city development; and Pavilion Damansara Heights, which is slated for completion in 2021.
A.T. Kearney ranks Malaysia the third best destination after India and China for offshoring, and the demand for property in KL is due to increase when more global companies recognize Malaysia as a location to bolster their regional presence.