Unveiling Cheras - A Top 3 Investment Hotspot
By Sujanna Rajendrah, Group Marketing
Once considered a quiet town, Cheras has transformed into a bustling and highly sought-after destination for urbanites. In this comprehensive guide, we will explore the immense potential Cheras holds for capital appreciation through property investment. But before that, let's delve into the essence of Cheras and its captivating history.
The Origins:
Nestled southeast of Kuala Lumpur, Cheras shares borders with Ampang to the north and Kajang to the south. The name "Cheras" has multiple theories attributed to its rich historical background. Some believe it's derived from the Malay term "tras" or "teras," symbolizing the area's dense forests. Another explanation links it to the Chinese community's term "Chiu Lai," inspired by the abundance of banana plantations that once flourished there. Additionally, some connect the name to a river called Sungai Teras, while others associate it with the ancient Chera dynasty of southern India. The most intriguing tale, however, involves a legendary figure named Tok Perimbun, whose agility and speed supposedly inspired the name "Cheras" due to the sound his pants made when he sprinted. (Google confirms it).
A Commuter's Dream:
Cheras stands out as a district with excellent connectivity, offering not just one but 11 MRT stops within its bounds. This remarkable achievement represents 35% (iProperty, 2023) of the Sungai Buloh – Kajang MRT Line, a feat unmatched by any other district. Cheras boasts a self-sustaining district with its own enclosed public transport system, ensuring mobility without facing traffic woes.
An Ideal Location for Investment:
Strategically located at the fringe of Kuala Lumpur's city centre and adjacent to TRX, the city's new financial hub, Cheras holds a unique position. The region benefits from outstanding highway linkages, such as the Cheras-Kajang Highway and the Phase 2 of the Sungai Besi-Ulu Kelang Elevated (SUKE) highway which connects Sri Petaling and Bukit Jalil on the Shah Alam Expressway (Kesas) to the Cheras-Kajang interchange, providing both local & global value chains.
Thriving Student Housing Market:
Zooming in on Taman Connaught, the presence of esteemed higher education institutions, including UCSI University and One World Han-Xing College of Journalism and Communication, has catalyzed a thriving property rental market. With a healthy growing population of young families seeking affordable homes and an influx of students due to numerous educational institutions in the area, Cheras continues to experience robust demand for student housing.
Cheras owes its growth and capital appreciation to a host of prominent private and international educational institutions. The likes of Cempaka Cheras, REAL International School Cheras, Taylor's International School Kuala Lumpur, Malaysia International Korea School – Cheras, Beaconhouse Newlands International School, and prestigious universities such as Liverpool John Moores University Malaysia Campus and Asia Metropolitan University have collectively played a significant role in boosting the area's development.
Start your First Investment with The Connaught One:
Experience UEM Sunrise's First Transit-Oriented Development (TOD) in Taman Connaught, directly connected to the MRT Taman Connaught within walking distance. Only 18 minutes away from MRT Tun Razak Exchange (TRX), the new financial district, this development is strategically positioned in the city of education, offering exciting investment prospects in the growing student housing demand. Starting from as low as RM290K, you can now own an adaptive and sustainable home with various layout options to choose from.
With a deep commitment to nature, The Connaught One embraces green and sustainable principles, integrating features like solar panels, rainwater harvesting systems, and naturally ventilated car parks and corridors. Nature enthusiasts will find solace in the 5,850m² of lush green landscapes within The Connaught One's premises. As an added touch of whimsy, residents can also unleash their inner child in the joy of a Vertical Fun Zone (the Adult Slide!)
Take advantage of this dynamic district's potential for capital appreciation and secure your investment in Cheras today.
Source:
- Bupalan.G (2018). High-value economic activities will serve to sustain the Cheras property market. StarProperty.
Link: https://rb.gy/m0253 - Koh.S (Jun, 2023). Cheras KL or Cheras Selangor: Which Is Better For Investment?. iProperty.
Link: https://www.iproperty.com.my/property-insights/cheras-kl-or-cheras-selangor-which-is-better-for-investment-87351 - Cheras Local Property & Real Estate Trends, News & Guides. PropertyGuru.
Link: https://www.propertyguru.com.my/kuala-lumpur/cheras