Buying a property is a good idea. Yet with the current sluggish market, many are finding it convenient to rent instead of purchasing a property due to issues pertaining affordability and finance.
With the current increase in property prices and tight lending rules, people are struggling to acquire mortgage loans, let alone afford the property. However, renting a home allows you to breathe a little easier knowing you’re not obligated to a bank.
The location tops the list when buyers are considering a rental property, followed by the rental rate, size, numbers of rooms, furnishing and so on.
According to PropertyGuru, the leading property portal in Asia, Puchong is the number one most rented location in Klang Valley. Meanwhile, Petaling Jaya, Mont Kiara, KLCC and Cheras come right after as the second to fifth most rented locations.
A good reason why Puchong is the most preferred choice for rental is non-other than its strategic location situated in between Petaling Jaya and Kuala Lumpur. It is easily connected via several major highways namely Shah Alam Expressway (KESAS) and Damansara – Puchong Highway (LDP). There are also ample of job opportunities available within, as well as containing a myriad of amenities such as shopping malls, F&B outlets, eateries, supermarkets, entertainment hubs and many more.
Being one of the most established locations in the Klang Valley, Puchong is also considered by many due its easy connectivity. The Bandar Kinrara LRT Station started operating in October 2015, meanwhile, the upcoming IOI Mall, Bandar Puteri, and Pusat Bandar Puchong LRT Stations are scheduled for completion by March 2016.
Besides Puchong, the other most rented locations such as Petaling Jaya, Mont Kiara, KLCC and Cheras are also preferred by many due to its advantageous location, amenities, as well as the easy accessibility it offers.
Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my
