Based on 1233100 units sold preceding 12 mths.
Compound annual growth rate in median price.
Selangor is one of the 13 states of Malaysia located on the west coast of Peninsular Malaysia. The Straits of Malacca is to its west while it is bordered by Perak, Pahang and Negeri Sembilan. Federal territories within this state are Kuala Lumpur and Putrajaya. Its capital city is Shah Alam and royal capital is Klang.
Petaling Jaya is another major development zone of Selangor and was awarded city status in 2006, making Selangor the only other state in Malaysia with more than one city; the other is Sarawak. Selangor also has the largest state population in Malaysia.
Being one of the most developed states with good infrastructure, the Selangor property market is huge and promises high return on investments. Major commercial developments include office towers, shopping malls, shop-office space and industrial lots. A wide spectrum of residential properties makes up the landscape of this state. Popular residential properties include terraced houses, semi-detached units, bungalows, serviced apartments, low-cost flats and luxury condominiums.
Residents of Selangor typically experience beautiful weather throughout the year with sunny days and cool evenings. Humidity levels remain high for most months and are generally at 80 percent or higher. Temperatures can range from 23 to 33˚C. The rainy season starts from December to February.
Malays make up more than 50 percent of the population in Selangor. The rest of the residents consist of Chinese, Indian and other ethnic groups. The cultural influence of Malays in Selangor is mainly from Bugis, Johor, Minangkabau, Mandailing and Javanese ancestries. The development of tin mining and rubber plantation in the 19th century brought in the Chinese and Indians. Hence, a kaleidoscope of cultures exists in harmony in this state. This is also reflected in its wide variety of local cuisines which include nasi lemak, bak kut teh and roti canai.
Buying, selling, or investing property is a very big decision. Even moving to your desired location can sometimes be very emotional. Using data from more than 0 listings in Selangor, PropertyGuru aim to help you make the right decisions on selecting property, by providing you helpful news and property statistics such as median and growth in the area, but also our opinion on local neighborhood area.Read More