The urbanization trend where people from other states in Malaysia migrate to the greater Kuala Lumpur/Klang Valley region is undeniable. The primary reason is because this is where the jobs are. These people who come migrate over will create a demand for housing. As such, one of the key themes in property investing is to buy where the jobs are.
There is no shortage of medium income executives around Decentrum City Bangi. Just 10minutes away is a road called Jalan Ayer Hitam where most of the big bank’s data center are. If you drive along this road, you will see Public Bank IT & Training Center, Maybank Training Center, RHB Data Center, CIMB Training Center. This area was a government initiative to drive banks to place their data centers outside of the city of Kuala Lumpur as prudent risk management. Each of these centers are as big as 5 football fields. In Public Bank IT & Training Center alone there is already around 600 staff stationed there. Add up the staff in Maybank, CIMB and RHB total should be around 1800 staff. In addition to that Petronas and TNB have got very big research centers here also. These people currently stay in Puchong, Seri Kembangan, Serdang and Kajang area which is much further away from Decentrum City.
Therefore, I predict that Decentrum City Bangi will be able to satisfy the pent up demand for housing for mid level executives in this area.