UTAR New City Campus @ Bandar Sg Long

There is a great demand for private tertiary education among the Chinese community in Malaysia whose has great barrier to enter public university.

UTAR is building a new city campus at a pieces of land which is 3 times bigger for its phase 3 expansion at Bandar Sg Long, Kajang, Selangor.

The existing student population of around 9000 has created a great demand for accommodation and create a boom to property value at Bandar Sg Long.

The market price of the condominium within the walking distance around phase 1 & 2 of UTAR campus has shot up 200% to 250%. The rental has gone up 2 to 3 times.

The same is going to happen to Forest Green Park condominium which is located right next to the new campus.

The market price for the condo has move up gradually in the recent month as investors are getting aware with this latest developments.

Premium Of Leasehold Land

The Valuation and Property Services Department (Jabatan Penilaian dan Perkhidmatan Harta) will value the property to determine the market value of the land.

The premium is calculated differently in each state and the rules applicable in Selangor is under 7 of the Selangor Land Rules 2003 and Selangor Quarry Rules 2003 entitled “Premium” which is calculated as follow (excluding the price of the building constructed on the Land) :-

Premium = 1/ 4 X 1 / 100 X Market Value of the Land X Number of Years of Renewal X Land Area (in Square Feet)