Negeri Sembilan, Malaysia
Nestled in the central region of Malaysia's peninsula, Negeri Sembilan, often referred to as NS, is a state that adjoins Kuala Lumpur and Selangor. With a population of approximately 1.1 million people, it can be viewed as a suburb of the Greater Kuala Lumpur metropolitan area. The daily commute for work and study into Greater KL is a common practice among the NS populace, made convenient by the KL-Seremban Highway and the KTM Komuter trains.
In the 15th century, NS became a settlement for the Minangkabau people who migrated from Sumatra. This community brought with them a distinct architectural style, characterized by large houses called "rumah gadang" with buffalo horn-shaped roofs. The Minangkabau influence extends to dance and culinary delights, with the much-loved Rendang dish tracing its origins back to this group. NS also boasts renowned beach resorts in Port Dickson, contributing to its appeal.
The real estate market in NS offers more affordable properties compared to the neighbouring urban sprawls of Kuala Lumpur and Selangor. Consequently, many individuals choose to reside in Seremban, NS's capital, and commute daily to work or study in surrounding cities. NS's central region also serves as a popular location for holiday apartments and bungalows among Greater KL's urban residents, particularly in the resort town of Port Dickson.
The following shows the residential property transactions in NS over the last few years:
Similar to Kuala Lumpur, the state imposes a minimum purchase price of RM1 million for property acquisitions by foreigners. No additional curbs or taxes have been implemented at the state level beyond those established by the Federal government. The main property investment hotspots within NS are Bandar Sri Sendayan, Port Dickson, Putra Nilai, and Seremban 2.
December 2018 marked a pivotal moment for NS with the official launch of the Malaysia Vision Valley 2.0 (MVV 2.0). This expansive development plan, covering 379,087 acres (153,411 hectares) across the Port Dickson and Seremban districts, aims to extend the scope of Greater Kuala Lumpur. MVV 2.0, as part of the National Physical Plan (NPP), has been designated as one of the 17 Promoted Development Zones to receive national-level priority, as disclosed in a press release from Sime Darby Property Berhad, the project's master developer. MVV 2.0 is poised to act as an economic catalyst for the 11th Malaysia Plan (11MP).
Latest Negeri Sembilan sale listings:
Latest Negeri Sembilan rental listings: