Petaling Jaya’s Top Property Hotspots in 2024: Where Prices Are Rising Fastest
Petaling Jaya (PJ) has long been one of Malaysia’s most desirable urban locations for both property buyers and investors. As a mature satellite city with strong connectivity, vibrant neighbourhoods, and a well-established infrastructure, PJ continues to offer value for capital appreciation and lifestyle convenience.
But which neighbourhoods in PJ saw the biggest movement in property prices in 2024? Using data from EdgeProp Research and the EPIQ platform, we identify Bandar Utama, SS2, SS17, and SS14 as the most in-demand areas based on their demand-supply ratio and over 100 active property listings.
Here’s a detailed breakdown of how these four neighbourhoods performed in terms of year-on-year (y-o-y) median transacted prices, giving both homebuyers and property investors data-driven insight into PJ’s real estate trends.
🏡 1. Bandar Utama: Premium Suburb with Strong Growth
Bandar Utama maintains its position as PJ’s top-performing neighbourhood in terms of price appreciation. Well-known for its planned layout, proximity to shopping destinations like 1 Utama, and access to schools and MRT stations, Bandar Utama is a perennial favourite.
- Landed Homes: RM848.9 psf (↑ 3.6% y-o-y)
- High-Rise Units: RM566.1 psf (↑ 4.3% y-o-y)
The area’s consistent demand from both owner-occupiers and investors continues to push values upward, with high-rises also enjoying strong rental potential due to connectivity and amenities.
🍜 2. SS2: Food Haven with Investment Upside
SS2 is one of PJ’s most iconic neighbourhoods, famed for its night market, local eateries, and urban vibrancy. It has seen strong demand from families and young professionals who want easy access to everything from banking to lifestyle needs.
- Landed Homes: RM627 psf (↑ 3.3% y-o-y)
- High-Rise Units: RM537.3 psf (↓ 6.8% y-o-y)
While landed homes continue to appreciate, SS2’s high-rise segment is undergoing a price correction, now in its second year of decline since peaking in 2022. Still, the condo prices remain relatively high compared to neighbouring SS14 and SS17.
🏘️ 3. SS17: Quiet Charm with Steady Gains
SS17 remains a quieter but solidly growing neighbourhood in terms of property value. Known for its spacious terrace and bungalow homes, the area appeals to upgraders and families seeking larger built-ups and move-in-ready renovations.
- Landed Homes: RM464.8 psf (↑ 4.4% y-o-y)
- High-Rise Units: RM396.9 psf (↑ 1.7% y-o-y)
SS17 shows a healthy upward trend across both landed and non-landed segments, reflecting its appeal among value-seeking buyers who prefer mature, lower-density areas.
🌇 4. SS14: Underrated, but With Rising High-Rise Appeal
SS14, a mixed commercial and residential hub, rounds off the top four. Often overshadowed by its more high-profile neighbours, SS14 is gaining traction—particularly in the high-rise category.
- Landed Homes: RM330.4 psf (↓ 0.52% y-o-y)
- High-Rise Units: RM384.7 psf (↑ 4.8% y-o-y)
Interestingly, SS14 is the only area where condo prices have consistently outpaced landed homes over the past four years. This trend signals an increasing demand for compact, lower-maintenance homes close to commercial centres.
📊 What Does This Mean for Property Buyers and Investors?
These four neighbourhoods in Petaling Jaya highlight diverse investment opportunities:
- Bandar Utama offers strong capital appreciation and remains a blue-chip location for both landed and high-rise investors.
- SS2 presents a vibrant lifestyle setting with upside potential for landed properties despite short-term corrections in high-rise values.
- SS17 delivers steady returns and suits families or long-term investors seeking a balanced mix of price growth and liveability.
- SS14 is an emerging area for high-rise-focused investments, especially for those looking to tap into affordable urban living with rental yield potential.
🔍 Summary: Top 2024 Median Property Prices in PJ Neighbourhoods
| Area | Landed Price (RM psf) | y-o-y Change | High-Rise Price (RM psf) | y-o-y Change |
|---|---|---|---|---|
| Bandar Utama | RM848.9 | +3.6% | RM566.1 | +4.3% |
| SS2 | RM627.0 | +3.3% | RM537.3 | -6.8% |
| SS17 | RM464.8 | +4.4% | RM396.9 | +1.7% |
| SS14 | RM330.4 | -0.52% | RM384.7 | +4.8% |
📍Looking to Buy in Petaling Jaya?
Whether you’re buying for own stay, investment, or rental income, location and growth potential matter most. The data shows that Bandar Utama and SS17 are solid picks for steady growth, while SS14’s high-rise segment could offer value buys for investors.
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