Jalan Radin Bagus Drives Surge in Sri Petaling’s Commercial Property Values

KUALA LUMPUR, Oct 13 — Once known primarily as a residential township, Sri Petaling has evolved into one of Kuala Lumpur’s most active suburban commercial hubs. Over the past few years, the area — particularly along Jalan Radin Bagus — has seen a significant spike in property values and rental rates, reflecting growing investor and tenant demand.

Developed in the 1980s as part of the Bandar Baru Sri Petaling master plan, the township spans 620 acres within the Seputeh constituency. It is surrounded by well-established neighbourhoods including Happy Garden, OUG, Salak South Garden, Taman Naga Emas, Kuchai Lama, and Bukit Jalil, forming a vibrant urban cluster in the southern corridor of Kuala Lumpur.

Strong Connectivity and Accessibility

Sri Petaling’s rise as a commercial hub has been supported by excellent road and rail accessibility. The township is linked via key expressways — including the Sungai Besi Expressway (Besraya), Kuala Lumpur–Seremban Expressway, and Shah Alam Expressway (KESAS) — while public transport connectivity is enhanced by proximity to the Bukit Jalil and Sri Petaling LRT stations, and the Taman Naga Emas MRT station nearby.

Despite hosting just two shopping complexes — Endah Parade (anchored by AEON BiG) and The Store — the area’s comprehensive amenities, from banks, schools, and clinics to boutique hotels and eateries, have made it a magnet for families, business owners, and upgraders seeking convenience.

Jalan Radin Bagus: The New Commercial Pulse

The beating heart of Sri Petaling’s transformation lies along Jalan Radin Bagus, which has emerged as the township’s most sought-after commercial stretch. Once lined with small shophouses, it is now home to trendy cafés, restaurants, wellness centres, and boutique retail outlets, driving both rental and transaction price growth.

Data shows that commercial units along Jalan Radin Bagus and its adjoining lanes (Jalan Radin Bagus 1–5) have experienced steady capital appreciation.

• 2022: RM3.7 million (RM1,500 psf)

• 2023: RM3.9 million (RM1,800 psf)

• 2024: RM4 million (RM1,900 psf)

Meanwhile, along the main stretch of Jalan Radin Bagus, which consists of 53 three-storey shophouses, average transaction values surged from RM3.5 million in 2022 to RM5.4 million in 2023, while average psf prices jumped from RM1,800 to RM2,400 — representing nearly a 33% increase year-on-year.

Rental data further illustrates this growth: shoplot rentals in 2024 ranged from RM1,000 for smaller 113-sq-ft spaces to RM34,650 for premium 1,088-sq-ft units, reflecting escalating demand from F&B and lifestyle operators.

Spillover Demand Along Jalan Radin Anum

Neighbouring commercial lanes, especially Jalan Radin Anum, have benefited from the boom in Jalan Radin Bagus. Property values there have climbed from RM3.1 million in 2022 to RM4.6 million in 2024, while average psf prices rose from RM1,400 to RM2,200 over the same period.

Rental rates have similarly surged, with office and semi-detached shop units now commanding between RM1,800 and RM3,700 per month, compared to half that figure just a few years ago.

From Residential Suburb to Investment Hotspot

The area’s commercial evolution complements its established residential appeal. Sri Petaling’s diverse F&B scene, which features everything from local favourites like Thong Kee Kopitiam and BananaBro to international chains such as Starbucks and McDonald’s, has turned it into a lifestyle destination for nearby residents and visitors from Bukit Jalil and OUG.

This dynamic growth is also driving demand for commercial property in KL, as investors look for alternatives to the city centre. Its strategic location — minutes away from Bukit Jalil’s office corridors and Subang’s industrial zone — positions Sri Petaling as a bridge between residential comfort and business accessibility.

Developers and investors are taking note, seeing parallels with trends in industrial land in Selangor, factories in Puchong, and industrial property in Subang area, where strong transport connectivity and population growth have boosted long-term asset performance.

Outlook: Sustained Momentum Ahead

As infrastructure in Greater Kuala Lumpur continues to improve and surrounding neighbourhoods densify, Sri Petaling’s commercial market is poised to maintain its upward trajectory.

Prime stretches such as Jalan Radin Bagus are likely to see continued rental escalation, while secondary lanes and older shoplots may attract new entrepreneurs seeking more affordable entry points.

In an increasingly competitive property landscape, Sri Petaling stands out as a mature township that has successfully evolved without losing its community charm — balancing residential stability with commercial vibrancy, and strengthening its position as one of KL’s most resilient suburban investment markets.