Seven highways starting next year. Thats means, MORE TOLLS in future. :)

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In a news report in an English medium newspaper, it was reported that SEVEN new highways would be starting work next year, 2015. These are only for Klang Valley. They are as follows: RM1.18bil Duta-Ulu Kelang Expressway (DUKE) extension, the RM5.04bil West Coast Expressway (WCE) from Banting to Taiping, the RM2.5bil Kinrara-Damansara Expressway (Kidex), the RM1.5bil Kuala Lumpur Outer Ring Road (KLORR), the RM4.18bil Damansara-Shah Alam Expressway (DASH), the RM4.3bil Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) and the Serdang-Kinrara-Putrajaya Highway (SKIP). Sometimes, the abbreviations just make you laugh but humour aside, this meant that the expectations are that there would be more people in terms of new population and more cars on the roads. Quite an exciting period indeed for those who has bought properties which are well linked by expressways.

highwaysWorks Minister Datuk Fadillah Yusuf also said this about KIDEX.  “If you look at Kidex, the promoters have received the feedback from the public for realignment … with the information, we now need to sit down and evaluate how to proceed with the project,”. If we look at this statement alone, I think the chances that KIDEX will proceed is extremely high. KIDEX was a highway which faced heavy objections from the public staying along the route. You can read my earlier article on KIDEX here. KIDEX off? KIDEX on? More expressways on the way.

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For those who are thinking about buying stocks of construction companies, the Minister said that the industry is expected to continue its double-digit growth due to the ongoing construction activities from both the private and public sectors. Overall project value? RM110 BILLION. In terms of stocks to buy, RHB likes GAMUDA as it is a proxy to the Klang Valley MRT project. Do note that GAMUDA was also mentioned as one of the potential bidders for Penang’s Transportation Masterplan a few months ago.

CIMB meanwhile said that “Expectations are still high for Muhibbah Engineering Bhd securing packages in the Refinery and Petrochemical Integrated Development project in Pengerang, Johor. While still skeptical, investors were eager for the high-speed rail updates and keen to hear our opinion about YTL Corp Bhd’s advantage,”. Again, note the word ‘skeptical’ and ‘eager’. Sometimes, it’s very funny because if you are skeptical, why are you so eager? Well, just look at the Facebook comments. MANY said the household debts in Malaysia is way too high. Yet, MANY are still so positive about property investment. Great, ‘skeptical’ and ‘eager’.

Personally, I continue to like secondary market at least for the next 12 months because I think it will continue to be slow. As for the new launches, I think the prices may not rise as much as previously but average prices, without much doubt would continue to rise for now because the owners of luxury properties may not be willing to part with their property for lesser profits while the secondary properties, for those below RM500,000 ones are likely to inch up bit by bit as those needing a home buys one. Happy investing or waiting but not speculating.

written on 20th Sept 2014

Next suggested article: NEW highways, NEW developments, SURE objections

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