The start of MRT and the rise of properties prices nearby

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MRT Sungai Buloh-Kajang (Phase 1 of Line 1) has started. It’s 51km in total length with 31 stations. What are we going to do about it? Well, perhaps take advantage of the free ride for one month? Too bad, it’s not yet fully connected to the LRT so that it can bring me to the city centre. However, for those who does not yet own their first property, this is a good time to scout for homes nearby the MRT stations. No, not just Line 1 but also the MRT Sungai Buloh- Serdang – Putrajaya (Line 2). Some property experts were quoted in a recent MRT related article predicting the rise in property prices along the MRT Line 1. Read the full article in freemalaysiatoday or a brief below.

National House Buyers Association secretary-general Chang Kim Loong said, “Property owners stand to enjoy the higher capital appreciation that comes with enhanced connectivity.” His advice, “Buy from developers who have good track records and strong financial positions” He also mentioned that buyers should think about buying in areas less congested. (He did not mention the actual area but I think he meant less popular areas today) 

Auctioneer Suresh M said properties within 5 minutes to any MRT station should gradually increase in value. He said, “Even before the launch of the MRT, developers had already started using the project as a marketing point to sell their properties.” He also mentioned that areas with established commercial areas would fetch higher prices. For example, Mutiara Damansara, Kota Damansara and Bandar Utama. these locations have shopping centres, office blocks and other amenities and thus they are more attractive to potential house buyers. (I agree these are good and established areas but there is little need to only focus on these areas. It’s the best time to expand the acceptable areas with new MRT stations) 

Times are really slow according to everyone I know even though most people I know are still eating lunches which are easily double the price I usually pay for my lunch. Here: Eating cheaper is still possible, depends on us actually To be honest, there are only two real choices depending on what we believe in. Times are getting worse, better save every ringgit you have. “Winter” is coming. To those who believe times are ripe for opportunities, better stop doing non-value added stuffs such as hanging around cafes. Viewing properties may be a better choice instead. I believe the positive but unfortunately, I am just a working professional. I need time to save bullets. Haha. Happy riding the MRT.

written on 18 Dec 2016

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