fbpx
Previous
Next

Advertisement Banner

When more trains are added to a LRT line, what does that tell you?

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Buying a property, we always need to refer to the 4Ps (Price, People, Preferences and Policy). Very briefly, Price means if we paid too high, we will need to really wait… People means if it’s in the middle of nowhere and no one wants to be staying there…. Preferences meant we look at the trends; malls, cafes, younger work force, smaller families etc… Policy is definitely what the government does; MRT Lines, more infrastructure, a new economic region etc. All these are important considerations and it encompasses a much wider way of thinking versus just location alone which is actually a final outcome from the 4Ps. Here’s an earlier article on 4Ps.

Article in themalaysianreserve.com PRASARANA Malaysia Bhd will add 27 Bombardier Innovia Metro 300 train sets to the Light Rail Transit (LRT) Kelana Jaya Line starting next month until 2023. The new trains will be more comfortable and will reduce waiting time from three minutes to two minutes. He said, “Some other improvements include equipping the trains with the new digital route map display system which is integrated with a better door system and improving the train management system where the status for Passenger Information System for each train will be provided.”

Before the arrival of Covid-19 outbreak and the Movement Control Order (MCO), the LRT Kelana Jaya Line carried an average of 319,241 passengers daily. It has a projected increase in passenger number of between 7-9% per annum and thus these trains are needed. Do refer to more details here: Article in themalaysianreserve.com

319,000 passengers daily is more than double that of the MRT Line 1. This tells us two important facts. #1 is that areas along the LRT lines continue to grow with more population and the lifestyle of driving a car may also be changing too. #2 is that there are lots of opportunities along the areas which the MRT Line 1 passes through. We must not forget that the LRT line did not suddenly carry over 300,000 passengers per day in the beginning. So, what are the actions we could take if we are really thinking of property investment and we want it to be within the connectivities of these train lines? Happy acting on it.

Love to be updated of investment news? Sign up for KopiWeekly. (once per week for property, finance, investment news and more)

Please LIKE kopiandproperty.com FB page to get daily updates about the property market beyond kopiandproperty.com articles. Else, follow me on Twitter here.

Next suggested article:  Slow property market has 7 advantages for property buyers

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

We love to hear from you (Facebook Comment)

LIKE us for property news update, FREE.

Previous
Next

Advertisement Banner

kopiandproperty.com

kopiandproperty.com

kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.
Previous
Next

Advertisement Banner

LIKE us for property news update, FREE.

Property investment news everyday? Subscribe for free!

An article a day, keeps updated all the way.

Join 1,371 other subscribers

Property investment news everyday?

An article a day, keeps updated all the way. Subscribe for free!

join the family

Like us for daily investment news and more

Hit the like

%d bloggers like this: