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.
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