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Investment SUMMER SUITES AND SUMMER V.O.S. [OWNERS' THREAD], From RM328k off Jalan Sultan Ismail

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smartalec
post Jan 18 2011, 12:28 AM

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i think the MRT project plays a tremendous part in determining prices of properties in KL be it residential/offices. with the completion of the MRT hopefully by 2020, it will bring an influx of ppl wanting to work in kl due to the fact that it will be easier and cheaper to get there. ppl from suburbs will have an alternative go to and coming from to KL aside from getting stuck in hours of jam during peak hours. of course that is if and a BIG IF the MRT is efficient and waiting time be <10mins unlike the KTM commuter. a good example would be singapore where the MRT system is efficient and frequency is 1min during peak hours. you will hardly see empty offices in the CBD. at night u will see whole towers being fully lit. but then again, for KL to achieve something like singapore, it must be a free-er economy and doing business must be easy to attract foreigners. so some years down the road, if the MRT starts chugging along, SS and other residential/commercial properties in KL will see prices sky rocket. jz my 2 billion zimbabwe dollar...
smartalec
post Jan 18 2011, 07:52 AM

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it's true that MRT doesn't pass directly near SS, i was just saying that coz lots of ppl was saying there is over supply of offices/residential units in KLCC area. so if MRT is working as it is meant to be, then i foresee there will be more ppl coming to KLCC area and taking up all those empty space
smartalec
post Jan 18 2011, 08:08 PM

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i think the developer could re-allocate the bumi lots to those unsold units. not sure if this is legal though. who in the 1st place determine that those specific units stated are bumi units? based on throw dice? or is it spelled out by certain authority that unit so and so on floor so and so must be bumi lot?

 

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