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TTDI residents will file lawsuit against MRT, building near their area News
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FastCoder
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Dec 5 2012, 02:42 PM
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Building MRT stations near low-density housing estates like TTDI just doesn't make sense. It's a known fact that existing LRT stations next to low-density housing estates have low ridership.
To boost ridership, land around LRT and MRT stations should be compulsorily acquired to be redeveloped into huge condos. Profits from such ventures are enough to finance the building of any number of MRT or LRT lines.
No noise issues. No low ridership issues. No funding issues.
Use one stone to kill 3 birds at once.
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FastCoder
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Dec 5 2012, 03:00 PM
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QUOTE(Kampung2005 @ Dec 5 2012, 02:57 PM) The issue is the track, not the station. The station itself is further away from the mentioned area. Just acquire the whole wide area. Develop into another Mont Kiara.
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FastCoder
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Dec 5 2012, 03:11 PM
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QUOTE(Kampung2005 @ Dec 5 2012, 03:04 PM) Acquiring is not a straightforward task, more so we are talking about this area. Based from all news report, residents want either realignment or compensation or buy out. Acquire solely to make this tiny group happy doesn't make financial sense. What is MRT Corp going to do with the property? Rent them out? Acquire to re-develop the whole area makes perfect financial sense.
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FastCoder
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Dec 5 2012, 03:18 PM
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QUOTE(Kampung2005 @ Dec 5 2012, 03:13 PM) Then the best way is compensation. It had been done in earlier project. What if they demand a compensation close to the market value of their properties? We already screwed-up the city planning of the whole Klang Valley by allowing the uncontrolled growth of urban sprawl. Redeveloping land around LRT and MRT stations is a way to correct this mistake.
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