Petrol is cheap, car financing is high .. So why bother to take public transportations ??

Janji gaji xcukup makan ke roti ke bubur pon mesti belikan kerete

There are 29 and 36 stations along mrt1 and mrt2 line respectively. how many condo within walking distance to each station? total how many?

This post has been edited by icemanfx: Aug 3 2022, 02:02 PM

A long period of Paradigm shift may take up to 10-20 years or more. Govt need build more units around mrt lrt station prepare for inflation, recession or any unforseen future. Especially younger generation or old people facing financial pressure still can stay near mrt.

Believe will continue non-stop to build massive supply condos, apartments or flats around public transport station.

Price will go up or not really depend. But if the surrounding combo package good sure can go up. Coz demand higher than other mrt lrt spots.

This post has been edited by wotpian: Aug 3 2022, 03:27 PM

if for own stay, i definetly dont want find near lrt / mrt station bcos of the noise and crowd

I don't think so. Some mall like Cheras Sentral still cannot survive with an MRT station next to it.

If underground mrt lrt should be better.

Kerinchi station also quite sad. The mall that nestle it is literally dead.

Too near to super famous midvalley and no unique selling point, not like good neighbourhood mall Bangsar Village and BSC. Been there once... Really lousy mall.

With Abdullah Hukum Station connection open up more easy access to midvalley will even attract more ppl to go midvalley. Last time only can reach by ktm... KTM made huge profit after open up a station next to midvalley.

This post has been edited by wotpian: Aug 3 2022, 09:24 PM

However, the CBD next to kerinchi suddenly boomed.

While the mall remains dead

First thing first, Malaysia not an island. We don't have limited land space like HK / SG. Not to mention that everyone now can afford a car. (Even fresh graduate). And our petrol are still quite cheap compared to these countries.

Because of these factors, most Malaysian opted to stay away from density and all the hoo-hah when the age is catching up to them.

When I was young, I rented house near Wangsa Maju LRT. It was the best. I can go KLCC / Bukit Bintang without worrying transport. Not until I have a family and I prefer to live in a less dense and more serene place.

The only benefits living near to MRT/LRT for me now is the convenience, where I can easily replaced with car nowadays. So the properties near MRT/LRT for me are better for rental. Especially those who yet to able to afford buying own properties and looking to just live near to their workplace (fresh graduate / expats)

Definitely not for own stay unless you accidently bought or have no other choices.

So for the TS, it worth more if you know how to "monetize" it. If you think buying property is a sure-win investment according to auntie uncle, then this is not a suitable investment for you

This post has been edited by temptation1314: Aug 4 2022, 01:02 AM

personally....
if own stay... dislike near LRT / MRT station because of the noise and crowd... not forgetting the double park cars on the road... congestion

Property & Project near Public transport still worth it. Malaysia government will continue enhancing the public transport system in the main city, and klang valley instead of building more and more highway. As now our country public transport system is not yet matured and fully coverage like other country, but slowly our transport system will be changed bit by bit. We dont know our government will implement more and more restriction for car user in feature included

1. Car petron subsidised
2. Toll fee (price charged depend on timing peak session)
3. Car usage year restriction
4. Parking price rate in city / hour restriction
& etc. Somemore using public transport is more environment friendly, so i think property near transport is still worth it.

No matter how govt will continue to enhance the public transport, it's for future planing, don't wait until last minute when all price shoot up skyhigh can't come down. Even China so big, their few cities public transport also top notch and keep improving. So not just only suitable for small countries Singapore or HK area... Bigger countries like Korea, Japan also suitable. Jakarta Indonesia also rushing to build up the public rail system. Vietnam also dying to have it more public rail transport. Middle East oil rich countries now also working close with China try to build better public transport system in their own country.

For Malaysia especially in city area definitely suitable do for better public rail system and connect to few satellite townships or suburbs area. Govt will continue to build more houses around station.

This post has been edited by wotpian: Aug 5 2022, 01:28 PM

The problem with Klang Valley's rail is it is too KL-centric - nearly all lines meet in KL, hence the interchanges are mostly around KL too. There are many who stay at suburbs & satellite cities (PJ, SJ, etc) and work in KL, but at the same time, there are also many who stay in one satellite city (e.g Subang Jaya) but work in another satellite city (PJ, Kajang, Shah Alam, etc). Problem is, taking rail from one satellite city to another is too much of a hassle. Imagine someone staying in USJ and works in Bandar Utama takes the LRT from Taipan towards Pasar Seni, then change to MRT & travel to Bandar Utama when driving directly via the NKVE makes more sense in terms of time & distance?

What Klang Valley needs more are rail lines that interconnect suburbs & satellite cities - covering as far as Puncak Alam in the north, Klang in the West & Sepang in the South with multiple circular lines. MRT3 will be one such circle line but it is again, KL-centric. We probably need circle lines that crosses areas like Kota Damansara, Kelana Jaya, Subang Jaya, Kota Kemuning, Putrajaya, just to name a few.

It's a trend for KL centric direction. This is why expension still focus on KL city and spread it outward. Its cost saving too to focus 1 place infrastructure.

After many countries case study. The best it's still city centre centric, which can save more resources and let the business activities focus more in 1 place.

Just like Tokyo, Seoul, Ho Chin Minh city. For China which area is too big, but they will also focus on few cities to make it a mega size city. Basically a super size city is the direction and trend for future. Unless got better solution.

This post has been edited by wotpian: Aug 5 2022, 09:00 PM

bestest in syok sendiri.

Don't upset. It just almost all cities trend in other country as bigger scale city a mega city, not only in Malaysia KL. So susah for people to fry up the property price when supply is abundance.

TRX is not in CBD, not a Canary wharf either.

For your opinion which part of KL consider cbd?

I think the question is ceteris paribus whether people will pay a price premium to buy or rent a property near a MTR station. The last known study in KL was in 2017 by URBANMETRY. Google the company name in EdgeProp- the CEO is Cha-Ly Koh. It looked at price data for Greater KL for a single year 2015 . The price premium was 1%. But that was in 2015. Maybe as ridership increases there might be a different conclusion