Outline ·
[ Standard ] ·
Linear+
“Are Properties Near MRT Stations Worth More?” Par
|
Cavatzu
|
Aug 3 2022, 06:56 AM
|
|
There needs to be a cultural shift for public transport uptake to increase.
Right now, we do have relatively good road infrastructure as well as affordable private vehicle costs.
Things like carbon tax and/or city toll tax as well as a cessation to subsidised petrol would push demand onto public transport but it would take a very bold government to do this.
The TOD property are decent for investment/rental purposes though for own stay maybe consider a property that is close but not too close in a more quiet enclave which gives you that occasional convenience when you need it.
|
|
|
|
|
|
Cavatzu
|
Sep 3 2022, 10:55 AM
|
|
The tenant base in KV is primarily local young adults and the temporary work force. Convenience and connectivity is key so of course proximity to public transport is worth more.
The question is how close is desirable and whether it’s offset by the premium. Some people like to stumble out of bed into a station. Others may prefer something up to half a km away - close but not too close.
|
|
|
|
|
|
Cavatzu
|
Sep 3 2022, 02:41 PM
|
|
QUOTE(SPHead @ Sep 3 2022, 01:25 PM) Not really. DPC and MK appreciate without a station, not to say those landed prop in KV, did bukit tunku, bangsar or Damansar Height landed appreciate due to lrt? Even surround twins tower prop appreciate, not becos of that klcc station, without twins tower, that station just another stop, nothing else. Ease letting out better ROI mayb yes with a station nearby, ecspecially those lower end prop which expect better demand to lrt Ok let’s preface by saying that in the absence of being in a higher socio economic area then yes public transport is a plus point for investment. The areas you mentioned work on different fundamentals - mainly the community and prestige factors. They only cater to a niche segment for rental besides MK and DPC units.
|
|
|
|
|
|
Cavatzu
|
Sep 17 2022, 06:27 PM
|
|
QUOTE(jehhlim @ Sep 17 2022, 05:40 PM) Hearsay there’s one condo near MRT kuchai lama, construction stop one year, many feared the worse is happened Many kuchai lama people stayed nearby there also know that the buyers currently bleeding money with no lights at the tunnel That’s to do with the developer and not so much about the location. People need to be wary of all the new developers that popped up past the property boom of 2014. It was seen as low hanging fruit to diversify from their core business and churn a profit. Obviously things have changed drastically since then and many may flounder if not completely fail in today’s conditions. This post has been edited by Cavatzu: Sep 17 2022, 06:27 PM
|
|
|
|
|
|
Cavatzu
|
Sep 20 2022, 12:23 PM
|
|
QUOTE(PAChamp @ Sep 20 2022, 10:17 AM) Not necessarily true. Myself kena burned in one development with direct walkway to MRT (reputable developer). But I attribute this to the "premium" selling price and the location (next to industrial area with no commercials nearby). However i believe the bottom has been reached. The only way is up now... Based on my interactions with him, it’s SqWhere Sungai Buloh MRT. Well the issue for one is that it’s Sungai Buloh and it was sold at a way premium price by SDB. Like literally double the going rate for the area. But they were sold on all the infrastructure in Kwasa that hasn’t happened yet. The cautionary tale is if you were sold on a large scale fictional infrastructure project then don’t be too early or at least wait for that project to be near completion or you will suffer in the first few years and this is usually a pivotal time for all new property owners.
|
|
|
|
|