i dont think mrt property is supposed to be considered luxury property.

the comparison is flawed, mrt properties tend to be mid range properties.


for eg: A low cost apartment that would be worth 100k in any other place may be worth 250k-350k beside an mrt.

a rm1million condo property in a gated and guarded area might be worth less if it was beside an mrt.

the pool of tenants is different.

Ceteris paribus means "if all else equals", its also used predominantly in economics. It seems like u dont even know that.

Let me pull out the article i got from gooling mrt properties in malaysia 2017 the edge.

https://www.theedgemarkets.com/article/home...best-performers


Homes near LRT/MRT among 2017’s best performers

"DESPITE the current property market slowdown, there are still some residential properties in Kuala Lumpur and Selangor that have seen strong transacted price growth in 2017. Notably among these properties, many were located near light rail transit (LRT) and mass rapid transit (MRT) stations. The positive impact from the enhanced rail transport infrastructure, especially with the completion of the Kelana Jaya LRT extension line and the MRT Sungai Buloh-Kajang line, cannot be denied — some of these projects even recorded double-digit price growth in 2017.

The latest data in the Malaysian Property Market Report 2017 published by the Valuation and Property Services Department (JPPH) recently showed that certain terraced houses, apartments and condominiums had witnessed significant capital appreciation. This was particularly evident among non-landed residential properties located near LRT, MRT and KTM Komuter stations."


I dont actually have a strong opinion on this. But the facts disagree with your comments.

Just off the top of my head, without much thinking. I can think of several mrt properties(low cost), that fetches a rental that is almost double of property without rail connection. Im talking about those low to medium cost apartments.