With the current petrol hike until market price soon in August. A 1KM nearer to the place you work and hang out will make a difference in your pocket for the long run. Development that further away from KLCC vicinity will be cheaper and price might even drop soon which is a good buy. BUT it is clear that your travel expenses will double/tripple seeing oil will rise until USD 200 a barrel in next year. Will Toll and misc indirect expenses, you will feel burden soon.
Actually the trend has started that a lot of young people actually preferred to buy apartments or condo nearer to KLCC eventhough it has smaller build up instead of getting landed at same price but far away land. Factor in the further traffic, fuel cost, travel expenses, child education, convenience; undeniably that nearer to KLCC is still a clear choice. I already heard that those development in North and South corrider starting to go bear with recent fuel hike. Places like Rawang, SG Long, Kajang, Seremban 2, Klang. A good reference is KL Draft 2020 and see DBKL has focus on KLCC as a center. I know this plan is still no concrete yet but at least you can see a general direction of where development can be.
Property price/value (Petrol hike), How petrol hike can affect price/value?
Jun 10 2008, 12:30 PM
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