Your wants and needs are not gonna affect the property value

The initial proposal to build the MRT was put up by Consortium A (which was under a royalty) and called Project X. Then 'someone' in the current gov (i wont say who) gave instructions for Consortium A to pull out and 'allow' Consortium B to come in using Consortium A's proposal. We all know now who is Consortium B.

So based on what i know about the proposal, there is no way the project will be completed in 5 years. Locations of the stations have all been decided in advance to boost property values in certain areas while killing off certain areas.

The ongoing public discussions are merely a cover to show that the Gov is listening to the ppl. But changes to the locations of certain stations have already been finalised in advance. Some stations have option 1 and 2 in relation to location which have been priced in as well. The 'proposers' already know that for certain stations option 2 is better than option 1 but they have put up option 1 as their so called 'proposed' station while expecting the public outcry. Then later on, they will revert back to Option 2. Just a sandiwara to falsely indicate that the Gov is listening to the people ala general election talk.

And for your info, the 'potential' subcontractors for each of the work packages have already been 'finalised' well in advance. The upcoming 'open tender' will all just be a cover up. Its the same for the ongoing tender for the Klang Valley LRT Extensions.

Malaysia Boleh!

This post has been edited by cybermaster98: Feb 17 2011, 02:36 PM

I'll give you an example.

Let's say the MRT runs nearby a neighborhood with rich people who seldom or never use the MRT.
Some of them are going to want to move due to noise pollution, increase in traffic etc.
There won't be many rich people who will move into a nice bungalow with noise pollution from the MRT.
The result is that the property price will drop.

this reminds me of my friend who sold off her property when she heard that public transportation will be coming to her place. She didn't want to lose the exclusivity of the 'high class' area, didn't want more people hanging around the area and is not the sort that would take the MRT even if it is right in front of her doorstep. Of course, she had made handsome gains from the property already before letting it go. Now she is looking for other 'exclusive' areas.

I'll reserve my moral judgement on this, but alas...there are people like that :-P

Maybe the TTDI people have the same mindset?

That is the issue which was discussed in the article. Its not about who wants to move where. Property prices are not dictated by needs and wants. If the property is located too close to the MRT and exposed to the noise and vibrations then the price will drop for sure. Its nothing to do with the neighbourhood being full of rich ppl or otherwise. Its everything to do with the location of the stations and the running lines.

For your info i am also a TTDI property owner and resident.

The article only focuses on the negative impact. In my initial statement I mentioned that prices can go up or down depending on if people living in the area around the MRT want to use it or not.

Again for example, some people won't mind the sound too much if they can just walk to the MRT and use it every day.

In my opinion property prices are severely affected by what people want and need.

eh mm.., so call "economic expert" never mention petrol, insurance, furniture, food/drink, medication, living expenses all increase as well.

http://www.chinapress.com.my/content_new.a...rt=0218bs02.txt

Sorry for jumping into the discussion like this.

Well the price is not determined by an individuals needs or wants. But it is determined by the needs and wants of the potential home owner.

If it is a high-end property and none of those targeting this type of property wants the MRT nearby. Then the price theoretically should drop, until it hits those who do want/need the MRT.

i personally don't want to hv a MRT station near my house although i am not in the Rich group due to security and noise polution issues.

And Malaysian are BAD at maintenance, just go look at the conditions of our LRT stations and compared to the older MRT of HK and S'pore , taiwan and nearer thailand

I don't mind to drive my small little perodua around.

btw, i am just wondering whether anyone here noticed as well that in iproperty recently there seems to have more property up for auctions?

---

Added on February 19, 2011, 5:01 aminflation <3% ? my foot. I think maybe the govt needs to adjust the basket they used to calculate the CPI . My "chap fan" in foodcourt increased from 3.80 to 5.00 over the last 6 months, my assam boy drink increased from RM1.60 to RM2.2, this is >30% increase ok? The problem with these so call experts, an increase of RM1.2 and RM0.6 for them is no big deal so they don't feel the pain and continue to talk what they believe.

This is the problem of having the upper class group to talk about property prices and inflation. the thing is when the medium-high end property prices increased, the low-medium property prices will follow suits, so eventually it affects everyone but the low-middle income group feel the most. The prices of properties are not working in isolation but highly correlated

This post has been edited by dreamadream: Feb 19 2011, 05:06 AM

probably many prop agents convert to represent auctions properties. I heard many agents now dun hv much subsales biz. most buyers now opt for new launch due to lower entry.

elevated mrt/lrt are just like hospitals, old folks home and kindies - everyone like to have it nearby but hates it if too close. and yes, all the past evidence say the powered people only know how to spend when building, then a 3rd class mentality takes over operation and maintenance.

more auctions... suspect the increase is due to a new trend - pay some fees, try to get bidders to pay a good price without buyers looking inside yr house. think this is not illegal and quite common in other major cities.

Are you sure new launch is lower entry?

Example.

BK5:
2006 - 350k
2011 - 500k

I didn't know our income level/inflation raised by 50k a year....
Sad...

it is possible, that mean a fresh graduate need to work without paid by society for at least 4 years (if their basic salary is starting rm2500, how about whose pay below RM2500?), after deduct their expenses (food, entertainment, insurance, car loan, petrol, etc....).

it is just talk about 50k raise/3years...



This post has been edited by sampool: Feb 19 2011, 07:09 PM

if same price, subsales has to pay extra 15-20k for SPA and bank loan legal fee. new launch usually waived

dont think property price will drop...

Example.

Milo Ais:
2006 - 1.60
2011 - 2.20

almost the same by percentage
1 thing for sure our salary wont move like this

milo ais price movement vs petrol price

1.92 sen = RM1.60
2.70 sen = RM1.80
1.80 sen = RM2.00
1.90 sen = RM2.20

much more weird

What about this..

BK4 22'x70'
2000 - 260K
2003 - 270K
2006 - 270K
2008- 280K
early 2009 - 285K
2010 - 400K

2000 - 2009 only increase 25K - does it justify?

Bdr Kinrara's location is far better than Bdr Puteri, it has been under value for the last 10 yrs, 2011 price is just the correct market price, not overprice

property price hike up depends on several factors
Kinrara for example bcos of the surroundings nearby
lots of amenities, roads, ongoing lrt extension etc
and if u look clearly...the location is becoming strategic nowadays

compare to bukit beruntung which the price wont go anywhere
u might get the idea