Financial Is property going to drop?, General property price discussion
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 Feb 17 2011, 02:23 PM
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#61
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Senior Member
4,440 posts Joined: Jan 2010 From: Kuala Lumpur  
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QUOTE(prody @ Feb 17 2011, 02:05 PM) If I don't need to use it, why would I want to have it near my house? What is the advantage? Your wants and needs are not gonna affect the property value |
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Feb 17 2011, 02:29 PM
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#62
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Senior Member
4,440 posts Joined: Jan 2010 From: Kuala Lumpur
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QUOTE(HaoYuan @ Feb 17 2011, 02:07 PM) hey, listen to radio that the MRT only takes 5 years to complete 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 |
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Feb 17 2011, 04:16 PM
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#63
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Senior Member
4,440 posts Joined: Jan 2010 From: Kuala Lumpur
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QUOTE(prody @ Feb 17 2011, 03:57 PM) I'll give you an example. 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.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. |
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Feb 17 2011, 04:18 PM
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#64
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Senior Member
4,440 posts Joined: Jan 2010 From: Kuala Lumpur
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QUOTE(teoanne @ Feb 17 2011, 04:03 PM) 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. For your info i am also a TTDI property owner and resident. I'll reserve my moral judgement on this, but alas...there are people like that :-P Maybe the TTDI people have the same mindset?  |
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