Aside from offering improved connectivity, the Klang Valley MRT Lines are also expected to boost the value of properties around the stations.
In fact, Phase 1 of the Sg Buloh-Kajang MRT Line’s (SBK) announcement already generated “positive response” from the public, said Real Estate and Housing Developers’ Association Malaysia (Rehda) past president Datuk Ng Seing Liong.
With the MRT Line in operation, property values are expected to increase by around five to 10 percent, he said.
National House Buyers Association secretary-general Chang Kim Loong noted that properties with good connectivity not only enjoy higher prices, they also have better capital appreciation.
“Properties located nearer to the MRT Lines and stations may fetch higher prices or rentals,” said Chang.
As such, he advised those planning to purchase properties near MRT lines to conduct their own research to determine the prices of houses near the stations.
“Doing your own homework will pay off significantly in the search for your dream home.”
Potential buyers should also ensure that they only buy from property developers with strong financial standing and good track record, added Chang.
Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my
