Properties Near MRT Stations Expected To Appreciate
The Klang Valley MRT Line kicks off with the Phase 1 of the Sungai Buloh-Kajang (SBK) Line on Friday. This will not only benefit commuters but also property owners around the stations.
There was already a “positive response” when Phase 1 of SBK was announced, said Datuk Ng Seing Liong, the past president of Real Estate and Housing Developers’ Association Malaysia (Rehda).
“With the MRT Line in operation, we can expect roughly a 5% to 10% increase in the value of the properties,” said Ng.
This sentiment was shared by Chang Kim Loong, the secretary-general of the National House Buyers Association, who said that properties with good connectivity would fetch higher prices and have better capital appreciation.
Property buyers who are eyeing properties around the MRT stations should do their own research on the location and the property prices, Chang advised.
“Doing your own homework will pay off significantly in the search for your dream home,” he added.
Potential buyers should also research on the developers to ensure that they only purchase properties from developers who are financially sound and has a good track record.