Values, rents of properties close to MRT stations poised for 25% increase

KUALA LUMPUR: Values and rents of properties within developments in the Klang Valley close to the proposed mass rapid transit (MRT) stations as properties adjacent to the stations are poised to increase by as much as 25%, said Ho Chin Soon Research Sdn Bhd director Ho Chin Soon.

Citing various data culled from the internet, he said this was naturally due to the strategic location of the properties which will be in close proximity to the stations, he said.

The provisional Sg Buloh-Kajang MRT line is expected to have 34 stations. Some of the stops include Taman Tun Dr Ismail, Pusat Bandar Damansara, Section 17 Petaling Jaya, Central Market, KL Sentral, Pudu, Bukit Bintang, the upcoming Kuala Lumpur International Financial District (KLIFD), Jalan Cochrane and Maluri.

He was speaking at the 4th Malaysian Property Summit 2011 (4MPS) organised by the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS).

The summit aims to give property industry players an authoritative view of the industry and features valuers, land economists, property consultants and real estate investment analysts as speakers.
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