Purchasing a property is probably the most expensive purchase one will ever make in his or her entire lifetime and there are some "blindsight" of purchasing a property especially who totally depends on the advertisement of the developer or the agent advice such as "15 mints walking distance to MRT" without any clarification and analysis. Hence, here are some tips and facts of purchasing a condo or apartment a long Mass Rapid Transit (MRT).
1) Tips: Consumer behaviour and government policies are important towards shaping consumer perception towards public transports and public usage habits.
Facts: Malaysia have more than 680,000 new vehicles on the road per year and one out of every 2.8 Malaysian owns a vehicle.
2) Tips: Middle and low income population reap the benefits of the MRT more as they value convenience over luxury. Cost and time savings on commuting, traffic, petrol and vehicle maintenance means a lot for them.
Facts: High income population value thier privacy and peaceful environment more over the convenience of MRT. Most have many cars or have personal drivers. Many of them have flexible working times and can plan to avoid traffic.
3) Tips: 500 metres represents a walk of under 10 minutes. Malaysia is not a condusive place for walking due to the hot and humid weather. Survey shows that most Malaysians have no issues walking to a destination 10 minutes away, and most will not walk more than 15 minutes to a destination.
Facts: According to the 2020 Kuala Lumpur Structure Plan, public transport utilization in KL is very low, it is estimated that 20% of the population of 2 million residents reply on public transport.
4) Tips: Not all MRT stations will have the same treatment, high profile stations, interchange stations, underground stations and stations located in prime areas will experience better treatment in terms of better supporting infrastructure.
Facts: The success of an MRT station is also very much reliant on good supporting infrastructure includes adequate parking spaces, proper walkways, link bridges, good taxi, bus and shuttle bus connectivity as well as good security.
5) Tips: Look for properties with strong fundamentals including good schools nearby, the availability of jobs, access to healthcare, good entertainment and lifestyle options and connectivity of public transports.
Facts: Remember to plan your ultimate goal before investing into properties. Properties can be held for own stay, capital appreciation or rental yield. It is advisable to consult a knowledgeable and experienced real estate agent or research throughly before embarking on your investment journey.
- Bryan Chin-
Founder
HiProperty.com
No comments:
Post a Comment