Pros & Cons of Buying Property near LRT, MRT Stations
When investing in a property, you would hope to yield profit from either the tenancy and/or resale. Even if you intend to purchase a property for your own residence in the foreseeable future, it is best to be sure that it stands to improve in terms of value.
Early in 2012, the Malaysian government announced that two of Klang Valley's light rail transit (LRT) lines, the Kelana Jaya and Ampang LRT lines, will be extended and stand to benefit areas such as Lembah Subang, Subang Jaya, USJ, Putra Heights, Bandar Kinrara and Puchong upon its completion.
Advantages of buying a property near LRT/MRT stations:
a) Value Appreciation
Properties that are close to transportation hubs tend to appreciate in value far quicker and retain value better than those that are less ideally placed. Though the prices have not changed much in recent years, properties in Subang Jaya, USJ and Sunway are expected to pick up due to the proposed LRT stations in the area.
b) Higher Rental Yields
While the rental market is only affected by the current situation and the LRT extensions are not built yet, rental prices will go up when the stations are completed.
c) Convenience
The main factors property buyers look for always come back to location, affordability and the type of property. Public transportation may only seem important to a select group of people who rely on the facility to commute. However, this group would be a sizeable target tenant market as it would be their preference to reside in a place that is near an LRT/MRT station.
Disadvantages of buying a property near LRT/MRT stations:
a) Peak Hour Traffic Congestion
Peak hour traffic is known to occur on a daily basis at transportation hubs. This condition affects the peace of living in the area and can cause potential property buyers purchasing for own use to think twice before putting down a deposit.
b) Noise Pollution
LRT/MRT stations are on full force as early as 6 o'clock every morning and as late as 11 o'clock every night. This would only not be an issue if you happen to enjoy symphonies of screeching trains.
c) Undesirable Aesthetics
Residential properties directly facing the stations tend to be relatively 'un-pretty' as compared to the units situated elsewhere; just imagine waking up to a view of facing so much steel and concrete.
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