MRT Line 2, some recent positive updates

Greater Kuala Lumpur is definitely a good place to do property investment. We can keep blaming the jams or take some actions because MRT Line 1 would be fully operational by mid of 2017. In fact, the Sungai Buloh to Semantan station will start operations in December 2016. Yes, I am quite excited and would definitely try it out with my family. MRT Line 2 is now the new sensation. This is also known as the MRT Sungai Buloh – Serdang Putrajaya (SSP) Line. Do you know where are the stations for MRT Line 2? Read here: 31 new MRT stations, look out for more choices 
MRT Line 2 is also moving along and many companies were recently announced as winners of many of the available work packages. Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) Chief Executive Officer Datuk Seri Shahril Mukhtar said that MRT Corp would be awarding contracts worth RM10 billion within six months. To date, almost RM18 billion worth of contracts have been awarded under MRT Line 2. The overall construction cost for Line 2 is at RM32 billion. This is higher than Line 1 which cost RM23 billion. MRT Line 1 is at 84 percent completion currently.
Just a few days ago, I wrote about LRT Line 3. It’s moving along just fine. Read here: LRT 3 is moving along, RM9 billion and 26 stations  It’s important for everyone to start noticing all these new upcoming stations, especially the less familiar names. The property price increase will definitely slow down not just because of the current market situation but because there would definitely be more accessible choices too. Also, the prices have gone up much faster than the salary during the 2009 – 2013 period. So much so that Khazanah Research Institute said that the prices of properties are today very unaffordable. To be affordable, KL homes must be RM280,000 Before anyone starts to be alarmed, do take a look at what’s available below RM300,000 in the Klang Valley today. There are still choices. Happy buying.
written on 12 May 2016
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