Property developer Datuk Seri Lim Keng Cheng said the MRT project was the most significant impact, especially areas that are within a radius of one kilometer from the MRT station.

“The value of property in the area can be increased up to 30 percent,” he who runs a construction business, property development and infrastructure concessions.

 

He said the MRT project has given the advantages and space for investors to carry out large projects such as transit-oriented development (TOD) that provide convenience to the public to use the service.

“In addition to benefiting developers, it is also beneficial to the owner of the property because of the development around MRT remains a bone of contention for people to live in because it is more accessible,” he said.

The first phase of the MRT SBK developed Mass Rapid Transit Corporation Sdn. Bhd. (MRT Corp) started its operations on 16 December for the Sungai Buloh to Semantan with 12 stations as far as 21 kilometers.

SBK MRT projects worth RM23 billion including from Sungai Buloh to Kajang distance of 51 kilometers and 31 stations were targeted to be fully operational by July next year.

The survey found that although phase II MRT SBK to involve a path from Damansara Heights are being implemented and is expected to be completed in July next year, other development around the project phase II was also booming.

Keng Cheng said the company is implementing the integration of development involves the construction of a hotel, 1,500 apartments and a shopping center in Cheras and when completed, it can connect directly to the MRT station Mutiara Taman involved in phase II MRT SBK.

“Although the price per unit is high, ranging from RM500,000 to RM1 million, all of these have already been sold this shows there is still a high demand from buyers,” said Lim.