Newsletter 2012 June 01

2012 Newsletter – Issue 1

How is the MRT Project Going to Affect the Overall Property Market

by Choy Heng, Wan Vice President (Executive Principal)

The construction of the much anticipated Klang Valley Mass Rapid Transit (MRT) has finally started. Described as the single most expensive  infra structure project ever in this country, the MRT project which consist of 3 lines across the entire Klang Valley or The Greater KL, is estimated to cost about RM36.6 billions to build, excluding land cost and rolling stocks.

The first line of the MRT project runs from Sungai Buloh to Kajang (SBK Line) stretches about 51 km with 31 stations is expected to be completed by 2017.  Once completed and fully integrated with the existing KTM, LRT, Monorail, KL Rapid bus and the respective feeder bus services, the MRT will have tremendous positive impacts on the value of property located along its route and in the vicinity of its stations, with the exception of a few negative attributes.

A senior local property consultant from an established property firm here, who is also a member of the Board of Valuers, Appraisals and Estate Agents, Malaysia recently said that value of property along the MRT route will appreciate 15% to 25% depending on the location to the stations. While I’m but sure about the quantum of the appreciation, I’m certainly concur that the appreciation of value for property located in the vicinity of MRT route and its stations is certain to happen. This has happened to LRT Putra Line and Star Line extensions which construction is underway now. LRT Putra Line extension starts from Kelana jaya, passing through Subang Jaya, UEP Subang Jaya and ends at Putra Heights. Whilst LRT Star Line extends from Sri Petaling, passing through Bandar Kinrara, Puchong Jaya, Bandar Puteri and finally also ends at Putra Heights.

Since its announcement in 2009, and with construction underway the property value along these 2 extension routes has appreciated tremendously. A basic double storey link house of 20’ x 60’ at USJ 6 was selling in the region of RM250k back in 2009 is now selling between RM400k to RM450k. A basic 3-bedroom apartment of about 900 sqft at Rhythm Avenue USJ19 was selling in the region of RM200k in 2009 is now selling between RM300k to RM330k. Both of these locations mentioned have a proposed LRT station, currently under construction, located within walking distance. Similar patterns of property value appreciation has also been reported at Bandar Kinrara and Puchong Jaya where proposed LRT stations for Star Line extension are to be constructed. Though the appreciation of property value at these areas mentioned is not entirely due to the coming of LRT extension, it is undoubtedly clear that the announcement of the final approval and the eventual sight of physical construction works of the proposed LRT extensions at these areas have inevitably led to the increase demand for property at these areas, hence this pushed up the property price. The construction of LRT extensions at these areas have brought about better accessibility to these locations, making property at these locations become more accessible and appealing to a bigger market, unlocking the value potential of property in these locations.

Running up to 2017 before the MRT-SBK Line is completed, more property developers will be planning high density residential developments along the MRT route. Projects which are strategically located near MRT stations will likely to enjoy good sell-out as buyers are confident of future demand for their property once the MRT is in operation. Proximity of any proposed condominium development in relation to a MRT station has been a major winning factor these days. New launches which are strategically located near to a MRT station will be expected to be priced at least 10% higher than others which are located further away.

Residential developments within walking distance to MRT stations will undoubtedly benefit the most as the demand for rental units at these areas will be guaranteed. Most working class commuters would like to have their rental housing within walking distance to MRT stations as first priority.

Comes 2017 when the MRT-SBK Line is finally completed, the commercial property in the vicinity of MRT stations will be in great demand. The huge number of passengers using MRT will give rise to plenty of new business opportunities of all kinds in the vicinity of MRT stations. This has proven true in Singapore, Hong Kong and Taiwan. Commercial and retail premises which are located near MRT stations at these countries enjoy good occupancy rates and high rental. The same scenario will likely to repeat here in KL.

London Properties, A Safe Haven

by Adrian Yeoh Assistant Vice President (International Project Marketing)


As economic uncertainty continues over the Eurozone this year, an increasing number of international buyers will look in to London’s prime property market as a secure investment in the ongoing economic storm. We are seeing a growing number of investors pulling money from the stock markets to place in property, and this will continue as the financial crisis continues. But it’s not just international buyers. So far this year we have our schemes 100% taken up by local UK investors, many of whom are living locally or looking for an investment property in Central London.

In 2012, London will host the Summer Olympics, and Queen Elizabeth II will celebrate her diamond jubilee, marking 60 years of her reign, and Europe’s tallest residential tower The Shard will be launched to the world. This means, about 6 billion people worldwide will be looking at London.

In other words, a perfect year to market London! We do believe there are particular hotspots in London – the Central Business District being an example. With the severe shortage of properties coming onto the market in Central Prime London, these desirable accessible locations will be real areas of growth in the coming 12 months. They saw rises of nearly 5% last year and as they accommodate the overspill of demand from Mayfair, Kensington and Chelsea buyers, sales prices will rise even faster this year.

In light of this, we will be rolling out hot off the press a Prime Central London scheme which we are now the only South East Asia agent who has the information ahead of the international launch in February. Please see the team for details.

“The secret of success is
to do the common things
uncommonly well.”

John D. Rockefeller

Editor’s Note
by John Chiang

In a blink of an eye, we have reached the mid-term of 2012. How time flies!

I am proud to finally roll out the First edition of Property Hub’s Newsletter. I must say, it’s the next step for greater things to come from us, a passionate team that strives for the best for our cherished clients, you.

Our intention here shall be direct and simple. We promise to share with you our genuine thoughts and perspective of the market. We do not intend to set judgements but only to deliver our humble opinions. You set your verdict.

And, we wish to extend our utmost gratitude for the opportunity to share with you.

Thank you and enjoy the read.

A Message from our President
by Madam Patricia Ng

I have to dedicate many of the company’s successes to my brilliant management team, helmed by Christopher Lim and Ben Tee. Since embarking on the rebranding from Meru Utama Realty to Property Hub Sdn Bhd in 2010, the company has grown from strength to strength. Many thanks to our invaluable staff members for having contributed immensely towards the company’s ascending path.

From inception, a well-trained and experienced Administration and Accounting Team had taken care of the office matters including managing the property transactions in a very professional manner. The formation of the Continuing Education Department next helped to impart the necessary skill and knowledge to mould our Real Estate Negotiators into professionals filled with passion and integrity.

Our move to a better office environment in Solaris Mont Kiara gave the team a bigger space to develop and realize the team’s potential, and to serve our clients better.

The Marketing and Communication Department, MARCOM, was developed and officially launched in 2011 to embark on brand building and to communicate our brand to our clients. The revamped and improved website launched in April 2012 is but one of the many tools which MARCOM will be rolling out this year.

I am proud that we have again set another milestone by producing our first newsletter. I believe that the time has finally come for us to be able to extend our gratitude to you, our valued clients, by continuously providing valuable information and insights from time to time through the newsletter.

I trust you will find our inaugural issue both interesting and enriching.

Happy reading!!

From the desk
of Senior VP

by Christopher Lim

It is a great honour for me to thank all our clients for their support towards the growth of Property Hub Sdn Bhd.

On behalf of Team Property Hub, we would like to give our commitment to grow our team to better serve our valued clients’ real estate needs with much Passion, Integrity coupled with our unique ‘Property Hub’ teamwork spirit.

I would also like to take this opportunity to congratulate and welcome the our Business Leaders of Property Hub in Soon Hin, Philip, Irene, Iszac, Henry, Marianne, John and Joselynn. These appointments are very significant as it marks the growth of the company and with a passionate team helming key positions, it will definitely further rejuvenate the company to scale new heights. Congratulations and Thank You Team!

Our leaders’ dedication has produced a record breaking achievement by producing our Top Sales Persons for 2011, Phoebe Tan. Phoebe not only won the overall awards but claimed the Top Rookie 2011 as well. The icing on the cake for our team is when Phoebe went on to win the ERA Asia Pacific Top Rookie (Commission received category) by claiming the 4th position, out performing thousands of negotiators from the region which includes Japan, Korea, China, Taiwan, Hong Kong, Thailand, Singapore, Indonesia and of course Malaysia.

Together with Phoebe Tan, Michael Lim and Irene Leow joined to take all the top three spots of the ERA Malaysia Top Performers! Another Rookie negotiator, Mary Neoh also went on to win the ERA Asia Pacific Top Rookie (Most transactions category) by securing the 5th position. Congratulations!

All in all, 2011 has been a great year and with our valued clients support, we strive to achieve a greater and better 2012. Thus, our theme for the year, “Staying Passionate – towards a Great Year through Commitment”. Let’s do it again!

Thank you.

Condominium – For Sale

Tiffani, Montk Kiara
BU: 1,641sf; 3+1R3B
Price: RM1.05M

Bungalow – For Sale

Damansara Heights
LA: 7,500sf; BU: 4,300sf; 4+1R4B
Price: RM5.5M

Condominium – For Sale

Angkupuri, Mont Kiara
BU: 1,550sf; 3+1R2B
Price: RM659K

Shoplot – For Sale

Solaris Mont Kiara
BU: 24′ X 70′
Price: RM5.5M

Condominium – For Sale

Ritz Perdana 2, Damansara Perdana
BU: 420sf; Studio
Price: RM300K

Officelot – For Sale

Plaza Damas 3
BU: 1,033sf to 1,290sf
Price: RM3.18M

Bungalow – For Sale

Damansara Heights
LA: 6,400sf; BU: 7,000sf; 5+2R/7B
Price: RM6M

Officelot – For Sale

Oasis, Ara Damansara
BU: 1,052sf
Price: RM526,000

Kindly contact Ms. Jesica for further information on the listings above @ +60 3 6203 8833

Copyright © 2012 Property Hub Sdn Bhd, All rights reserved.

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