First-Time Homebuyers Urged to Consider Transport-Oriented Projects
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The soon-to-be-built MRT 2 will have significant benefits in the future. First-time homeowners have been encouraged to consider investing in transport-oriented development (TOD) projects.
According to the founder of Khalil Adis Consultancy Khalil Adis, young housebuyers should target affordable home with good potential for capital appreciation by stuÂdying infraÂstructure projects along the line.
"As the line is still under construction, the prices of development should be considered as very reasonable. They should look into growth areas and study TOD projects, which fall under the distance requirement" he said.
Khalil said the Government has also mandated that there will be more TOD projects in the future.
"This will help to solve transportation woes, and it is better to buy a home rather than a car" he said, adding that although having a car in Kuala Lumpur is one of the necessities, it depreciates in value.
He agreed with the Government's decision to streamline affordable housing agencies, saying that there should be a more cohesive voice and policy when handling housing issues.
"Previously, it was very confusing for consumers with various projects run by different agencies, making it difficult to come to a decision.
"With one agency, issues can be addressed and resolved quickly by the authorities" he said.
AMACC Corporate Services Sdn Bhd director Amsyari Zarir Abdul Syakur said before the implementation of the Sales and Services Tax (SST), buyers and investors should grab the opportunity to invest.
"We are not sure how SST is going to be implemented but investors can take note that the legal fees will be cheaper without the GST. I do not expect developers to bring down prices of their properties because most were constructed before the zero-rated GST took effect," he said.