RAIL EFFECT & GLOBALISED CITY STATUS TO LIFT GREATER KL PRICES

Despite numerous headwinds, the outlook for Malaysia in 2017 remains positive, says real estate consultant Dato’ Sri Gavin Tee.

The landscape of Greater Kuala Lumpur (which includes KL City Centre and its surrounding areas) will completely change starting from 2017 and this will elevate its status to that of a globalised city comparable to other megacities in the region, says Dato’ Seri Gavin Tee, a property consultant.

Tee, who is also Founder and President of Swhengtee International Group says 2017 is a defining year for Greater KL as it will experience the greatest transformation in its history. He has identified 2 major factors that will contribute to its transformation:

1. RAIL EFFECT

By end 2016 or early 2017, Phase One of the MRT Sungai-Buloh-Kajang Line from Sungai Buloh to Semantan will be open to commuters, while Phase Two, from Semantan to Kajang will be operational by July 2017. Collectively called MRT 1, it will have the effect of bringing residents all the way from Sungei Buloh and Kajang to KL city centre speedily and efficiently.

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