It's so important to be true to yourself "
From map reading to identifying growth areas, this easy-to-understand session aims to assist first-time homebuyers looking for homes along the different train lines in KL/Greater KL.
By Khalil Adis
If you had enjoyed reading 'Property Buying for Gen Y', then you are in for a special treat.
For my upcoming talk on January 11 at Havoc Hartanah 10, I will be including new materials that will cover newly completed as well as upcoming train lines in greater detail.
Take this as 'Property Buying for Gen Y' part two - this time with more emphasis on one of the 5Cs I had mentioned in my book which is to check for transport masterplan.
Here are five things you can expect during my lesson:
#1: A combination of 'Property Buying for Gen Y' and 'Connectivity & Your Property'
I had spent an enormous amount of time to write, conduct research and take photos for my upcoming book.
For this lesson, I will place more emphasis on transportation, specifically the Sungai Buloh - Kajang Line (SBK Line), Sungai Buloh-Serdang-Putrajaya (SSP Line), Ampang LRT Extension Line, Kelana Jaya LRT Extension Line and LRT Bandar Utama-Klang Line (Klang Valley LRT Line 3).
We will then dive deep into each line before identifying the growth areas.
#2: Learn how to read transportation masterplan
This is part of the diving deep process that you will undergo.
This is where you will learn some of the key facts and figures of each line.
Understanding transportation masterplan is part of the process in one of the 5Cs in my book - check for budget allocation from the government.
We will then analyse how such budget allocation will have an impact on property prices along the lines.
#3: Find the sweet spot in terms of distance to train stations
While you may want to buy close to train stations, you also want to be careful not to buy to close, especially for elevated train stations.
Also, there are certain requirements that developers will have to adhere to qualify for transit-oriented development (TOD).
Learn what the sweet spots are and how they may impact on your resale and rental value.
#4: Not all growth areas are created equally
During the lesson, we will identify growth areas along the lines.
However, not all areas are suitable for you as some are located in mature areas.
For example, while Tun Razak Exchange MRT station will serve the upcoming Tun Razak Exchange, the properties around the area will not be affordable for first-time homebuyers.
On the other hand, such an area will be suitable for investors looking to buy their second home or for rental income.
These are some of the due diligence points we will cover.
#5: Identify areas where you can find affordable properties
The key to finding affordable properties along the lines mentioned is to identify areas where there are new or upcoming train stations and where the government has announced plans to create upcoming economic zones.
Such areas will have to be away from the city centre but close enough to train stations and dedicated hubs mentioned so you can experience price appreciation over the long-term.
Learn where they are along the lines mentioned.
Don’t forget to bring your notebook along and ask questions after the lesson.
Details of my talk below:
Topic: Connecting the dots and finding the hot spots
Date: 11 January 2020
Venue: Wisma Sejarah, Jalan Tun Razak, Kuala Lumpur
See you there!
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