BY CAITLYN NG LI YUIN
liyuin@ocision.com
THE recently concluded StarProperty.my forum touched on a variety of topics, from the effects of the overnight policy rate (OPR) and leveraging one’s profile in mortgage, to the growth and development of Putrajaya.
Ho presenting his talk on the growth and development of Putrajaya.
Experts were at the event to impart their knowledge on how finance and location correlate to the feasibility of purchasing properties.
Ho Chin Soon Research chief executive officer Ishmael Ho presented his talk titled “Growth and development of Putrajaya: Now and then”, where he commented that the population is moving down south rapidly, encouraged by existing and upcoming infrastructure in those areas. A map plotted by the company showed two circles comprising the first and second tiers 20km of Greater Kuala Lumpur.
Putrajaya, which is located within the first tier, is currently experiencing robust population growth rates, signalling that demand for homes is still healthy.
The progression of Putrajaya is rapid even after only five years, where clear changes can be seen, thanks to the Maju Expressway (MEX).
“The expressway was one of the key infrastructures that helped to completely transform Putrajaya.
“Apart from the existing infrastructure, there are two interesting upcoming projects.
“One is the MRT 2, which is also known as the Sungai Buloh-Serdang-Putrajaya line, that is expected to be completed in the year 2022.
“The other is the KL-Singapore High Speed Rail (HSR) line which is located in close proximity to Precinct 12, 14 and 15, in Putrajaya,” said Ho.
Tax and GST consultant Dr Choong Kwai Fatt said the 350km HSR line, which has an expected completion date in 2026, will pass through Putrajaya on its way from Bandar Malaysia to Jurong East in Singapore.
According to Choong, the KL-Singapore HSR line provides direct entry for Singaporeans to access the rest of Malaysia.
With 90-minute travel time, locals and foreigners will only need to take the KLIA Express for 19 minutes to reach KL Sentral, the main transport hub that connects to the rest of Greater KL.
“As Putrajaya is a green and intelligent city, it possesses many of the modern comforts, well-established amenities and excellent infrastructure, thus making it a central point along the HSR line.
“Therefore, one can expect more demand for residential properties in the district,” he said.
For details on future events and happenings, visit www.starproperty.my
