Median price of homes near Pusat Bandar Damansara MRT station at RM4 Mln

Source: 123rf

30 October, KUALA LUMPUR – The prices of homes within a 1km radius surrounding the mass rapid transit (MRT) station of Pusat Bandar Damansara has the most expensive houses at a median price of RM4 million, according to Centre for Governance and Political Studies (Cent-GPS).

Based on the report, MRT Study: B40 and M40 groups benefiting from the MRT project, Cent-GPS also found that the median price of houses around the Sungai Buloh MRT and Mutiara MRT stations would only be affordable to expatriates, that is one per cent of Malaysia’s total population .

Whereas, this area is not considered a luxury neighbourhood based on its location from the city centre.

“However, new developments in this area have homes such as double-storey semi-detached houses and bungalows that are not affordable to the B40 and M40 groups (lower income and middle income), according to the behavioural and social science research firm based here.

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The statement also questioned why the MRT did not achieve its construction target of 250,000 passengers a day after a year of operating with a mere 140,000 passengers a day in March.

The Cent-GPS statement also mentioned that only eight of the 31 stops all leading to the Kajang MRT stop can be categorised as affordable housing for the M40.

– BERNAMA

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