Survey: HSR, MRT megaprojects to boost property market


SURVEY | Major infrastructure projects, like the KL-Singapore High Speed Rail (HSR) and the Mass Rail Transit (MRT), are set to return investor confidence to the challenging domestic property market, according to a survey conducted by the Malaysian Institute of Estate Agents (MIEA).

Of the 370 MIEA members and estate agents surveyed, 91.5 percent expressed confidence that the HSR will have a “medium to high impact” - improving prices and demand between 10 to 30 percent - on the local property market this year.

Slated for completion in 2026, the HSR is set to take passengers from KL to Singapore through Selangor, Negeri Sembilan, Malacca and Johor in 90 minutes.

Meanwhile, 85.2 percent of the survey's respondents think that the MRT 2 (Sungai Buloh - Putrajaya) and the MRT 3 Circle lines will help bring growth to the property market...