Headline Zooming in on TODs MediaTitle The Edge Financial Daily Date 19 Apr 2019 Color Full Color Section TheEdgeProperty.com Circulation 4,562 Page No 1,4,5 Readership 13,686 Language English ArticleSize 2943 cm² Journalist SHAWN NG AdValue RM 32,260 Frequency Daily PR Value RM 96,779 Headline Zooming in on TODs MediaTitle The Edge Financial Daily Date 19 Apr 2019 Color Full Color Section TheEdgeProperty.com Circulation 4,562 Page No 1,4,5 Readership 13,686 Language English ArticleSize 2943 cm² Journalist SHAWN NG AdValue RM 32,260 Frequency Daily PR Value RM 96,779 EdgeProp.m Look out for these TODs PICTURES BY LOW YEN YEING | BY SHAWN NG begun to realise that it is not that noisy and that it is very convenient to commute to work in the city t has been almost two years since the Sungai centre using the MRT,” Teh says. Buloh-Kajang mass rapid transit (SBK MRT) line According to Google Maps, driving between became fully operational in July 2017 and since Jalan Bukit in Kajang and the Kuala Lumpur city then, transit-oriented developments (TODs) can centre could take up to almost two hours during be seen popping up along the 51km rail line. morning peak hours, compared to about 40 min- A TOD is often defi ned as a mixed develop- utes using the SBK MRT line. Iment typically within a 400m radius of a transit “We see buyers slowly adopting the concept of station or any public transport network. TOD living especially those who are in their 20s To date, as many as 24 TOD projects have been to 30s. Th ere are also some high-income earners rolled out along the 31 stations of the maiden MRT and middle-aged buyers who want to learn more line in the country with two more in the pipeline. about TOD projects,” Teh adds. One of the latest projects launched is the Parkland Obviously, property developers and policy mak- Residence @ Cheras South which is located next ers are looking to take advantage of the rail lines to the Cheras Batu 11 MRT station. and hence one can expect more TODs to come up TODs can be seen popping up along the 51km SBK MRT line. Since its offi cial launch early this year, the ser- in the Klang Valley. viced apartment project by Melaka-based devel- According to Zerin Properties, there are some SUHAIMI YUSUF | THE EDGE oper Parkland Group has recorded a take-up rate 26 TOD projects coming up along the 35 stations grated Development Sdn Bhd are actively seeking of about 80% for its 714 units as at March 18, ac- along the SSP MRT line. opportunities to build TODs. cording to the project’s marketing agency Mega- Th e 52.2km SSP MRT line is the second line that “Developers with land bank close to the tran- Harta Real Estate Sdn Bhd. will stretch from Sungai Buloh through the centre sit stations are quick to capitalise on the growing Besides Parkland Residence @ Cheras South, of Kuala Lumpur, ending at Putrajaya. trend and demand for TODs while some of them MegaHarta Real Estate is also handling the sales According to the MRT Corp website, the second form joint ventures with transport corporations and marketing of another TOD along the Sungai MRT line has achieved a completion rate of 44.6% such as Prasarana Malaysia Bhd to roll out TOD Buloh-Serdang-Putrajaya (SSP) MRT line. Called as at end-Feb 2019. Phase one of the line from the projects,” he says. Residensi Far East, the TOD is 300m away from the Sungai Buloh Station to the Kampung Batu Station Henry Butcher Malaysia chief operating offi cer upcoming Kuchai Lama MRT station. is expected to begin operating in July 2021, while Tang Chee Meng concurs, adding that TODs have MegaHarta branch director Joseph Teh tells the rest of the line from the Kampung Batu Station become mainstream developments that are in- EdgeProp.my that TOD projects along the two MRT to Putrajaya Sentral Station will become operation- creasingly sought after. lines have been gaining attention from property al under phase two in July 2022. Tang: Residential Buyers and investors are attracted by the con- buyers especially young buyers, due to the con- Zerin Properties CEO Previndran Singhe points units in TODs venience of the public transport and the high cap- venience of getting to work from where they live, out that besides private developers, the TOD con- are expected to ital growth recorded by TODs in Hong Kong and and easily accessible amenities. cept is also fast gaining attention from both federal enjoy better rental Singapore while developers are encouraged by the “No doubt, there is some negativity towards and state governments for its potential to enhance yields thanks to high level of interest in TODs, he notes. TOD projects, due to noise pollution and lack of liveability and quality of life. the availability On top of that, some incentives off ered by lo- confi dence in the effi ciency of the Malaysian public “Developers and transport corporations such of public cal authorities for TODs such as higher plot ratio, transport system. But that seems to have changed as Keretapi Tanah Melayu (KTM) Bhd, Mass Rapid transportation. has also prompted developers to capitalise on after the launch of the SBK MRT line as people have Transit Corporation Sdn Bhd and Prasarana Inte- the growth of rail infrastructure and latch onto the strategic locations of transit stations, he says. PATRICK GOH | THE EDGE A good choice for first-time homebuyers and young earners? Pros and cons For first-time homebuyers and young income earners, residential units in certain TODs along of living in a TOD project the SBK and SSP MRT lines can be a good option. “Residential units within TODs are a good option for fi rst-time buyers with a small household size as Pros Cons it promotes the live, work and play concept in line • Convenience of “live, work and play” • Higher density living in TOD with their lifestyle needs and provides a cheaper as TODs are integrated developments • Potential noise pollution option to commute by using public transporta- surrounded by a wide range of facilities in those projects which are tion. It also off ers good appreciation in future if Teh: We see buyers Previndran: and amenities located directly in front of rail they decide to sell and upgrade to a bigger home,” • Convenience of being able to use tracks and stations slowly adopting TOD projects says Previndran. public transport for commuting to • Lack of privacy and security In fact, some TOD projects along the SBK MRT the concept of TOD particularly at work due to sharing of common line are priced as low as some of the government’s living especially interchange • The need for owning multiple cars facilities with commuters aff ordable housing schemes and within the aff orda- those who are in stations will may no longer be critical • Pricing may be higher than bility range of the M40 and B40 category, in terms their 20s to 30s. enjoy good price • Encourages an active social life projects which are located of absolute price, he notes citing MKH Boulevard appreciation in and a healthy lifestyle further away from the transit II and Aster Residence Cheras. the medium to • TODs tend to adopt a pedestrian- stations Sitting next to the Kajang MRT and KTM inter- long term. friendly design concept • Higher maintenance fees change station, MKH Boulevard II is a mixed de- • Strong prospects for capital growth in and assessment fees as velopment which comprises serviced apartments the long term and more likely to enjoy TODs are commercial-titled and retail units by MKH Bhd. Th e serviced apart- higher rentability and yields developments ments with built-ups from 550sq ft to 950 sq ft are selling from RM250,000 to RM469,000. SOURCE: HENRY BUTCHER MALAYSIA AND ZERIN PROPERTIES Headline Zooming in on TODs MediaTitle The Edge Financial Daily Date 19 Apr 2019 Color Full Color Section TheEdgeProperty.com Circulation 4,562 Page No 1,4,5 Readership 13,686 Language English ArticleSize 2943 cm² Journalist SHAWN NG AdValue RM 32,260 Frequency Daily PR Value RM 96,779 JINJANG SENTUL 9 10 6 7 8 SETAPAK 11 5 MRT 12 SUNGAI BULOH 1 13 14 15 16 STATIONS 4 17 2 3 SEGAMBUT 1 TITIWANGSA 18 corresponding KLCC 2 19 MONT’KIARA 20 ROYAL transit-oriented SELANGOR + PASAR 16 GOLF CLUB SENI 17 developments BUKIT 15 12 14 MUTIARA DAMANSARA 18 DAMANSARA 13 11 21 19 3 TAMAN TUN 7 DATARAN DR ISMAIL SUNWAY 20 4 8 BANGSAR 22 6 9 21 5 10 23 TAMAN CHERAS 22 CUEPACS TAMAN DESA TODs along the TODs along the 23 24 24 SBK MRT line SSP MRT line 25 25 1 Sungai Buloh 1 Sungai Buloh BANDAR 26 2 2 BANDAR Kampung Selamat — D’sara Sentral Damansara Damai — Divo @ The Zizz by 26 TUN RAZAK by Mah Sing Group Bhd and SqWhere by Jaya Megah Building and Engineering Sdn Bhd SRI PETALING 27 Selangor Dredging Bhd 3 Sri Damansara West MINES 3 Kwasa Damansara — Kwasa 4 Sri Damansara East RESORT CITY Damansara City Centre by Malaysian BUKIT 28 5 Kepong Sentral JALIL Resources Corporation Bhd (MRCB) and 27 Kwasa Land Sdn Bhd 6 Metro Prima — Fortune Centra by 4 Asian Pac Holdings Bhd, The Henge Kwasa Sentral — Kwasa Damansara 28 City Centre Residence by Aset Kayamas Sdn Bhd 29 5 7 Kepong Baru — Three33 Residence 29 Kota Damansara 30 6 @ Kepong Baru by TSI Domain Sdn Bhd Surian — Tropicana Gardens by 8 Tropicana Corporation Bhd Jinjang — eNesta Kepong by Thriven Global 30 KAJANG 7 Bhd and Unio Residence @ Jalan Kepong 31 Mutiara Damansara by Aikbee Group 8 Bandar Utama 9 Seri Delima PUCHONG 9 TTDI (Taman Tun Dr Ismail) — TTDI 10 Kampung Batu Ascencia by Naza TTDI Group 11 10 Kentonmen 31 Phileo Damansara 12 11 Jalan Ipoh — The Pano by OCR Noble Land Pusat Bandar Damansara — Pavilion (The Pano) Sdn Bhd Damansara Heights by Pavilion Group 13 32 and Damansara City by Guocoland Sentul West — Rica Residence by Fajarbaru Properties Sdn Bhd, Court 28 @ KL City by Meanwhile, Aster Residence Cheras located (Malaysia) Bhd opposite the Taman Connaught MRT station, in 12 Amazing Consortium Sdn Bhd and Sentul West Semantan development by YTL Land 33 Cheras, Kuala Lumpur is a serviced apartment 13 Muzium Negara 14 Titiwangsa — TR Residences @ Jalan Tun Razak project by Amber Homes Sdn Bhd.