YTL Corporation Bhd. is confident in securing a contract to construct a network of high-speed railway for bullet trains.
The proposed bullet train network shall link KL with Singapore, making travel between the two cities a lot easier and speedier.
But, you may ask, what on earth has the proposed bullet train project got to do with land, or more specifically, land value?
According to Tan Sri Dato' Seri (Dr.) Francis Yeoh, MD of YTL, the proposed link of the two cities by bullet train services would work towards narrowing the vast price differentials in real estate properties between the two metropolises.
With the differentials presently standing at 700%, the proposed bullet train network link would very likely enhance the growth in real estate value in KL.
That implies that, if the proposed project takes off, the real estate outlook in KL would be bright.
Francis Yeoh cited the real world example of the bullet train link between London and Paris in which a 21% differential in property value was evened out in just 4 years after the introduction of the high-speed network service.
As such, the proposed bullet train project should be exciting to real estate investors in KL.
5 days ago