Influence of Longxin High-speed Railway on Real Estate Changes in Malaysia

Soon, Malaysia will build a high-speed railway from Kuala Lumpur to Singapore by 2020. What business opportunities will this line bring? Let me talk about the impact of Longxin high-speed rail on changing Malaysian real estate.

This high-speed rail line will stop at five other major towns-Furong, Malacca, Mapo, Juba and Hisquin. Once this plan is implemented, the travel time between the two places will be shortened to about 90 minutes, which will change the future potential of Malay real estate and become a catalyst for the development of Malaysian construction and tourism.

Driving foundation

It is reported that some market analysts said that this project is bound to stimulate the rise of real estate prices in Malaysia, especially there will be new towns near the stations where the high-speed rail plans to stop, and these new towns are also expected to introduce world-class infrastructure, such as international schools and medical facilities, which will change the local real estate pattern in the past few decades and narrow the real estate price difference between Singapore and Malaysia by 6.5 times. This also means that the Malaysian real estate market driven by high-speed rail will reach the international level faster.

Tourism is expected to change a lot.

Once the high-speed rail is completed, the travel time between Malaysia and Singapore will be shortened, and it takes only 90 minutes from Kuala Lumpur to Singapore. In the future, the tourism and business situation in Malaysia and Singapore will be completely changed.

At present, Singapore tourists account for nearly half of the total number of Malaysian tourists, but most Singaporeans who come to visit need to spend at least five hours by car to reach Kuala Lumpur. Once the time spent is shortened to 90 minutes, it will surely attract more Singaporeans to spend on consumption and accommodation in Malaysia with lower living expenses, thus further promoting the development of retail and shopping centers. In addition, the Longxin high-speed rail project will also promote more frequent business and trade exchanges between Malaysia and Singapore. As the land price, labor wages and operating costs in Malaysia are cheaper than those in Singapore, it is not excluded that new China enterprises will move their offices to Malaysia as a cheaper operating option after the opening of the Ma-Xin high-speed railway.

Juheng Com said that at present, some market analysts believe that some Singaporean companies are likely to move their business to Johor, such as the industrial location in Gudang, Brazil, and the industrial value near Tanjung Balebas Port is expected to rise.

Longxin high-speed rail injects vitality into Malaysian real estate market

According to Malaysia Oriental Network, after the announcement of the plan, all major research institutions in the market said that Longxin high-speed railway will not only promote diplomatic relations and trade between the two countries, but also bring good news to various fields in Malaysia, and the real estate market closely related to economic development will also usher in a new round of transformation.

Major research institutions believe that the Longxin high-speed rail project will improve the connectivity between the two places and enhance the demand for real estate by buyers in the two places; It is expected to reduce the price difference of real estate between the two countries; Can rewrite the history of Malaysian real estate.

Basically, Malay real estate prices are low in this area. According to Juheng's comprehensive survey of real estate in major Asian cities. Com, the average price per square meter of Malaysian real estate is 2 182 USD (about 14930 RMB), which is only higher than that of Indonesia. Compared with Singapore, which is separated by a water, its real estate price has reached $65,438+6,350 (about 1 1.879 RMB), second only to Hong Kong. This also means that the price difference per square meter between Malaysia and Singapore is 65438+4 168 USD (about 96948 RMB), which is equivalent to about 6.5 times.

Although analysts can't make specific predictions at present, they stress that the real estate price gap between the two countries is too large, so even if the gap narrows, it will greatly boost the Malaysian housing market. However, it is foreseeable that with the soaring housing prices in many Asian countries and regions, such as Singapore, China and Hongkong, the government has repeatedly introduced severe measures to auction houses, prompting local investors to turn to overseas markets. Malaysia's relatively cheap real estate, coupled with the upgrading of public infrastructure, has undoubtedly attracted the attention of these wealthy investors.