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Some of us may wonder how the Kelana Jaya light railway transit (LRT) line has affected the rental rates of nearby houses.
Our team at RED ANGPOW has performed an analysis on that subject matter recently.
We have gathered data on rental prices of more than 90 residential areas along the Kelana Jaya LRT line that covers the distance of 46.4 kilometers and 37 stations.
Then, by using our very own tool, we formulated some graphical analyses to describe the patterns of rental rates along that LRT line.
The first analysis
Firstly, we have detected there are 39 residential areas with the rental rates lower than RM2,000 per month.
On the contrary, tenants in 58 residential areas need to fork out more than RM2,000 every month to pay for their rents.
The second analysis
Secondly, we have also analyzed the range of rental rates for apartments, condominiums, link houses, and serviced residences and compared their distances from the Kuala Lumpur city center.
For houses located in residential areas within the distance of 19 km from the city center, the rents range from RM900 to RM8,500 per month.
Most of the houses in those residential areas are rented out at the rates of between RM1,000 and RM5,000 per month.
Only two residential areas have rental rates of below RM1,000 per month while five residential areas comprise houses with rents higher than RM5,000 per month.
The third analysis
Thirdly, we will take a look at rental rates for houses nearby stations along the Kelana Jaya LRT line.
From the chart, we can see that a 4-bedroom house nearby Ampang Park LRT station can be rented out at a rate of about RM7,000 per month.
On the other end, tenants are expected to pay the monthly rent of RM1,300 for a 3-bedroom house nearby Wawasan LRT station.
If you think a single bedroom house can be rented at a lower rate, then you are in for a surprise.
A single bedroom house located in the vicinity of Kerinchi LRT station may contribute around RM4,000 to the landlord’s income every month.
The final analysis
Lastly, let’s find out the median rental rates for 3-bedroom houses in residential areas located nearby the Kelana Jaya LRT line.
Altogether, there are 19 residential areas with 3 bedrooms around 11 LRT stations which comprise 16 condominiums, 2 apartments, and 1 serviced residence.
Those LRT stations are Wawasan, Lembah Subang, Kelana Jaya, Taman Melati, Wangsa Maju, Gombak, Ara Damansara, Sri Rampai, Universiti, Bangsar and Dato’ Keramat.
Any unit at The Haute condominium which is located about 1 kilometer from Dato’ Keramat LRT station can be rented out at the rate of RM2,000 per month.
The second place goes to Menara Pelangi apartment (about 10-minute walk from Bangsar LRT Station) with the rental rate almost equalling The Haute.
For those who plan to rent a 3-bedroom house with the rental rates lower than RM1,500, they may look around somewhere near Wawasan LRT Station.
Rhythm Avenue, The 19 USJ City Mall and Goodyear Court 10 will be the right places for them to start searching.
All those three residential areas are conveniently located about 1 kilometer away from the Wawasan LRT Station.
Before we go…
In the future, RED ANGPOW will perform similar analysis on Sri Petaling and Ampang LRT lines.
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