Properties on which train line is better?

This is data from data.gov.my of daily ridership of public transportation in Malaysia. Covering MRT, LRT, Buses, Komuter and Monorail

Note: The data for KTM komuter is available only for 2 months of October and November 2023. Other data provided are only until November 2023.

Therefore the average I calculate is based on January till November of each year. There are data for December 2019 and December 2020, however, I do not include them in this calculation because the lack of data for December 2023

As you can see from the data, MRT Kajang line has picked up to 178,000 ridership average per day for the year 2023. And, is almost comparable to LRT Kelana Jaya line. However, both LRT Ampang line and Kelana Jaya line 2023 average daily ridership has not yet reach its 2019’s figure. The average daily ridership has dropped in 2023 by 23% and 22% respectively. Maybe for these 2 lines, they require more time to improve in ridership to achieve its Pre-Covid period. OR, perhaps, the ridership of LRT lines being eaten up by MRT lines? How can we identify this? One way to do it is through checking in asking rentals and asking prices. Although, the changes might not be so drastic

MRT Putrajaya line which has opened fully on the 16th of March 2023. Daily ridership average per day of 93,085 is calculated from 1st of April 2023 till 30th November 2023(8 months). So, MRT line 2, Putrajaya line has just begin its full operation.

Monorail has seen a huge increment by percentage in average daily ridership in 2023 in comparison to 2019 by 46%

This data is important to understand how the properties nearby to the stations are affected. And why their rental and asking prices and transactions are as what they are. And what to expect in terms of demand.

Conclusion :

1. MRT Line 1(Kajang Line) shows some increment in terms of daily ridership in 2023 compare to 2019 (Pre-Covid). This is a good sign to show that the public rely on this MRT line. And we want to see bigger improvement in future. We want to also see the increment in the daily ridership through the years, give any kind of impact to the rental rate to the properties along the line

2. Kelana Jaya LRT line has been The line for LRT passengers and LRT riders to go to places since the beginning of its inception because the line is connected to a lot of working hotspots. By the looks of this daily ridership data, MRT line 1 somehow has surpassed LRT Kelana Jaya line’s ridership.

3. For Ampang LRT line and Kelana Jaya line, would there be a reduction in rental rates since the daily ridership saw a reduction in 2023 compare to 2019. If so, you wouldn’t want to spend more for properties along the lines where the ridership is reducing compare to properties along say MRT line 1(Kajang Line). However, be careful to compare the rental rates with the asking price. The data given here doesn’t provide any clue to what might happen in future. LRT Kelana Jaya’s ridership might improve in future. Therefore, make sure any kind due diligence on property market comes together with rental rates and transactions prices. Always monitor rental rates and asking price. There might also be other reasons as to why daily ridership is dropping i.e. area competition coming from other parts of the city other than just merely popularity of usage

What do you think? Will this figure give any impact to your properties? OR might make you change your mind to your current property purchasing plans?

Do share your thoughts, comments or questions here: