The long-awaited Light Rail Transit 3 (LRT3) line, connecting Bandar Utama, Petaling Jaya to Johan Setia, Klang, is set to begin operations on September 30, 2025, according to Transport Minister Anthony Loke. With construction reaching 98.63% completion, this major infrastructure project is expected to significantly impact the real estate market along its route.
LRT3: A Game Changer for Greater Klang Valley
The 37.8km-long LRT3 line, initially launched in 2016, is designed to enhance connectivity across the western corridor of Greater Klang Valley. With 26 stations planned, the LRT3 is set to ease traffic congestion and improve accessibility to key residential and commercial areas.
Loke stated that the trial run will be conducted in two phases to ensure the safety and efficiency of the service. The first phase, carried out by the main contractor, Setia Utama LRT3 Sdn Bhd, will take place from mid-April to late June 2025. The second phase, managed by Rapid Rail Sdn Bhd, will run from July to August 2025.
How Will LRT3 Affect Property Prices?
Historically, properties near public transport hubs have experienced significant appreciation. With LRT3 soon to be operational, areas such as Bandar Utama, Kelana Jaya, Shah Alam, and Klang are expected to see an increase in property demand and value. Here’s how:
Higher Property Prices: Improved connectivity often leads to a rise in property prices. Investors and homeowners looking at Bukit Raja, Bandar Botanik, and Tropicana can anticipate value appreciation.
Stronger Rental Market: Areas near LRT stations typically attract more tenants, especially young professionals and students. This presents an opportunity for landlords to enjoy better rental yields.
Increased Demand for New Developments: With easier access to public transport, developers are likely to focus on transit-oriented developments (TODs), integrating residential and commercial spaces within walking distance of LRT stations.
Revival of Shelved LRT3 Stations to Boost Investment Potential
In 2018, the Pakatan Harapan government had shelved five LRT3 stations—Tropicana, Raja Muda, Temasya, Bukit Raja, and Bandar Botanik—to reduce costs. However, in the Budget 2024 announcement, Prime Minister Datuk Seri Anwar Ibrahim confirmed the revival of these stations at a cost of RM4.7 billion.
This decision will further enhance accessibility and improve the attractiveness of these locations for investors and homebuyers. The revival of these stations makes nearby properties even more desirable, offering great potential for long-term capital growth.
Investment Hotspots Along the LRT3 Line
For those looking to invest in real estate, here are some key areas poised for growth:
Bukit Raja & Bandar Botanik (Klang): Emerging residential hubs with affordable housing options and commercial developments.
Tropicana: A premium location with luxury developments, now expected to see even higher demand.
Temasya (Glenmarie): A growing business district that will benefit from the added connectivity.
Shah Alam & Kelana Jaya: Well-established neighborhoods that will experience further price appreciation.
Final Thoughts
With LRT3 nearing completion, property buyers and investors should closely monitor the impact on the real estate market. Improved connectivity, revived station developments, and increased rental demand make this an ideal time to explore investment opportunities along the LRT3 route.