Proposed Site

Figure 1: Location map showing proposed site (marked red) in the Golden Triangle of Kuala Lumpur.

(Source: Google Map)

The proposed site is located in an urban environment, within the Golden Triangle of Kuala Lumpur. It sits at a dormant site beside the busy road of Jalan Raja Chulan. Located closely to Dang Wangi LRT station and Bukit Nanas Monorail station, the residents would only require 8 minutes of walk to the nearest public transport station, thus indirectly reducing the usage of personal transportation which increases carbon footprint in the city. In addition, the nearest town bus station is located at a 5 minutes walking distance from the site. This would promote a neighborhood with pedestrian-scale.

Economy

Due to the location (Golden Triangle of Kuala Lumpur), the cost of land is very high and not affordable to our target community - the middle-range working class who work in the city - as the property prices in Kuala Lumpur has reach unsustainable levels. 

Table 1: Increase in property prices, reaching unsustainable levels

(Source: http://www.nst.com.my/red/property-bubble-fact-or-fantasy-1.143376)

In the next 20 or 30 years, Kuala Lumpur might be experiencing property bubble similar to our neighboring country, Singapore. Now, A new home loan is introduced in Singapore that allows home owner to stretch his home mortgage to 50 years, as requested by the people. This means if a couple, say, marries at 30 years old, they will be servicing their housing loan until the age of 80.

On the other hand, in Japan, the only way to afford a home with sky-high prices is to apply for two generation loan.

(Source: http://therealsingapore.com/content/half-century-property-loan-–-financial-irresponsibility-and-disaster)

(Source: http://www.gvpedia.com)

Therefore, we propose the idea of a dwelling shared by two families (or two generations) to reduce the financial burden of each family. Indirectly, this would create a small community within a house and foster the bond between families.