Wednesday, November 23, 2016

Why should we invest in Kuala Lumpur?

Malaysia as a property market is an upcoming one that has generated increasing amount of interest among investors and home settlers from not just the country itself but everywhere. Amongst others, Kuala Lumpur, Penang and Johor Bahru are regions that have managed to attract the many genuine home buyers in the most increasing count. These areas due to the ample development are seen regarding financial growth, cultural diversity and increased tourism industry have correctly emerged as the prime property areas in Malaysian real estate scenario.

Providing an interactive opportunity for owners, buyers and sellers, the property market in Kuala Lumpur is no less than an ocean of opportunities. Whether you are seeking for a condo for sale in KL or any other type of properties, searching for any property has now turned easy, convenient and without many hassles by using online property portal like PropertyGuru. The increased bent towards technology has further attenuated the process of property search turning the same into quicker, convenient, cost efficient and easier.

Location, location, location

When it comes to location, it's hard to beat Kuala Lumpur as the capital city of Malaysia. Kuala Lumpur is the eye of Malaysia, that being said, it is the place where all the major events take place as well as the gateway city where International companies choose to have their presence in Malaysia! Just look at the recent movement from InvestKL that promises an
additional 100 MNCs that will be moving to Greater KL by 2020.  Now that’s what I call invest for the future growth.

It’s no doubt that the property market in Malaysia has had an amazing run in the past few years and now it’s cooling down, but not in Kuala Lumpur. Now you see, properties in Kuala Lumpur are still on a steady rise when it comes to value with it being the most structured and matured city in Malaysia that is in an aggressive transformation into Greater KL to increase the population of 6 million to 10 million which translates to — higher property demand.

Top 10th Best City to Stay in Asia

One of the 20th most livable city in the world and one of the top 10th best city in Asia, that’s something not every city can offer. Besides the recent extensions of LRTs and the upcoming MRT lines that are very much in desire to make KL a well-connected city, we are now looking at a High Speed Train that will be ready in couple years time to connect Kuala Lumpur and Singapore. Talk about hassle free in travelling.

The diverse culture in Malaysia also breeds amazing food and you can have it all in KL. Just take a stroll at Petaling Street, Little India and the many bazaars and I guarantee you will be baffled with the abundance of choices. The sprawling capital of Kuala Lumpur also holds a great resemblance to Western city with towering buildings like the iconic Petronas Twin Towers and not to mention the first-world infrastructures and facilities to cater for everyday needs.

High Return

You can probably fetch a high rental to cover the mortgage of your property especially when your potential tenants will be living in the most exciting part of Malaysia.

The following scenario is a quantitative example between buying and renting a property:

A typical average 900 sq ft condominium may cost around RM600,000 – RM 800,000 and with a 10% deposit, you probably need to pay a monthly installment of RM 2700 – RM 3500 but the rent can be as high as RM 3000 – RM 5000. The net yield comes up to a 6% yield. Not too shabby if you ask me. It is clearly an indicator to invest in buy-to-let properties in Kuala Lumpur. Start looking for
condo for sale in KL with the help of property portals and you are good to go.

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