Investment Property Kuala Lumpur Malaysia
Investment Property Kuala Lumpur Malaysia
KUALA LUMPUR, MALAYSIA – Guaranteed rental
Kiara 3 is a residential development located in Mont Kiara, Kuala Lumpur, Malaysia. The investment is targeted at the buy to let market with guaranteed rental return for the first 2 years.
Malaysian GDP growth estimates have been revised upwards to 5.8% for 2008. Demand for newly developed residential property is driven by a mixture of Malaysian nationals upgrading their houses and a growing expatriate community.
The government is set to allow EPF (employees provident fund) withdrawals to be put towards housing mortgages, this new policy will inject approximately RM 9.6 billion (approx USD 3.04 billion) into the economy, giving homeowners extra liquidity for increased spending.
Kiara 3, located in Mont Kiara, a suburb of Kuala Lumpur boasts superb infrastructure for residents; including international schools, shopping centers and restaurants. Located only 15 minutes from the centre of KL, Mont Kiara's location is appealing to both local and expatriate families looking to be situated away from KLCC's overcrowded city centre.
Price Range:Prices from: $276,000
Unit Configuration: 3, 4 & 5 beds
Size: 1,515 to 2,574 sq.ft
Type of Units: Apartment
Anticipated Completion: Q3 2010
Ownership Title: Freehold
Finance: 75% LTV mortgage finance available (subject to status)
Est. Gross Rental Yield :6.8%
Anticipated Capital Growth: Medium: 5-10%
Transaction Costs: Low
LOCATION
In 2007 annual GDP growth was 6.3%
The growing economy is leading to higher incomes and growing spending power
High office occupancy levels - 96% within the Golden Triangle
Limited effect from the sub prime crisis due to strong domestic demand
Mont Kiara, Kuala Lumpur
KL as the capital of Malaysia is a modern world-class city of nearly 2 million people, the largest in the country
Mont Kiara is an established and up market neighborhood and popular with both expatriates and upper middle class Malaysians
Located close to international schools, shopping centers and restaurants. Mont Kiara is located approximately 15 minutes from central KL and within 2 minutes of 3 international schools
It is one of the main regions of interest to multinational companies
The area is likely to see strong capital appreciation and rental demand given current market conditions
The area is 70-80% owner occupied with strong demand for rental accommodation
FACILITIES & FEATURES
Well supported by social, educational and commercial activities eg. International schools, golf and equestrian clubs, trendy F&B hotspots etc Pool, Gym, Squash Courts, Sauna, Landscaped Garden, Children's Playground
MAKE AN ENQUIRY
More property photographs
     |
|
