Also don't forget population keep on increased. For greater KL, 6 millions in year 2010 to 8 millions now and estimate 10 millions in 2020.

Who estimated 10mil by 2020?

You’re everywhere bean

Yes ok, but would they pick Mont Kiara over let’s say any place with public transport convenience or KLCC area? Also what are their income group? With rm4k rental you are targetting the top 1%. Ask yourself why would they pick a pigeon hole in MK?

Mid range residence is the way to go brother. Keywords: Location, affordable entry price.

Please do research.

MK not pigeon hole. Just do some research or interview to your friend who stay, buy or rent house in MK. What are they opinion?

I didn't said must pick MK, just reply your point condo kept increased.
Please find a area in city which the no of house kept stagnant.

likewise

pls be realistic. you cant just pick and choose statistics that meet your goal and hold it as gospel truth.

at current rate, population at kv is about 7mil. How to achieve 10mil in the next 3 years? an increase of 40% in 3 years, roughly 10% p.a.?

summore new gov already stopped 'illegal importing' of bangla summore

http://worldpopulationreview.com/world-cit...pur-population/

klang valley is also the area with highest migration to other countries, which shows down growth.

but if that reverses and people come back with their strong currencies, it could be very good for klang valley property.

So actually buying ooak is profitable or not leyyy? I don't want bleed to death servicing the loan.

Lol bro there is always risk in property investment...u never know whats the outcome until its vp in few yrs time...if you put in fd then 100% profitable and worry-free

LOL nobody can tell you that brother, so far 100% safe investment is put your money in FD with PIDM protection.

I don't think you understand my point here.

I have 2 units in MK and I live there myself for the past 8 years. Just to give you a perspective of the rental market in MK, one of my units in MK is 8 years old but very well maintained, 1200sqft, renting out at 3.2k to an expat family, it has not gone up for the past 3-4 years (some units are even listing lower). Many other places with lower entry price can match this rental already. I very much wish that MK is the next big thing and people will flock in to live in MK so my properties value can shoot up, but reality is not like this.

Having said that, like I mention in a previous post, everyone has their own investment strategy, there's no right or wrong. I am just sharing my point of view. If you have bought OOAK then congratulations, property in a good location is always a good investment.

Thanks for sharing. At least we talk in fact.
May be you recheck the data, 7.2 million should be 2016 data.

?? Your consultant didnt do the proper plan for u again?
Sfera like that
This one also?
Adui

I didn't bought OOAK.
I stayed at Bandar Manjalara.
From my understanding through my friends at Mont Kiara and my personal research. MK property can rent at higher price compared other KL city area. May be I'm wrong.

Because its clean and happening and just downright awesome , yo.

Owners welcome to join Kiara 163 FB Community group : https://www.facebook.com/groups/613006759071340/

Top 7 factors that rental don't go up
1. Supply Vs demand - Supply of similar layouts in same development n surrounding. Existing and upcoming developments
2. Age of development - 8years old.. Vs newer supplies
3. Demographics - income group, affordability levels. But should not be affecting MK as there are unit rented 5-6k also
4. Location of the development in Mont Kiara - accessibility
5. Tenant Vs Owner mix
6. Catalyst - maturing and lacking of upcoming catalyst to further boost the attractiveness of the property
7. Renovation & decor - when most of the 8years unit are still offering the similar old design, decor n Reno, the wear n tear reduces the sexiness of the unit. Require a refreshed look to rejuvenate the unit

Both my units in MK had been continuously rented out average $7k since day 1.

So, I like MK