KL property is hot again, eg. Cheras SOHO(leisure mall) sold out @ RM700psf !!!
but, it seems very quiet in Mont Kiara, i wonder ...why should it not be a good buy when at the same price compare to Cheras.

Just hope we can share some opinions here , man... i mean what is the logic that Cheras Property is more expensive than Mont Kiara??

Hope we can have a Pros & Cons Session here.

I have researched and as below for some reasons to buy :-
Reason Of Investing in Mont Kiara

#1 The Most Potential Area to reach and go beyond RM1000 psf (why is Mont Kiara property is cheaper than Cheras ?!! )
#2 Mont Kiara, the address that is well known to international community other than KLCC , that fundamentally will support #1
#3 3 international schools to meet expatriate community needs
#4 the few area in KL that can get "good quality" tenant (RM5000 above, some paid by company)
#5 The few expatriate community (European), in KL (other than KLCC) representing more than 30 nationalities
#6 The few real European fine dining places (real French Foods, real German Beers)

but, some of my friends complained that "NO TENANT, IS HARD TO RENT OUT" (regardless the property value is already doubled, what is their thinking?)
after some chats with them, I realised that the "tenancy management" seems very important (isnt that true for all properties?)

#1 Competition :- you are compete with many owner/landlords, and their entry price might be lower than you
#2 They Forgot to service their "customer", unlike Malaysian, expatriate expect "good service" and dislike "arrogance" landlord
#3 because of RM500 less, they lost a tenant to the neighbour, e.g. RM4500 to RM5000
#4 (from #3)over invest in furniture and unable to justified (mentally) to rent out RM500 less
#5 They just too busy and do not bother to manage the unit (throwing the key to the agent)
#6 Expatriate tenant mostly stay 1 year (almost every year need to pay agent fees)

Please share yours

Thank you

Nathalie's Gourmet Studio
Lycee Français de K.L