QUOTE(hunterlim @ Apr 9 2013, 12:27 PM)
On the issue on ML and segambut , 4 years ago an article written in the Edge property called Tale of Two enclaves summed up the contrast Segambut and Mont Kiara preety nicely, agreed that MK was part of Segambut and as I mentioned in my earlier post, situated in higher ground in Segambut set MK apart from Segambut, MR. Tong saw it and has a good vision on that, and but generally the similarity end there, there are many different between Segambut and MK:
1. Segambut has so many existing setllers especially squatters that has been there for generations, it is hard to ask them to move.MK was a plain rubber plantation so no issues on squatters, clean and flat. Why this is importnat, imagine if you paying a 700 psf lusury condominium and walking out from your compund are all the squatter or kampung who were there for generations and with the price of sondo going up sky high make them almost impossible to leave, a luxury living is not just what is offer in the unit but the surroundings. Just my humble opinion.
2. Segambut area is not very well planned again due to the existing road while Mont Kiara was planned from scratch.
Furthermore to my observation on MK, as an investor, property bubbles is always at the back of my mind, but investing in Mont Kiara clam my unsettled mind due to the following reasons:
1. Mont Kiara price has moved very little since the US subprime crises that effect the worlds's economy and even malaysian property price were effected, judging from this, I can say that if property price in Malaysia or in other europe /USA economy were to go bust, there is not much room for MK price to go down and being stagnant for so long is already close to the worse-case scenerio price, but unlike other property in Klang Valley that has went up 2 to 3 times is very likely to come back to 200 to 300 psf, or even KLCC may see a big fluctutation like it always do when crisis hit, a big risk there.
2. Mont Kiara generally offer quality tenants and apart from them able to pay higher premium, they are also generally better at taking care of the property unlike many development offer to students near University which has a habit of sub-renting out the property, I could not imagine how my property would look like once they moved out.
3. Investors in Mont Kiara generally had better holding power compare to other township and this will help to limit the property price when it pops.
4. MK is already proven to be a sucessful and mature township and I dont have obsrobe the risk-factor that it will or not become a sucessful township like many of Sime Darby /SP Setia/UEM-Iskandar new township project.
5. The ambience of living is superb for living and I can always stay there myself if the investment went busts.
Hope this help and I dont charge for this consultation..