Hello All,

I noticed that the prices of the secondary market for condos near KLCC are not that high relatively to those in other areas. For example, My Habitat is asking for about 900psf (1A Stoner - RM677 psf and Idaman Residence - 800psf) vs. 800-1000psf in PJ or subang or even Puchong prime area. Of course they are some who asking 1200 psf and above in KLCC areas too. what are the main differences?

Is that the current trend or market slowing down for those condos in KLCC areas?

any good recommendation for those condos near KLCC for long term investment - with good yields?

Thanks.

Would u buy if 800-1000 psf subang or puchong?

for me other places damn overpriced. not just subang or puchong.

Dear all..

As i heard the the bank value will also refer to the number of years left. So this is a serious & will have a deep impact to all the leasehold property owner.

Bank just started and not so strict on it but someday later all have to comply on it...

rentals in klcc too high, so most ppl are leaving there.
i ever thought to get a property there but the main reasons not to invest there is the matter of looking for tenants...

KLCC is the prime heart of greater KL ( correspondingly the country). The high priced condos there are ultra luxurious meant for the rich and expat crowd. Prices there shot up astronomically in 2007/8 due to speculation and has since came down 20-30%. Many speculators got burnt as result.
Prices in outer areas have appreciated tremendously in last few years and have almost caught up with the prices in KLCC (which remained stagnant). Especially with the recent launching of several branded projects like 4 Seasons Place, Bayan, Le Nouvel etc at prices around 2.5k to 3k psf, I believe prices in this area has potential to be rerated upwards. Bear in mind the new projects in KLIFD/TRX which will see influx of expats...

This post has been edited by zonefinder: Feb 25 2013, 09:57 PM

any good buy in klcc?
plan to invest too

noticed MyHabitat still got some units selling about 840psf, wanna go in?

Capital appreciation might be there but u have to wait for others to come in. Those rm2000-3000 psf. However, rental is hard to come by. Most expat in oil and gas i know starting to move to outside of kl particularly DPC, country heights etc especially those with family. Those singles mostly interested to stay nearby klcc. So u know which type to target. Dont buy big big size units

Among them who stay @ Desa ParkCity, are they staying in landed @ condo?

Landed bro. And just to add. Most mat salleh left malaysia for other countries. The new influx are: pakistanis and indians. They mostly come as singles too. Do u know where these people like to stay in kl? I am sure by now u know where.

This post has been edited by AMINT: Apr 20 2013, 10:33 PM

which condo selling at 2000 psf onward ?

Many projects. Check via google.

Maytower.

8xx sqft is fine. Big in my definition = above 1200 sqft. That usually comes in 3 rooms. However that 8xx sqft might not give u the best ROI. Why dont wanna buy studio or just 1 bedroom? This is for investment and not for own stay, right?

I do see Chinese, Korean & Ang-Moh staying @ Desa ParkCity.

One good friend in oil & gas, initially working oversea, come back, go out again.

He bought bangsar landed house. Claimed Desa ParkCity far from KLCC. Anyway, he is single loh.

When i "interviewed" them why.most of them said a lot of pakistanis and indians nearby. Jalan masjid india is nearby there. Just a walking distance. they said that they feel at home. Pakistanis and indians mostly wont pay a lot for rentals too, mind you. Mat sallehs are the ones that like to have very luxurious living.

He must be a rich guy.

U & him sama sama lah. Both oil & gas mah.

I think you should go and investigate the hampshire properties on persiaran hampshire. It is really underrated for some reason considering the location and that it is on elevated ground in the klcc area. If you are looking at my habitat then hampshire park, 2 hampshire, hampshire place and hampshire residences are really much better in all aspects. The prices i have seen are around 700psf onwards which is bloody cheap considering Panorama is 1200psf, troika is 1500psf and 4seasons is 2500psf. I also think that the klcc area is due for a rerating in the future dunno when. Anyways that is my 5 sens worth. Hope it helps. Sorry if it doesn't