i surprise that One KL only go for 1500psf.

Not surprise when the units size above 3000sf each. 50cents psf for the maintence will cost 1,500 per month. ;(

do you really think people who bought few million condo at klcc area worry about the management fees?

Those are who's who well heel persons. Not typical investors. Some can buy these high end one but leave a lot of unpaid maintenance bill behind.

the main reason i surprise about one kl, is back to 2009, the developer Carmen Chua asking for rm2000 psf.
now the sub sale price only 1500 psf....

Much more lower than 1500 also got.

This one kl is good to have private swimming pool for each unit.

This post has been edited by kh8668: Apr 21 2013, 01:28 AM

You have to look at the unit in question. What is the view and the condition of the unit.
At 1500psf it may be in a low floor and in pretty bad shape with no view?
OneKL is surrounded by buildings. Also the pool is really a glorified Koi pond

Swimming pool with no privacy. So close to mandarin oriental and klcc. No need binoculars can also see already

This post has been edited by AMINT: Apr 21 2013, 10:33 AM

Maybe other family wont buy but the price is affordable ,one can own a studio n rent it out with lower risk.
Bigger unit usually harder to sell out coz of the price.
I like Marc Service Residence , 500 sqf unit (1300psf) = RM650000, one can still buy a unit located in central KL. Rental will get you around RM2800-RM3300 depends on your deco n tenant.

i think klcc still got potential to rise if buy below 1000psf regardless of size. jsut compare the new launch outside KL..

but u need deep pocket to leave it empty for few years. same to the new launch outside KL.. but i think Klcc better potential..
if klcc empty other areas will be worst of..

U dont need a deep pocket to get a good unit in KLCC & under RM 1 million, i think any region within 1000-1500 is good enough... i dont see why KLCC area wont go RM5000-RM7000 psf in next 10 years, its just matter of time. Property investment is all about long term investment.
Imagine if you invested in a unit cost you RM1mil and you sold it off RM2mil after 5-10 years, that would be a very good profit.
How many people make RM1 mil in their whole life.
Greater KL is still among the cheapest capital city in ASEAN, sooner or later it will definitely reach the RM5000psf mark.
Anyway, the highest price paid psf is over RM7000 if not mistaken. Rich people r not stupid, thats why they r rich, they will see thing further.
Good luck in your investment.

This post has been edited by savants: Apr 21 2013, 12:08 PM

One question = when would this be? I reckon it will be around 3-5 years after the Greater KL initiatives are completed

Got a few units were changed hand below 1200psf. But I cannot remember which floor.

i mean u need good holding power as it is not easy to get tenant(quality) this few years.
yes the potential cap appreciates are great but how long can u hold??
if u hv lot of cash or income then it is ok to invest.

Those working in klcc should consider. While waiting for that to happen, the place can be ur lepak2 place if nobody is renting

This post has been edited by AMINT: Apr 21 2013, 01:14 PM

Thats why dont get those big unit like 1500 sqf unit, just get a studio 500-600 sqf and u will get rental 2500-3000 easily.
when u get you rent out your unit then holding power is not an big issue...
There r not many landed in KLCC area for normal ppl like us...

I guess time will tell... but im sure it will... just like 10 years ago... and 10 years fr now... and you can base on facts too

I think you can get tenant in KLCC
It just depends on what you offer the tenant in terms of
the type of furnishing and rental you are willing to accept.
I read in the Star paper a couple of months ago that people were moving back to the city because of the worsening traffic conditions so...
The property values in Mont Kiara,Bukit Bintang, Bangsar, Taman Tun have all been increasing whilst KLCC has been stagnant for a while. I think that KLCC should gravitate to the RM2000psf level soon to realign with the other areas. Bangsar at RM1000psf and Mont Kiara at RM850psf means KLCC should be at least RM1500-2000psf shouldn't it?

when u think klcc can reach 2000psf level?
i dun mind to invest more if there are pontentials. but i found it is not easy to rent out my units. too many competition..

I believe some new launches have surpassed the RM2k psf mark. Banyan Tree, Ruma Residences etc. IMO smaller size apartments (less than 1k sf) will still do well around KLCC area. Rental should not be an issue. The upcoming supply of SOHO KL n service apartment will test the market. But long term wise, it should be fine.