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Investment High-End Condos near KLCC, (Investment)

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chongmelvin2238
post Aug 10 2013, 07:20 AM

On my way
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539 posts

Joined: Apr 2012
QUOTE(glider_123 @ Aug 10 2013, 07:09 AM)
I think KLCC has the potential.
Manhattan is more expensive compared to new jersey
In Singapore the sails or orchard is double or triple the outskirts.
Klcc will always be the hub. It's the city center.

2 years ago I was looking at Hampshire place subsale at 850k however the valuation is low thus means a lot of cash outlay. In the end I give up. Guess what my agent who do corporate lease told me expat are queuing to rent that place. Tan and tan always give good value.

A good place to get is walking distance to Petronas tower. That's where the oil n has co are.
Next is bukit bintang.

Klcc needs a lot of holding power. I feel is undervalue.
A lot of single expat will stay in klcc.
Those with family n kids will choose mont kiara.

Dpc yea but rental won't be high. It's difficult to cover the loan installment cos Dpc condo is going higher n higher.

I pray for klcc to boom. Waiting for Chinese or indo investor....... Finger crossed
*
My good friend, an expat styled there 2010. We visited him very often and car parks always empty, hardly see any tenants walking in and out of the building n he shifted from 7 floor to 9th becoz new landlord offered a very good discount. Plenty vacant at that time. Maybe things are different now after the explosion incident to one of the unit, 16th floor hahahahaha
I like this Hampshire coz its only 5-10min walk to LRT station and aeroline bus to singapore station is at Chorus hotel.
I agree with 'Klcc needs a lot of holding power.'
chongmelvin2238
post Aug 11 2013, 09:33 PM

On my way
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Junior Member
539 posts

Joined: Apr 2012
We have rich buyer with strong holding power but we don't have enough rich tenants. Investor may be able to hold for years but who want to stay in old condo? Tenants will always move to newer condo.. Happening in MK, I guess.


 

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