QUOTE(AmayaBumibuyer @ Jan 6 2014, 12:15 AM)
Then if u like to stay far away from KL then u wont have any problems buying a good house.
For me I have to stay in the heart of KL. Now someone like u who does not like KL or city living BUT would buy a property in such place, that means creating demand for places like this. Then high demand limited supply, well what happens to price? The high demand comes from people who doesnt like city living. Imagine that.
Now i said this before. People all over Malaysia, are buying properties in KL, people who wants to live in KL plus people who doesnt like to live in KL but just want to invest. What do u think happens then? Population is increasing. Graduates are being created and i believe a lot of them migrated to KL to work. I mean i ask my colleagues in the Bank they are all from all over malaysia. And if you dunt have a house now, i say good luck if u want to wait for a crash.
You are just dreaming friend.
No one wants to stay in KLCC area.
People who want to stay there, can't afford the property.
People who can afford the property, already moved on past that phase of life (vast majority of them) in their late 30s and 40s (or older) and rather stay in landed or in the suburbs like MK or Dsara Heights. They do buy the property but more for "investment" - they sure ain't staying there!
Majority of your KLCC prop is for ghost to stay and many are money pits.
Just go around KLCC and night and see how many dark windows there are on the condos. I would say overall occupancy is below 40%.
You are unlikely to rent out your KLCC studio for a reasonable price - right now it's a renter's market and there are far more vacant units than tenants.
So the only way to make money from your "investment" is FLIP lo - that is, IF you can find a bigger sucker to buy it off you, lol.