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Staying in Mont Kiara, I-zen vs KDS
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ivanpei
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Oct 7 2014, 12:28 PM
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My opinion of Mont Kiara is that if you are rich and want a nice environment plus international schools for your kids then go for it. Mont Kiaras primary selling points are the international schools.
The second category of Mont Kiara purchasers are the upper middle income group looking for 700-900k props. Most likely you can't send your kids to Mont Kiara international school. Most likely you can't eat in Publika and shop in BIG everyday. You will have to travel to find cheap economy rice, groceries and to send your kids to Sekolah Kebangsaan.
If you belong to the 2nd category then purchasing Mont Kiara props just for face is a really bad idea. In terms of investment Mont K is not good due to the factors mentioned above.
When purchasing a home if you are still pinching pennies the house should be an investment as well. Since in future you can sell/refinance your house for further investments etc.
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ivanpei
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Oct 7 2014, 12:43 PM
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Haha alot of alang alangs staying in Mont K for face. It's the category of people who buy Volkswagens, stay in Mont K but need to drive to Kepong to eat and shop when no one is looking.
I have so many peers like this haha. It's not a crime to want nice things but by taking shortcuts you are crippling your own future.
I take the long and hard path haha. But that's another story.
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ivanpei
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Oct 7 2014, 03:32 PM
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There is a reason why Mont Kiara prices are not that high compared to other areas. Oversupply is one thing but other than the international schools, Mont Kiaras primary drawing power is its branding.
Taman Desa and Kuchai are expensive due to location. Even these areas are considered rather "old" but they are centrally located in the Klang Valley future center of gravity. KL South is really hot right now due to being the center point between Putrajaya/Cyberjaya and Kl city center. Also Tun Razak Exchange and the Sungai Besi Airport redevelopment are all towards the south of KL.
With MRT 1 and MRT2 heading south and the high speed rail terminal at Sg Besi, the Klang Valley center of gravity is shifting further south. This makes areas to the North of Klang Valley not as attractive from an investment point of view.
As the financial centers shift so will the expat population. Mont Kiara is a nice place to live if you are willing to spend the money. But investment wise money could be better spent elsewhere.
Even not so nice places like Kuchai have higher upside due to its location to the south. Kuchai/Taman Desa are extremely closeby to the Sungai Besi Airport redevelopment as well as to the new commercials in KL South such as Bukit Jalil City and Wct Paradigm OUG.
If purchasing for future potential KL South makes more sense than KL North like Mont K. Since your money is hard earned, it's your choice if you want to pay for a property that has limited cap gain and rental potential located far from the future Klang Valley centre of gravity.
Life in Mont K is good, but look at the opportunity costs.
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ivanpei
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Oct 8 2014, 11:18 AM
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Yes no denying Mont Kiara is a lovely place to stay once you have the money. If purchasing for instant gratification, go ahead. For investment, that's another story lar haha.
In my opinion the landed in Cheras better idea since you will enjoy good capital gains while you stay there. Suffer first enjoy later.
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ivanpei
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Oct 8 2014, 12:17 PM
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TS specifically mentioned Mont K condo or Cheras landed mar. Mont K landed in the multimillions lol. Totally different ballgame.
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