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Investment Mont Kiara properties., Will it be the first ghost suburb?

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magmachilli
post Aug 23 2019, 07:47 PM

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QUOTE(limmmkb @ Jun 18 2019, 05:15 PM)
I just moved into mk bayu end of 2017.

- tbh the older apartments do lack that wow factor, but i think in time with refurbishments it would fine.

- a bit of renovation in your own unit will make it so much better than the newer apartments, cause u can get alot more space for ur budget, unless u have an unlimited budget then just go for the new ones.

- the older condos seem to be built with more land, and i guess the developers were more generous in making the spaces not feel so cramped.

- but facilities wise, needs alot of improvement, but if u dont use the gym then probably u wont really mind.

- as for living in MK, its a good neighbourhood.. police security is tight, u can walk to the nearby malls from ur condo which is quite nice, and if you normally work or hangout at the areas surrounding MK then its also a plus.

- traffic situation is good, i leave the house at 8am, and its quite clear, takes me 10mins to exit the MK area on average.

this just my 2 cents  smile.gif goodluck to all the buyers and sellers!
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If you don't mind, would you mind sharing on how you settled for MK Bayu? I'm currently looking to buy around MK as well for self stay, with a preference for the older Sunrise developments, but I find it hard to decide which to go for eg Pines, Palma, Pelangi, Bayu, Astana etc.

My current thoughts at the moment is that Pines and Palma seem to have better facilities than Pelangi, but Pelangi has better security and is slightly newer. But other than that, the actual condo unit itself seems very similar I'm layout and ceiling height. Pelangi seems to be priced at a slight premium and but I'm not sure why. And then Astana seems to be the most expensive of the lot for what seems like a similar offering.

Just rambling, but do appreciate if anyone has thoughts! Thanks!
magmachilli
post Aug 23 2019, 07:48 PM

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Also, it seems like rental yield for these older units are below 4% at current prices and after maintenance fees. But with increasing supply of newer units it seems like yields will remain at these levels while capital appreciation is limited.

I get that you cant have everything, but it seems like there isn't much to gain from an investment perspective. Unless there is something I'm missing here.

 

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