Sounds like a good plan, at least for me 
3Mil of pure cash or in highly liquid investments bro.
Agree. When u reach the 3Mil mark, capital preservation should rank highest (unless you plan to reach the bilionaire gang) and should be one's top priority. A 5% yield would already give a person 150k p/a pocket money 


Very true and I respect that each person has their own investment preference and risk appetite. What I dont like is those naysayers who cast doubt on every lad here by making negative remarks with no supporting proof. Im very sure that there's plenty of kids out there who come here looking for investment advise ended-up being a chicken due to this unfounded but "sounded-logic" remarks. they then ended up regretting their "chickenness" few years down the road when other ppl took their chances and made significant profit, be it properties or stocks or any other investments 

Dont get me wrong, I dont plan to get everyone here to buy properties blindly.

I hv a friend living there - dont know whether rented or not. From the outside it does look impressive. I guess they're trying to ward off bad omen from the phailed project next door (*cough* CityOne *cough*)

Its funny rite? That area has :

1. The failed CityOne - 3-bedroom condo being rented to bangla's for only 1k p/m, and selling for approx rm160psf
2. The decent Maytower - Shoebox studios being rented from 1.3k - 2k p/m and selling for rm580psf
3. CapSquare condo - 2 n 3 bedroom condo being rented from 5k onwards, and selling for rm700psf

Best part is that all 3 condo's are just 50 meters away from each other

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Added on October 15, 2008, 11:26 pm
Opposite the upcoming & new shopping mall, Capsquare 

Look, altho im very biassed towards Maytower, its not like its the perfect investment. I could think of 3 mains cons when it comes to Maytower :

1. Built quality is only average.
2. Mayland has a bad reputation as a developer and to have known to screw their buyers despite their track record as property managers is quite decent actually.
3. Flooding - Apparently is prone to floods but personally I have never encountered this before after a few months.

Also, like any other investment, Maytower has no guarantees on returns. However, I consider the above risk is negliable when I weight the strengths of Maytower :

1. Location - In Central KL, less than 10min walking distance to shopping malls, Putra & Star LRT, Monorail, cinema etc. KLCC, Bukit Bintang is just 5 min drive subject to traffic. Its extremely convenient. I cant think of any other units that cost you approx 200k today that could give you the same level of convenience.

2. Maytower basically addresses a key issue : limited supply & high demand. Apart from Casa Mutiara studios, there arent any modern studio's supply located at KL center today that cost anything less than 300k and being rented out for anything less than 2k p/m. Its caters mainly for short term expats who doesnt wish get a car and rely mainly on public transportation. I got my current Maytower expat tenant using free internet advertisement within just 10 days, and I paid zero for advertising and agent fee's.

3. Price VS Rental yield ratio - IMO its currently undervalued and still about 20% cheaper psf compared to Capsquare condo next door, but it commands 20%-30% more rental psf compared to Capsquare. Strange right, but small is sometimes big in returns 
This wont stay for long as ppl will quickly realised that 10% yield is too attarctive and sellers will adjust their sale price upwards to match Capsquare. Furthermore, when BRDB launches Capsquare2 at indicative quote of RM900psf, Maytower price can only move upwards.

4. Past performance of similar studio's - By similar I meant by similar sized units, similar accesibility to public transportation and less than 5 years old :

a. Suasana Sentral - Launch at rm300psf - now asking for rm600psf, (100% increase - 4 years old I think)
b. Parkview@KLCC - Launch at RM450psf - now asking RM1000psf (>100% increase -3 years old)
c. Sommerset Bukit Ceylon studio's - Dont remember excat size (think approx 550psf), but studio units were launched at approx 250k, now selling at min 400k. (>60% increase - 3 years old)
d. Casa Mutiara - Launch at RM350psf, now asking RM650psf (>70% increase - 1 year old)

5. Very strong rental yield - The unit I bought 4 months ago now gives me 12% rental yield. Another fella I know who bought at the same time as me today enjoy 13.5% yield. 

These 5 reasons are why Im quite bullish on Maytower