EdgeProp's article quotes Au Foong Yee : “....buying a property is not just about its usage and obvious functionality. The end-game of any property investment is its capital appreciation. And many have discovered the value growth of a piece of real estate is not based only on its location and its developer’s strong track record. Whether or not a building has been designed and built for sustainable maintenance and the quality of its upkeep are equally important, if not more.”

Well yours truly 🤠 like the Edge's former chief editor Ms Au also believes the "end game of any property investment is its capital appreciation". As a former committee member of some KLCC condominiums, I also believe that as buildings age, good property management is key to keeping tenants.
But you see there is the elephant in the room that nobody ( I mean real estate agents and especially high end property developers keen to sell you their Branded Serviced Residences) wants to talk about:

Few 5* or 4* luxury condominiums in KLCC (no matter how good their property management teams are) have seen any real capital appreciation over the past 5-10 years.

Don't just take my word for the above.

Do your own empirical research. Check out PropertyGuru Pricing Insights charts for any 5* luxury condominium within 100 metres of the epicenter of the Kuala Lumpur City Centre (KLCC), ie KLCC Park.

https://pictr.com/images/2022/08/03/B3gBzU.md.jpg


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Rightly said. The “own stay” term gets thrown around for almost anything.

Ultimately it’s the community that dictate the longevity of the property’s value see OG MK condos.

KLCC properties are too transient I think for blue blooded Malaysians though parts of Ampang house old money.

Agreed. That is why i advise buyers of sub sale condos to go through the AGM minutes and the audited accounts to see if there is a healthy MC or JMB before making any decision to buy. For new properties, unfortunately no track record.

Can they actually request for those documents? I mean aren't these only meant for residents?

Can ask the owner for it or approach the management. Sometimes if the time is near the AGM all this will be posted on the notice board.

This can be part of the process for your solicitor/conveyancer to conduct strata checks.