Property Investment in KLCC condo Malaysia

[tayjenny]

Hi, I am new to this site and would like to contribute to the subject matter of capsquare. I am in the midst of my purchase of one unit there. I think the development has potential mainly because it is an integrated development with commercial offices and retails surrounding plus BRDB is credible developer. Look at another of their development, Troika. In addition , the development is probably one of the most accessible location in terms of transportation. Tenants are more than 80% expats. It is an extended part of the KLCC crowd BUT without the over priced tagged to it. I bought it for RM690.00psf fully furnished. Looking at rental yield of around 5psf fully furnished. Check out my site CapSquare Luxury Apartment for Rent.

[tayjenny]

I have a friend whose American client is looking to dispose their 88 units of condo mostly in KLCC and Bangsar to release some cash. They are looking at bulk purchase and ready to discuss on bulk discounts of more than 20%. Please let me know if you are interested. I can send across the list.

[ariecol]

BRDB products are normally successful and have their die hard fan club! i.e always buying their product.

Capsq should be a success. If The price of Capsq II goes up, CapSq I will follow, how much.......... no one would know. But I am sure CapSq II will be synergistic rather than antagonist of each other.

Both of the props price will still go up, but I wouldnt like to comment on how far and how fast will it rise. Price will not rise like before but would probably fare better than other properties in the world.

Bank Negara Malaysia just sliced 0.25% off mortage loan interest rate.

[tayjenny]

With the current market condition and uncertain future over the next year, it is hard to predict what is going to happen to our economy. Likely development such as Capsquare should not be affected too much because the average psf is much lower compared to the over inflated areas such as KLCC which is sprouting with condos around ! Capsquare area is still quite decent- lots of banks relocating to that part of town , including HQ of CIMB. Not much competition apart from Maytower which is of a different class target. Hence, we can only cross our fingers riding over the upcoming downturn of the economy. But then again, property investment is a long term commitment and as long as we can get decent rental to ride out the downturn, eventually Capsquare area should come up in line with the rest of the integrated development area the area.

[andyk2]

I recently wrote a blog on what I felt was happening in Malaysia and the reason(s) why this was one of the safest options in the international property market.

I once heard a story about how Americans never know what is going on beyond their shores (from an American) and the same applies to Malaysia. You guys get to hear what is happening in Malaysia, but in the context of the rest of the world, Malaysia looks a very good investment. I am sure that most of the Euro countries, Dubai and the States would swap economic positions with Malaysia right now.

If you want to have a look, you can see it on Malaysia Property Investment.

If you want to list your properties (free of charge) fill in the contact form with your Totally Property "name" (so I know who you are) and I will get back to you.

Kind regards,

Andy

[ariecol]

thanks andy for the blog, will read it. need to sleep!

catch up with u soon!

[tayjenny]

Looking at the rest of the world falling apart, looks like Malaysia is a haven for retirement ! Let's just say at least I don't have property invested in the USA, UK, India (Mumbai ! ) or Bangkok at this moment !

[EasternCentury]

The prices of luxury condos in KLCC area have dropped more than 30% if compared to 1st Q of 2008. Many completed condos have dropped below RM1000 per sq ft.

The market rental rate of partly-furnished condos is in the range of RM4.50-RM6 per sq ft, while RM5-RM8 per sq ft for fully-furnished. But the average occupany rate is still below 40%.

There will be 6 more projects completed in 2009 and this will be additional pressure on the rental market.

[klcc]

Originally Posted by ariecol

ladies and gents.

klcc condo investment is well above average.

2006: approx rm500 psf
2007: approx rm 650 psf
2008: approx rm1500 psf (for new condo)

new benchmark: four seasons approx > rm4000psf (exact unknown as sales by invitation only)
Troika (by Norman Forster approx rm3500psf)

i have 1 luxurious klcc condo 3bedroom + 1 bedroom. approx 2-3mins walk from KLCC IN FRONT of the KLCC entrance for sale. 1771 sqfeet. approx RM1100 psf
Part furnished with (Unconfirmed Electrolux, Boffi furnitures). Oman marbles + timber teak (informed by reliable source)

let me know if anyone of you are interested.

Bilal Usman: Emailed you.

HI,

I am interested in marketing your klcc properties. I"m specialize in KLCC as agent for sometime. klchok at gmail email me ya. =)
THanks
Daniel