Posted by Barry Low on 08/02/2012 06:57
Mont Kiara is suitable for investment if you are looking into rental return, Reasons is the foreign community is successfully building up, This is very important to those who are from overseas,
I see you are worrying about the price tag, However, I am thinking how is the impact to singapore if they are selling SG 6000 psf in their country which is equivalent to 12000 ++ psf in ringgit. I am comparing to almost same quality which is high end condominium
Ok, Maybe I compare to over price condominium, what about lower class condominium is Singapore which is selling SG 3000psf? = RM 6000 ++ pst
which also 10 times higher than Malaysia...
OK, someone question me, Malaysia land is 100 times bigger than singapore lo... Yes, It is right, everyone know it,
However, will government widen KL thru out the whole Malaysia? The value is in KL not the whole Malaysia, isn't it?
Look back KL centre property, which is highest is about RM 2500psf - RM 3000psf recently, I don't know about future,
then Look into Mont Kiara, highest is selling around RM 880psf to RM 950psf
Again, you compare to their small pieces of is SILLY idea, ok, give you a task now, try do your research in Bangkok high end property... How is the price, is it higher than Malaysia? Go check yourself.
If you really want to investment in property, please take my advice
1. Do it seriously, don't just buy and renovated like POOR PEOPLE house and try to rent out the same rate as others... Then I will called you a follower and not investor
2. Look at supply and demand. Example: Mont Kiara is over supply or big unit which is 2000sf and above, how about those within 1200 sf - 1600sf which most people can afford? They are still on demand right? Ordinary foreigner who come to work in Malaysia aren't they looking for a fair price rental rather than renting very expensive property?
3. Think like you are the tenant, think they you are going to stay in this house, is it comfortable? Could you relax in the house? Wow, Frederick, are you asking me to renovate to luxury? No! Tenant are looking for simply and nice plus comfortable and relax, many ikea furnitures also provide the feeling. A house with full of luxury furniture will scare tenant away because they think must be very expensive, or too many items will make the resident feel pressure when staying in the house.
Many to say, ask me more if you think my 2 cents help you, thanks