A Spotlight on Malaysia

I have been approached by several serial real estate investors from USA, UK and Hong Kong regarding property investment opportunities in Southeast Asia – especially Malaysia. They have long been impressed by Malaysia, which has shown much economic resilience over the years, even during the financial crisis end of the last decade. More and more expatriates have made Malaysia their second home. In particular, properties in Malaysia have been increasing in value, creating many millionaires out of the middle class in the recent years.

From last year’s seminar that I have organized on Klang Valley property for expatriates, I have discovered that there are many investors who are interested in buying up luxury properties in Malaysia. These areas include:- Mont Kiara, Sentul, Kuala Lumpur City Centre (KLCC) and its surrounding areas including Bukit Bintang. Bangsar and Bukit Tunku (Kenny Hills) are slightly older developments with lots of nice bungalows for sale or rent.
Prices of luxury properties in Malaysia are also on the rise, even though transacted prices in some areas such as KLCC have tapered off somewhat. The occupancy rate is about 60% in that area, and this is understandable.

Top tier KLCC properties such as OneKL (famous for having one swimming pool per unit), The Pearl KLCC, The Binjai On The Park, Marc Residence (which enjoys a spectacular view of the Petronas Twin Towers especially at night) and Stonor Park are always in demand. In the Mont Kiara enclave, Lumina Kiara is one of the more popular choices, with a strategic location right in the middle of Mont Kiara near Plaza Mont Kiara and also Solaris Dutamas (where Publika is located). Also, there are a couple of good schools in the area as well, namely Mont Kiara International School or known as MKIS.

If you are interested in Mont Kiara condos, I do recommend Villa Mont Kiara (zero lot bungalows) – they look really nice, and they are easily accessible as well. If your kids go to MKIS then it’s only ten minutes away by foot.

Alternatively, also try 28 Mont Kiara (MK28) or 10 Mont Kiara (MK10) – both are developed by Sunrise Berhad, which is one of the original developers of the Mont Kiara area. If you are into entry level Mont Kiara properties then check out Kiara Designer Suites – which are smaller (less than 2,000 square feet). These are tastefully designed apartments which are smaller than your regular off-the-mill Mont Kiara condos, and so they are well suited to turn into bachelor pads. They are impressive and very tastefully designed.

There are also luxury bungalows or landed properties for sale or rent in older areas such as Kenny Hills and Bangsar. However, these places tend to age a little, and the designs are quite dated. These are suitable for growing families which require ample space. Bangsar is still an ideal place to live in for many, and its proximity to the centre of Kuala Lumpur is a sure advantage.

If you are interested in investing in your own luxury property unit in Kuala Lumpur, this is a good time to take the proverbial plunge. If you’re an expatriate, check this very informative article from Expatriate Advisory about investing in Malaysia. Always seek help from established real estate brokers or agencies, and of course– check out 5 Star Realty regularly for updates. This way, you will be able to tap into local real estate expertise to aid you in your quest for the perfect apartment unit in Kuala Lumpur.