In my recent trip to KL, I was in awed and inspired by the property development scene and how well, the sector is gearing towards the rising standard and property value especially, in the high-end luxury niche.
It is very true that the increased connectivity of KL City and other suburban cities has made KL, the investors’ playground. The property prices in the city is relatively low when compared to the more developed markets such as Hong Kong and Singapore and some said, KL prices look more attractive than Bangkok and Jakarta. Truly, KL has a competitive advantage in terms of price versus value factor and taking into consideration of the government effort and commitment for wanting to improve the city’s infrastructures and transportations i.e. the MRT, KL seems to be the answer to where you should park your money.
To understand the property market in KL, which I am no expert, I believe that driving around the city in look out for buntings/banners or billboard advertisements helps tremendously. Relying on newspaper advertisements is still a little too late, as people on the ground may have booked the best bets by the time the news travels to you. Hence, as a layperson, with no special connection to insiders’ news, you can still have your best bet by doing your homework i.e. be on the ground and stay close to the ground. Of course, you also need some pre-requisites like knowing what exactly you are looking for and whether you have the means to acquire it.
I am no big-time property investor but I believe in building wealth by property investment, thanks to my better half. I have a really strong hunch that KL city properties have tremendous potential and have not reached the peak yet. Well, frankly, you don’t need me to tell you that. There is plenty more room for further increase in property prices and if the government continues to be focusing on the economic growth strategy, prices can only head upwards with interests from foreign investors.
With some encouraging and promising news from property developers like SP Setia, Mah Sing, EmKay and Empire, you can be sure that the KL property scene will be very exciting for the next few years. Do strive to be on the “list” of invitees where pre-launches are held. I still have a long way to go but I hope it’s going to be possible one day…
