First time buyers in Malaysia have been largely priced out of buying landed properties in Kuala Lumpur after massive price escalation. Stories like that of Joshua Nonis, who couldn’t find a quality landed property within his budget of 200,000RM, are becoming all too common.
Archive for the ‘Kuala Lumpur Property’ Category
First Time Buyers Priced out of KL Property Market
by Overseas Property Mall on Friday, December 3rd, 2010 in Kuala Lumpur Property, Malaysian Property
Malaysian Real Estate Healthy and Attractive to Foreign Investors
by Overseas Property Mall on Wednesday, October 7th, 2009 in Kuala Lumpur Property, Malaysian Property
The Malaysian real estate industry is debating whether or not c– “speculators” — should be allowed to buy in the country. They are worried that foreign investors speculative buying will push prices up and damage the health of the real estate industry. Currently driven almost entirely by resident Malaysians, the Malaysian property market is one of the least volatile in the world.
Developers Breathe New Life In To Kuala Lumpur Property
by Overseas Property Mall on Wednesday, August 5th, 2009 in KLCC Property, Kuala Lumpur Property, Malaysian Property, South-East-Asia Property
Kuala Lumpur’s property developers are taking simmering projects off the backburner and readying to launch new developments as the local property market picks up.
For the past year, developers have shelved plans for new building and consolidated by selling homes that were ready-built.
As demand for residential mortgages picks up, developers are opening show homes and testing the water by inviting prospective buyers to sign registers of interest.
Most developers have a tipping point of registrations that then kicks off development.
Kuala Lumpur’s housing market is mainly focused on a young, well-paid local population moving in to the city for work in hi-tech and financial sectors.
For Sale by Owner – 2 Bed Apartment KLCC Apartment in Hampshire Residences (1270 Sq. FT)
by OP-Mall on Wednesday, March 25th, 2009 in International Properties for Sale | Real Estate Listings, KLCC Property, Kuala Lumpur Property, Malaysian Property
A unique and spacious 1270sqft ♠ centrally located in the heart of the Golden Triangle in KLCC, the heart of the Malaysia economy, just 5 minutes walk from the world-famous Petronas Towers is for sale by owner. The apartment is luxuriously furnished with contemporary designer furniture, fitted kitchen, walk-in wardrobes, Hansgrohe fittings and broadband ready. This corner residence gives magnificent city views over the tree-lined streets of KLCC.
On-Going Property Price Corrections in the Far East
by Overseas Property Mall on Sunday, March 8th, 2009 in Hong Kong Property, Indonesian Property, Kuala Lumpur Property, Malaysian Property, Predictions, Singapore Property
Property prices in Hong Kong and Singapore are suffering the most as the ripples from the global financial crisis spread to the Far East.
Following on the heels of the US, UK and Europe, banks have shut off lending as governments strive to tackle falling output and rising unemployment.
Predictions are that the HK and Singapore property markets won’t show any signs of revival for at least a year or even longer.
New Low Cost Long Haul Flights from the UK to Malaysia Could Boost Property Purchases
by OP-Mall on Thursday, November 27th, 2008 in Kuala Lumpur Property, Malaysian Property, Travel
Axis Residences Deluxe in Kuala Lumpur Malaysia
by OP-Mall on Sunday, August 3rd, 2008 in International Properties for Sale | Real Estate Listings, Kuala Lumpur Property, Malaysian Property
The Axis Residence Deluxe is a 33 storey serviced apartment block in Pandan, Kuala Lumpur, Malaysia. With a fast expanding economy, Malaysia shows a GDP growth of over 5.5% since 2004 (confirmed at 6.1% for 2007).
As the capital city, Kuala Lumpur is placed ideally to benefit from this growth and has therefore developed into a modern, world-class city with a population of almost 2 million.
Compared to other parts of Asia like Hong Kong and Singapore, prices in Malaysia are still lower. Axis Residences Deluxe is the highest-end real estate in one of the fastest developing areas of Kuala Lumpur, where average household incomes are expected to double in the next 4 years.
Tips to Buying Property in Malaysia
by Overseas Property Mall on Monday, March 17th, 2008 in Guides and Tips, Kuala Lumpur Property, Malaysian Property
Where to Look
Kuala Lumpur is in a class apart as the country’s business capital and definitely the focus of most activity in residential, retail and office real estate. The city’s central business district is currently undergoing rapid change. However, KL’s long term prospects are not guaranteed despite all the activity. Singapore (pop. 4.5m) is only as far away as London is from Paris and this proximity means that Kuala Lumpur only has Malaysia (pop. 27m) as its hinterland. Given that KL and the KL ‘metropolitan region’ have populations of 1.8m and 6.9m respectively, it seems unlikely that the city can surprise by growing into a different league, either in terms of wealth or size. However, genuine friendliness and cooperation between the two countries could herald impressive new opportunities. WTW’s (CH Williams, Tahar & Wong) series of annual property reviews provides a good breakdown of developments around the country.
A Different Approach to Global Property Development – Distressed Projects
by Overseas Property Mall on Friday, January 25th, 2008 in Kuala Lumpur Property, Malaysian Property
K H Sim is a property developer. Specifically, he is the Managing Director of The Malaysian arm of Sydney based, Bluestone Group and based in Kuala Lumpur.
Bluestone Malaysia are responsible for a number of recent developments – all extremely successful. One in particular, the Taragon Puteri YKS in Yalan Lap Kwan Sen, was 100% sold out before completion. Another in downtown Kuala Lumpur was released this month.
But K H Sim is developing a reputation in another area of property development. Rescuing distressed building projects that have been abandoned in Kuala Lumpur.
Kuala Lumpur’s Wireless Plans
by Overseas Property Mall on Wednesday, December 19th, 2007 in Kuala Lumpur Property, Malaysian Property
Datuk Ab Hakim Borhan mayor of KL has a vision: Public information like building floor plans, application for business licenses, the filing of reports of accidents, bus schedules, or data on the city’s history – all at the push of a button or swipe of a barcode.
By using high-tech gadgets, all public housing officers would be able to scan a barcode installed at the building’s entrance and information such as the number of tenants, age and the duration of their tenancy will all be instantly available.
Tourists would no longer need tourist guides, as all buildings in Kuala Lumpur will have barcodes installed at the entrance whereby by just displaying a cell phones, information on the history of the building would be provided.
