Investment Potential of the Condominium in Kuala Lumpur
In Kuala Lumpur, you can find various types of properties for sale, including apartments or condos, houses, townhouses, and commercial properties like offices or shops. Apartments and condos offer modern living with amenities, while houses provide more space and often come in different sizes.
Whether you’re already living in Kuala Lumpur or considering it for your future, you might be pondering the buy vs. rent decision in this vibrant Malaysian capital. It’s better to buy if you are looking for a long-term investment in Kuala Lumpur as property prices tend to appreciate over time.
According to Numbeo, the property price-to-rent ratio in Kuala Lumpur is around 22.9, which is around the world average. This value shows that it would take you 23 long years of paying rents before you can own a property in Kuala Lumpur. Renting for such an extended period means you wouldn’t be building any equity, and you might end up spending more money without gaining ownership of the property.
Investing in condominiums in Kuala Lumpur presents a promising opportunity in 2024, driven by several key factors that enhance its appeal. Here are some of the reasons why investing in Kuala Lumpur’s condominium market can be advantageous:
Strategic Location and Connectivity
Kuala Lumpur is Malaysia’s capital and a major economic hub, offering excellent connectivity through extensive transportation networks including highways, MRT, LRT, and the upcoming high-speed rail link to Singapore.
Urban Development and Infrastructure Growth
Ongoing urban development projects and infrastructure improvements are transforming Kuala Lumpur into a modern metropolis. Areas like the Kuala Lumpur City Centre (KLCC), Bukit Bintang, and Mont Kiara are seeing significant development, enhancing the attractiveness of condominiums in these locations.
Growing Demand for Urban Living
There is a growing demand for urban living among young professionals and families who prefer the convenience of city life. Modern condominiums equipped with amenities like gyms, pools, and security offer an appealing lifestyle choice, driving demand in the rental and resale markets.
The most established neighbourhoods in Kuala Lumpur are the city centre, Bangsar, Damansara Heights and Mont Kiara, while up and coming areas are Setapak and Segambut.
KOTA SEMARAK GALLERIA
Jalan Sultan Yahya Petra
54100 Kuala Lumpur
Wilayah Persekutuan Kuala Lumpur
Sales Gallery Business Hours
Monday – Friday:
8.30 am – 5.30 pm
Saturday, Sunday & Public Holidays:
10.00 am – 5.00 pm
Send your enquiry to
enquiry@th-properties.com
Call us at
03-2602 3831
.