| Ref No. IP10236 > Kiara 3, Mont Kiara, Kuala Lumpar, Malaysia.Overseas Property Investment |
Price: £
From £143,000
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| Property Type: | apartment |
| Category: | |
| Location: | City |
| Status: | AVAILABLE |
| Bedrooms: | 3 |
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Luxury 3 bedroom apartment at Kiara 3. Available off plan with a completion date of March 2010. The developer offers a 6.5% rental guarantee per year for 2 years. Expected capital growth over the build time is expected to be 150%! The properties are offered as freehold and finance is available up to 85% subject to status. Only 15% deposit require (5% cashback on completion) with amazing capital growth potential. Full Investment report available free on request.
4/5 bed penthouse apartments also available!
The developers previous development in Malaysia increase in value by 269% over the 2 year build time!
The development is located on 1.98 acres of land; with access from Jalan Kiara 3 and the proposed Jalan Kiara 4 road. Kiara 3 will consist of a single tower of 24 floors, with the first 3-5 floors being allocated to residents and visitors parking followed by the podium level which will house the developments facilities. Thereafter each floor will consist of 8 apartments per floor; with a total of 160 apartments. In the central common area of each floor there will be 3 elevators servicing the tower.
Facilities and Amenities
- Swimming and Wading Pool
- Barbeque Pit
- Children’s Playground
- Landscape Garden
- Reading Room
- Gym
- Games Room
- Laundry
- Sauna
- Cafeteria
- Nursery
- Squash Courts
Kuala Lumpur
Kuala Lumpur or ‘KL’ is the capital of Malaysia, a booming metropolis that never seems to sleep. In the last 150 years it has grown from a tin mining outpost, on the mud banks where the Gombak and Klang rivers meet (hence its name ‘Muddy Estuary’), to a modern, world-class city of almost 2 million people. Today KL is home to the tallest twin towers in the world as well as the longest fully automated light rail transit system.Situated midway along the west coast of Peninsular Malaysia, it is approximately 35 km from the coast and sits at the centre of the Peninsula's extensive and modern transportation network. KL is easily the largest city in the nation. The ultra-modern Kuala Lumpur International Airport (KLIA) at Sepang opened in 1998 and is considered one of the most modern airports in the region. Its 10,000-hectare land area includes a Formula 1 racetrack, theme parks, an amusement centre and provision for airport expansion to handle 100 million passengers annually. It is linked to the heart of KL by a 57km (35-mile) express rail link offering a 28-minute end-to-end journey time.Over the last few years the KL property market has experienced strong capital growth. However investors are still able to acquire properties for good value compared to other Asian cities.
Positive Factors for Investing In Malaysian Property
- 2007 saw economic growth of 6.3%; its fastest growth in 3 years.
- Limited effect of sub prime crisis due to strong domestic demand.
- Stable inflation and interest rates.
- Increasing human capital and rising earning power.
- Service sector is the fastest growing areas of the economy.
- Ninth Malaysian Plan will see a further RM220 Billion (GBP 35.2 billion) invested into development and economic projects.
- In 2008 the government will allow EPF withdrawals to be put into housing loans.
- Declining corporate tax rate.
- The Malaysian Ringgit is likely to appreciate further in 2008/9.
- Low unemployment (below 4%).
- Ranked 14th country in the world in terms of FDI attractiveness.
- FDI increased by 69% in 2007.
- Rapid urbanisation.
- Government legislation encouraging foreign property investment.
- Property prices are still considered to be undervalued when compared to other cities in Asia.
- Buying costs are very low in Malaysia at between 3.4% to 6.75% of the property value, including agent’s commission.
- Strong domestic demand in the property market.
- Stable capital appreciation and rental yields.
- LTV 75% and low interest rates.
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Property Details http://www.propertywinners.co.uk/
Area Description
Mont Kiara has grown to become a popular suburb for Kuala Lumpur’s growing number of expatriates; in particular those expatriates from Japan, Korea, USA, UK. The suburb has also seen a growing number of upper middle class Malaysians move into the area. Mont Kiara is well serviced in terms of shops, restaurants, schools and businesses all of which are within close proximity. Plaza Mont Kiara is the main business hub of the suburb with many offices, restaurants and shops. It is also home to the popular Sunday ABC Market and the Fiesta Night Market; both of which are held in the fountain courtyard of the plaza.
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