Kuala Lumpur Property: Something for Everyone

Author: David Stanley Redfern Ltd

Article:
The Malaysian property market is one of the strongest in the
world; a semi-mature market with plenty of room for growth. The
government has gone to incredible lengths to encourage
investment ��" automatically granting residency to any
foreigner who buys property; abolishing capital gains tax and
offering other tax incentives. And as Malaysia is an ex-British
colony, finance is readily available and all paperwork is in
English.
Property is expected to grow by no less than 15 percent per year
over the coming years and rental yields of 8-10 percent can be
expected. The city itself has grown from the humble beginnings
of an 1850’s tin-mining centre to a core of economic activity,
with a market capitalisation of around $319 billion. Crammed
with corporations and multinationals, Kuala Lumpur is the
fastest growing metropolitan area in the country, both in terms
of population and economy. The thousands of employees that move
to Kuala Lumpur each year need quality rental accommodation.

The tourism sector also plays an important part in Kuala
Lumpur’s burgeoning economy. Medical tourists flood in to take
advantage of the city’s advanced health services, while
conference tourism has also expanded in recent years and is fast
becoming an important component of the industry.

Others come to shop as the city develops into an international
shopping destination home to mega malls and global brands. Then
there’s the architecture; the arts; the cultural sites and
landmarks; the parks; the food; the nightlife. Thousands of
tourists visit each year and these tourists also need quality
rental accommodation.

David Stanley Redfern Ltd currently have two properties in Kuala
Lumpur. Their Vivaldi property is a new off-plan condominium in
Mont Kiara. It offers high end resort living with ultra modern
facilities and all the conveniences of being in an urban
location. Every apartment has its own private lift access, and
each block its own private lobby. Every resident can enjoy the
comprehensive clubhouse; the cantilevered gym and swimming pool;
the cascading waterfall; the open-plan spaces. Vivaldi
apartments are available from £362,000.

DSR's second property is The Crest. Situated in Jalan Sultan
Ismail The Crest it is a five minute walk from Kula Lumpur city
centre and the world’s tallest twin buildings, the Petronas
Twin Towers. CIMB Bank can provide 70 percent of the finance
secured over the Crest property itself, rather than the
borrowers existing assets. And as the bank is shouldering the
risk, due diligence is being exhausted on every aspect of this
project ��" from its commercial viability to the
construction and operational plans. Only 7 units are available
at this time, ranging in price from £165k to £205k.
Find out more about Malaysian property
media@davidstanleyredfern.com
About the author:
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas
property investment specialists. The reasons for this are an
incomparable range of international properties spanning 40
destinations worldwide, and unrivalled customer care, which
lasts long after the purchase has been completed.