Likas is only about 3KM from KK city centre and squeeze between central development like Damai, Luyang & Penampang area while South development like Kingfisher, Kingfisher Sulaman, 1 Borneo and Indah Permai. Likas previously known as kampong Likas has change its face into mix development area especially for residential and commercial. It is one of the “MUST OWNED” property area especially for investor like me. There are few reasons why I say Likas is Jewelry for Sabahan.
a. Occupying 70% of major Schools in KK
- Unmoveable School
Believe it or not it’s up to you, but it’s a fact that Likas occupying 70% of the major schools in KK. Below are the lists of the schools:
- Tshung Tsin Secondary School
- Kian Kuok Middle School
- Lok Yuk Secondary School
- Chung Hua Primary School
- All Saints Secondary School
- Shan Tao Secondary School
- St James Primary School
- SMK Likas
- SMK Agama (under construction, next to Mosque Likas)
- Sinaran College
- Master Skill College
I know a lot of us dislike staying near to schools as the traffic flow is damn busy especially early in the morning and afternoon time. But for me I love to buy properties near to this school as its will be occupied by good tenant especially teachers and lecturer while the property will enjoy stable and steady appreciation. Look at Indah Court and Lucky Height Condominium, in less than 1 year the prices has been steadily rising above RM200K per unit depending on floor size, renovation, and floor. Not to mention there is less and less landed properties for sale advertise in the local newspaper which already indicating that a lot of people has awake from dreaming. So instead of selling why not wait another 3 years? I bet you will earn more than what you expected now.
b. Proximity to town & surrounded by matured Chinese community
All of us should agree that Likas will continue to grow looking at its distance to the town and close proximity to a lot of major residential, commercial i.e. 1Borneo Hyper Mall and government department like Hospital Likas and SMC. Talking about General Hospital, last month I met a doctor who employed under Kementerian Kesihatan Malaysia intend to purchase a property for own occupancy at Telipok area which is about 20Km from his workplace at Likas and about 25Km from KK city centre. Is there anything wrong purchasing property at Telipok? No but… he has to bear a long term pain of:
- Wasting “time” as the traveling about 40KM everyday which might took easily 45Minutes excluding potential traffic jam!!
- Wasting money especially long term petrol expenses and high repairing cost!!
- Wasting energy, why not spend more quality time with family!!
The 3”W’s” above will be long term commitment for him. Anyway it’s his choices. I remember I told you all about one of my client who purposely move from Iramanis to Bay Shore just to make sure she can have more time with her kids who studies at Likas area even though she need to pay RM2500 rental per month!!
c. Surrounded by new upcoming major development
Lifestyle Condominium to be Built
Likas only left with few pieces of fantastic and prime land for high rise residential and commercial development. Coming years you can no longer hope for landed residential properties within LIKAS area as developer will “capitalize” their land to the fullest. Look at KK Megamall project which has been took over by Kuok Group, the project is the last biggest flat land available in Likas facing the sea and backup by Mountain View. I heard the new owner will launched the project soon with GDV exceeding RM3B. I think it will be the hottest property ever launch at KK after 1Borneo Hyper Mall. Other high rise residential projects under planning are along Jalan Tuaran, Jalan Damai, and few around Signal Hill area. Not only that another beautiful flat land at Likas is near to Chung Hwa Primary schools which owned by Sandakan Oil palm tycoon also submitting plans for high rise residential. He bought it for not less than RM 50M @ RM 70 per sf so I think he will easily launch his condominium at RM500 per sf within the next 24 month. Looking backwards this area was offered to my client grandmother for free with annual assessment fees of less than RM1 per acre back in 1940’s. She declined the offers due to the annual assessment fees which she need to commit as long as she hold the land. Imaging if you are given such opportunity to own it, say 10 acres? It’s worth easily RM 26M (Valued at RM60 per sf). Yes RM 26M for the period of 70 years. Too bad there is no such opportunity now.
Looking into the future of Likas, I saw tremendous growth opportunity. I think this will be the last chances for us to own any pieces of the property at Likas.
Land of Opportunity
I strongly believe this area will continue to enjoy steady rental income and capital appreciation. As I always say, principles in life will be…“Buy & Wait”. Remember waiting is a COST to you!!
Happy Investing…
You cannot Grow Land..CK Wong & MY DAD
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{ 84 comments… read them below or add one }
hi ck,regarding indah court,my friend told me that the strata title was out.so,this may imply that the management will change,right?do you think this will affect the market value of indah court compare to other condo/apartments nearby likas area in the future?
hi ..CK
” easily launch his condominium at RM500 per sf within the next 24 month.’
what do u think of bank’s risk? Is the bank feel confident about rm500/sqft residential in KK in term of house loan? pls enlighten…10Q
HI,
South China Sea Palace is launched last week for RM600 psf. In HK prices is reaching RM38K psf..ours KLCC not even reaching 10% of the developing country prices. And our KK only reach 2% of their prices…What you think? Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
I saw an advertisement in the newspaper about the pre-registration of an upcoming condominium project somewhere in Likas and the price is rumours to be not less than RM500K for 1,+++Sq/ft.
Ever heard about that? & what is the intention for that kind of “pre-registration” (Selling even before having the project start the contruction) way of selling the condominium instead properly sell it during the official launch of the project?
Hi,
Its normal that some developer are putting up advertistment for ‘pre-launching” registeration. KK property is undergoing fantastic growth..With good location, I believe developer dont have any problem in selling their units. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
My cousin recommended this blog and she was totally right keep up the fantastic work!
Hi Lam,
In which newspaper did you see this advertisment? Is it Daily Express or the Chinese Overseas Daily newspaper?
AG
hey lam,
could you provide us more info about the advertisement such as the date of it, which newspaper and so forth. Is there any chance that you could take a picture of the ads and post it here?
hi CK,
I wonder why did you post the pratumnak heights condo pic as it is located in thailand. Well i think its for an example or illustration purpose but I would be more happy if you could post up pics of upcoming condos around KK =). Any news on the proposed condo nearby Wisma Perindustrian.
HI,
Most of the project details is not avaiable to be view as the local approval has not approved the land yet. I know directly from developer. They can’t give you the details until they reach final approval. All the photo shown in the blog is for illustration only. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
I went to see Lucky Heights last weekend, it’s pretty old already and some units are vacant for years. There is 1 unit asking for 230k. There are rumours that developer going to launch phase 2 soon, but valuer also commented that the management is quite poor hence the price of Lucky Heights remained stagnant for many years. What’s your opinion on 230k for a 20+ years condominium?
by the way, i saw the ads of pre-registration for new likas condo in See-Hua newspaper. I called them, but they didn’t give too much details, only ask you to leave your name and number and they will call you back.
Hi,
Happy Investing.
Valuer has their own view on this. I’m comparing with all the current development and potential of surrounding environment, I foresee better prospect compare to new condominium. ie if you are purchasing new condo at RM450 psf @ RM 450K per unit (1000 sf)..compare to you purchasing Lucky Height at RM230K @ RM 230 psf..which one is better? Given rental possibility which one is easy to rent? You risk is much lower..In the future ‘affordablity” home is getting less. Frankly I still prefer Lucky Height..I started investing in Lucky Height many years ago that is when everyone “dont like it”…Now people are looking for this area
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
Is Peak SOHO 868sft at RM 415/sft a good buy?
Thank you
HI,
I dont know whether its a good buy or not..at the end of the day you must ask yourself what is your expected rental yield? ie..if you expect 6% from 400K properties @ RM24K per annum or RM2K per month excluding management fees. Do you think you will get such tenant? If you can get it easily then please proceed to buy the properties..if not you better think twice..Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi ck, what are the investment potential of south china sea place.I would like to invest in a smallest hotel suit unit on 9year lease at 7%gross rental return.what are the risks involved?please advise.
Hi,
The risks is too high. I prefer to avoid this kind of property as its investment scheme that designed to benefit the landower and developer more. While they enjoying “free interest” & free risk, the purchaser are taking all the burden. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
Owners of Lucky Heights condo are really lucky! Less than 3 years ago, you could purchase one unit for Rm130k. At this price (10% down & 20 year loan), the entry point is easy for smart purchasers. However, a lot of people do not like it because it is poorly maintained. But among the owners are politicians and lawyers. Some of these units are extensively renovated although it look very ordinary from outside. Most of the owners do not stay there but rent out their units. Just recently, my friend told me one unit was transacted for Rm230K. The selling point is the location – and if the surrounding condos like Radiant Tower, Radiant Heights are fetching Rm400/sq ft & above, there is no reason why with a bit of external renovation by the management, Lucky Heights will be a premium property too. Thumbs up to Lucky Heights because it is a good buy..what is your view on this?? Thanks & Happy investing
hi..guys..
how much is the services fee? how many unit in Lucky Heights condo ?
10Q
Hi,
The management fees is RM0.20 psf..Around RM200. Total of 48 units only within 13 acres of greeny facing the mountain. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
HI,
Lucky Height Condominium are sitting on more than 10 acres of land. Sooner or later the owner will start their phase 2 & 3. And even if the owner dont start anything, I believe the owner of Lucky Height will still benefited from large open space, greeny environment and more fresh air every morning. Its a ’surewin” properties. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
hi..Ck
10Q for ur information.
1. Is the title/strata title ready?
2. Any information on phase 2 & 3, like layout proposal?
HI,
The property still under master title (999 years title). The phase 2 & 3 information is to published by the developer as its still under planning stages. I understand the company might sell this pieces of land to other developer. Anyway its a good news for the owner. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi GK,
Lucky Height is really a “Sleeping Giant”! Pls grab it if u happen to know someone selling it!
The potential is great.
Rgds,
HI,
Its worth considering in view of location, pricing and potential for capital appreciation. Happy Investing.
You cannot Grow Land..CK Wong & MYDAD
“beautiful flat land at Likas is near to Chung Hwa Primary schools which owned by Sandakan Oil palm tycoon ”
You mean the lot next to Lok Yuk SRJK school?
This 16+ acres belonged to the church and they sold it off for around rm34mil…..prime location.
Theres a condo coming up next to wisma perindustrian. Who owns this?
Hi,
Yes..next to the Lok Yuk, still greeny jungle. The owner of the project is having office at Wisma Perindustrian. You can find out there. Happy Investing.
You cannot Grow Land..CK Wong & MYDAD
CK’
Yes, tha’s a very fine area to have a development.
hi there ck,
whats your opinion on the recently launched putra villa kobusak by sino borneon construction last 20 th may.
Anyone here, know price? anyone know, is it guarded? , since i bet it will be expensive that area
Hi,
The pricing starting from RM840K. I heard it was mostly sold before it advertise. Happy Investing.
You cannot Grow Land.. CK Wong & MY DAD
Yes Mike. I post a comment on another thread about this. Called up the developer office & the moment I mention the project, “Sori rumah di sini baru kami habis jual.” The location is superb and each unit frontage start from 28 ft. It’s a bit wasteful of land in my 20 cent opinion. They should just built smaller terrace houses eg: 22-24 ft and sell at slightly cheaper price, still people will grab.
hi Ck, Redyoyo,
regarding putra vila, yeah a bit too expensive although big, but surprisingly sold out. I need another opinion, what do you think of the kingfisher shophouse? double storey intermediate is selling around Rm 680K. the place definitely not so happening, but i think got potential especially few years down the road, i think. there is a lot of demand for restaurant there. probably can fetch good yield?
HI,
There will be future development by Pan Sheng Group as they have the largest flat land bank (almost 163 acres) within Kingfishers link to Inanam Laut. So the potential for Kingfisher is not ended as what you can see today. The project is still under planning. Shoplot at Kingfisher is too niches that why rental yield is very low. Furthermore the target customer now is mostly on UMS student which the purchasing power is weak. If you have the cash and holding power. Try nego for lower prices say RM600K. This will increase your yield. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
I recently bought my first property in Likas Square for investment, fully furnished (even with dryer machine, 40″ LCD TV, etc) and cabineted…how much would be a fair rental there for all the furnishings that comes with it? I’ve seen some asking for around 1.8k while some ask for around 3k…
HI,
You can try RM2K-RM2.5K but not easy to get such tenant. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
halo..
hi..how much u transacted? 1400sq?
management fee?
10Q
Hi GK,
sorry..just checked my mail and realize I have not reply this thread. Bought the place for around 320k and the management fee is about 250/month.
Its difficult to get tenants even with my spacious 4r3b api2 apt. It has been vacant 2 months. I asked for rm1900, which is reasonable, i think. I have now drop it to rm1600.
So if you are thinking of getting tenants to pay u 2.5k a month rental… forget it. It is difficult.
Hi,
I rented my api api apartment fully furnish for RM1850 tenancy for 5 yrs..So I think its about luck sometimes. If you wanna rent for around RM1600 i think its easy. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Erm…Joe..
try to rent to group of employee in Center point? any good?
or split into two group of tenants..may be a bit troblesome and costly..
Rented to west malaysian for 3 year tenancy at
rm1600 unfurnished.
Not bad, at least gives me some peace for now.
Hi,
Good for you. At least 3 years “auto-pilot” already. You can proceed for other properties acquisition. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi Wong,
Wanna ask your opinion on Indah Court, block violet, top floor, fully furnished with 3 aircond, fridge, washing machine etc, selling at RM210K.. do you think it is worth to buy? i heard the bank value is around 190k. How much do you think the rental will be for a top floor unit at this area?
Appreciate your opinion
TQ
HI,
If I’m not wrong the unit is at 4tyh Floor selling by agent Hadapn usaha. The unit is too high. I wont buy this unit as I alway thought that “lazy” people is getting more. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
To climb 4th floors everyday is no joke.
It is difficult to rent out, even if u do, the rental is low and unattractive. Not many of us wants to climb 4 storeys to reach our home. Lets be realistic.
thanks Wong & Joe… the unit is all fine except the floor location and the water prob
anyway we also decided not to buy this… thanks for your opinion 
let’s hope to get a better one…
btw, i’m also looking at grace ville area, got view 1 unit at block B, selling at 432k for 1440 sft…i’m still thinking of this one as if getting this, we need to chip in monthly around RM500-600, assuming renting around rm1800/month… but if the unit is not able to rent out for few months, it could be quite painful for the monthly installment… how do you think of the renting potential at grace ville area?
HI,
Last few years there is lawyer offereing me RM310K for 144osf duplex. I decline the offer sinc the rental is not attractive. Not easy to get rental RM1800 per month. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
I had wanted to get this for my retirement. When we went to view the duplex, we found it to be at 3rd and 4th floor. Meaning at 70 yrs old, i need to climb 3 storeys just to renter the house. No thanks.
QN, you are buying into a negative cash flow property. Be careful. It can burn a hole in your pocket and leave you burnt.
HI,
I agreed. Unless you willing to take lower rental and didn’t expect high appreciation potential. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi Wong and Joe,
thanks for your comments… i thought grace ville has potential as it is located at town area, so those are expat or high salary income would be able to afford for this rental. Ya, i also know it is a negative cash flow property, but if long term, expect it has appreciation potential. but if in CK’s view, you see it is not high appreciation potential…can you explain it a bit further? i’m still taking my first step on learning on property investment
Really appreciate your comments, it has opened me to a better view
You forgot there are also several kindergardens
St Agnes, Likas
Seri Insan, Likas.
HI,
Thank you. I also forgot…This will contribute more into the growth of Likas. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi QN,
do u ever go to Grace Ville during afternoon hours? I ever encounter “undertaker” during that hour when I was at the roundabout, the whole road jam due to that scene, don’t forget there is a Muslim Cemetery in front of Grace Court, furthermore Grace Ville & Grace Garden share the same road, what do u think?
if u really want to invest, try Riverside Plaza or other shoplot at Kingfisher, their selling price is very low, much more lower than the housing area overthere, shoplot 1200 sqfeet what do u expect? turn it into “bilik sewa” u enough to cover ur loan & get another extra RM600 for ur own expenses, doesn’t that sound good to u? as long as u know how to manage.
I agreed with CK Wong, IF U ARE STILL THINKING, THINK HARDER, property is not a single lesson u can learn in 1 day, here is a book I want to recommend to u, by Dr.Peter Yee “You Can Become Rich In Property”.
We wait for ur good news.
Hi Gwen,
thanks for your comments. i will get the book you suggested
Hi Gwen and friends,
The book “You can become rich in property’ is a good reference book especially in Malaysia property market.
In property investment,we need to analyse real estate deal,
1.Learn how to determine the value of the building.
2.Learn different ways of calculating the returns.
3.Learn how to determine the price that you want to pay.
4.Learn different ratio to used.
Happy investing.
Invest in knowledge, net working and we can all learn together here. Birds of the same feather flock together, that’s why we are all here.LOL.
Hi All,
Human being or (even the whole society) is getting smarter with the demand of the environment. We learn and networking together,in investkk.com we are “Cultivating excellence within us all”.
Hi,
We learn faster through other people experiences and mistake. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
hi CK & friends,
but based on your block comments, Indah Court is highly commented place to get 
Do you think this price is going to increase in the future? 
wanna ask your opinion on Indah Court, 3rd floor, block orchid selling at 210k, is it worth to buy? i have viewed the unit, need some renovation like painting and some touch up for toilet, costing around 7-8k. Renting at 3rd i assume is Rm1000/month…if calculate is still a negative
Appreciate your comments
HI,
As I mention many time here…lazy people is getting more. IF you dont mind to have lower rental yield and lower capital appreciation, why not? Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
hi CK,
wanna ask your opinion on comparison between lucky heights and indah court (1st floor) in terms of rental yield and capital appreciation if the purchase price of both is same 230k?
HI,
Rental yield for Lucky Height is lower compare to Indah Court. But its a different properties since its location at hill side with fresh air every morning whereby Indah Court is surrounded by matured schools which you might not like it. For your info, IJM has bought one pieces of land near Lucky Height and expected to lauching next 12 month and I heard they are building high end condo with selling prices not less than RM600 psf. So I believe appreciation for Lucky Height is abit more since the property is sitting on 13 acres of land with only 48 units (based on land utilisation, they can built another 300 units) . Whereby Indah court is fully developed. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Wow another condo by IJM and the price is sure going to be expensive since its luxury. I heard Sara Timur also have plans to build a 14 storey condo some near the end side of Likas Hill facing towards Day Yeh and Wilakaya (Wah Mie) is also proposing another condo nearby the same place. Its great to hear so many new proposed condos in the city.
Btw, CK Wong, any news on the signal hill residence and surian residences condo? Maybe you should write up another article on condos in KK and update us
cheers
http://www.signalhillresidence.com/
http://www.surianresidences.com.my/
HI,
Condominium expected to be launch at Likas area will be more than 10 site. So just wait and see..Most of the developer will start lauching within the next 12 month. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Beware the road from jalan tuaran either thru the Government printing or wisma wanita side leading to this new sinal hill condo, manikar, prestige, Methodist church.It flood !. you can see, every time it rain heavily, ppl park their cars up to the main road. They are building drains now going out to where the Archery Club into the main drain that leading to the Bird park- Likas sqr. Hope it helps.
Don’t think enough infra for the whole development. The houses there maybe flood free but the road leading to it can be problematic as all the runoff from signal hill are channel to the low-lying area.
btw, there are 2 other routes going to Manikar other than from jalan tuaran. anyway, thanks for the info.
Hi CK ,
The Pacific Parade project or KK Megamall, near Likas Sqr will be revived soon. Will see some action here in the second half of the year. I heard Bina Puri is in the picture this time round . Chances to see it come to fruition is much better as they have been in KK for like 20 years as an accomplished developer.
Inevitably will see another Condo project up again in front of Likas seafront. So the next few years Likas is a very promising location to invest.
Cheers
Is that another condo or office building in front of Wisma Perindustrian? There are piling works going on over there.
Bina Puri would go a good job if they became the contractor for Pacific Parade as they are one of the well known contractors in sabah. They are currently involve in KK city waterfront, Tiara Boutique Pool and some apartments in Menggatal.
Besides, they do have plans for a 18 storey Jesselton Villa condo behind Taman Luyang Phase 6
http://www.binapuri.com.my/Projects/Current/Property/jesseltonvilla.htm
HI,
The condo is known as Bay21. The expected prices psf is about RM500 or more. More information is not reveal by the developer and I heard mostly been book upfront. Leftover unit is mostly “BUMI” lot. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
HI,
Its the centre for every corner ie Damai, Kingfisher, Likas and Inanam. Likas is the major housing area for the next 5 years condominium development. I have no doubt over the pontential growth of LIKAS. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
HI
Any comments on the Penampang area, like Beverly Hills apartment or Taman Penampang apartment… is it the good location to invest beside Likas area or how much is the rental per month there? any idea.
Hi SAN AMIN. sorry . Yes other way is from signal hill down which is a very good if you are going from town.
Hello,
Anyone here has a condo unit in Likas square?
Subsale is still at below 400k. For its location, view and facilities, i was thinking of investing here.
How is the management and maintenance of this property? From the outside, it looked quite run down, tired and old. Anyone has 1st hand experience here?
Hows the likas square mall downstairs? Is it as busy and vibrant as before?
HI,
60% of Likas Square belong to management company whereby they are using it as services apartment. So far the continously buying if the price is right. so in long term I dont see any problem with the management. Old property doesnt mean not good. Remember property is all about location!! Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK, Peak Suite 320k 920sq built up area or a terrace 250k i800sq land area single story in Likas Jaya good as investment property?Thanks for your expert advice.
HI,
I will go for landed. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK & frens,
wanna ask your opinion, i have 2 offers Colonnades condo at 10th floor, 1900++sft selling at RM440k and Marina court 3rd floor at 550k. which one is good to invest? need your expertise on this
HI,
I cant answer you this question. The factor to consider is too big..ie…what is your objective? capital appreciation or rental yield?How strong is your current financial status? Can you get the loan approved? How is the condition of the house?Tenanted or vacant? Who is your targeted tenant? What happen if not rented for 6 month? etc…Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Having a visit to KK last week. Also visited the Condos development near to Signal Hill and Bukit Bendera. Yes, the view is so nice, facing the sea and located at high ground. But….
One heavy rain or earthquake can cause u lose every thing. Not only ur property but ur life and ur family’s life. Look at highland tower, Bukit Antarabangsa and etc. The construction/development at highland is always uncertained!!!
DuN worry! All slope project taken care by authority!
I think is taken by god!!! good luck!
I lost my very good friend DR. Yogeswary N. in the recent landslide in bukit antarabangsa. It was a terrible accident and potentially can happen in any high slope development. Avoid at all cost.
Malaysian developers do not think twice about building on high lands, hill slope engineering protocols are not adhered to. Most only think about getting the building up and the reaping profits thereafter… We are now fighting the same battle in bukit gasing PJ.
Is Peak Vista RM600/psf sustainable , no other site in KK has that view though.
HI,
I have less confident. The Peak Vista Block A level 12-18 open last week selling for >RM700. And expected above level 19 developer will sell from RM900psf. At the end of the day, property prices rise MUST be supported by rental yield. If they rental yield is not justifiable, you must be careful of such property. Happy Investing
You cannot Grow Land..CK Wong & MY DAD
Yes, avoid, avoid, avoid.
High end property is not for the average joe. 6 months no rental and you are in deep trouble.
A good investment for one person , can also be a nighmare for another.
EVEN as certain top-end condominium units have been sold at hefty prices, the general rental market in the KLCC vicinity has remained somewhat sluggish.
Furthermore, given the expected fall in the number of expatriates in the country, real estate consultancy Rahim & Co executive chairman Datuk Abdul Rahim Rahman says the rental market in KLCC may not improve in the next two years while prices could also fall as owners come under pressure from their financiers.
“This may lead to some of these owners off loading their properties at a discount,” he says.
thestar.com.my