Win-Win Property in Kota Kinabalu

For the past 7 years, I have been searching and looking around for a quality property to expand my portfolio hoping for both capital appreciation while continue enjoying good rental yield. After 7 years of searching, I feel that there are few properties might be worthwhile to consider if you are thinking of expanding your property portfolio. Bear in mind, all the ideas and reasons is base solely on my own personal view and experience after so many years of understanding KK property market. Normally I will strongly focus on both capital appreciation and rental yield whenever I want to expand my portfolio to ensure Win-Win situation.

Api Api and Marina Court

The only apartment and condominium within city and surrounded by matured shopping mall and commercial centre is Api-Api Apartment and Marina Court. Api-Api Apartment (AAA) is mostly cater for medium and lower end working class people while Marina Court (MC) is catering mostly on tourist and some of the rich holiday homes. Both properties have been appreciated and receiving good rental years all the while. I have been acquiring AAA’s since 2006 & 2007 with the purchase price of less than RM200K per unit and now the value has been appreciated above RM280K with double digit rental yield. MC’s also has been enjoying healthy appreciation with reasonable rental yield despite threat of losing their sea view 3 years from now. The future of AAA & MC will continue to do shine viewing that there is no more development land available nearby Further more with the escalating development cost, by all mean developers will not sell their property at AAA and MC current price. Not only that, if I’m developer I will develop commercial property rather than residential as it will easily fetch higher price of RM2500-RM3000 per sf just like what Centre Point & Wisma Merdeka commanding now.

Indah Court 

Another area I’m strongly recommending is known as Indah Court which flooded with good tenant group and rental yield. Indah Court has been appreciated a lot lately especially when all the new developments of condominium and apartment selling for RM280-RM350 per sf while Indah court only fetch around RM 170- RM210 per sf. Base on my experience, Indah Court will be “evergreen” portfolio simply because 70% of the government and private school in KK’s located here with less than 2KM radar or walking distance. With the threat of potential rising petrol cost in the future, a lot of people will continue to purchase nearby city centre property as their dream home to save time and cost over the long term. Further more this is where all potential good tenant like teachers, doctors, government staff and the most important double income family group which assure further the rental repayment capability.

Signal Hill

The most high end property which I didn’t own so far is Signal Hill which is famous of their perfect location with fronting south china view and back by Mount Kinabalu view. The property is sitting above the only hill facing KK city centre. Back in late 1990’s, the developer is having hard time selling the property above RM 200 per sf despite good location and view. The property prices only start to appreciate 5 years ago after foreigner and local professional going in. I remember one foreigner told me that workmanship can be maintain, renovated and repair but you can never repair the view. This group has pushed the price above RM400-RM500 per sf and helps to sustain the rental yield at 7%-10%. That why when the developer start launching their phase 2 (The Peak Suite), it was sold within 3 weeks and now the price has been appreciated not less than 40% even though without Occupancy Certificate. Their another success story is “The Peak Vista”, it was currently build building next to existing block facing south china sea and Likas Bay. The property was sold out within 2 hours with not less than RM360 per sf during their soft launching end of last year. Not only that, the prices been appreciated more than 20% even with current constructions of 40%. Mark my words, Signal Hill will continue to do well in the coming years due to location and fantastic view.   

Beverly Hills Apartment

Never come across into my mind that Beverly Hills will do so well when I started my property investment back in years 2004. This property is located about 8KM from KK City Centre with huge numbers of units. Even though the numbers of unit is huge but bear in mind, they are surrounded by matured commercial and industrial activities mainly from Bundusan, Damai, Luyang and Lintas. With the completion of the highway last month, I believe the demand and price will continue to be steady and sustainable. I didn’t own any property here but for those who just started their property investment; this will be a good area to build your investment guts giving low entry cost and low risk while generating good rental yield.

With that I hope, all of you will continue to share with me your experience for better understanding on our property market while building brighter future through property. Happy Investing

You cannot Grow Land.. Ck Wong & KH Wong

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2. Shopping Mall in Kota Kinabalu
3. WHY INVEST IN REAL ESTATE IN KOTA KINABALU?
4. Easing Rental Yield
5. Secret Of Property Millionaires Part 1