LOOKING AT KL PROPERTIES?

getting to the bottom of the twins.

The Kuala Lumpur real estate market is relatively stable despite international economical pressures.Many expatriates moving to the city are considering property purchases as an investment instrument. This investment vehicle can manifest itself in various forms such as condominiums near the city centre and the central business district, or houses with serene and refreshing environments in the suburbs.

Expatriates tend to look at the neighbourhoods of Kenny Hills, Damansara Heights and Bangsar, where there is a great range of international restaurants and bars. People working in the city also like staying at the city end of Jalan Ampang while Bukit Kiara and Taman Tun Dr Ismail are also popular.

The service apartment business in Kuala Lumpur is booming with condominiums offering the furnishing and facilities of five star luxury hotels available at rather reasonable rates. Discounts are usually available for longer stays and many of these venues have their own kitchen facilities as well as on-site restaurants, swimming pools, tennis and squash courts.

Investing in properties in KL is generally a good option with annual rental returns occasionally reaching 15 per cent of the purchase cost. Many larger developments do present a generic rental guarantee scheme to ensure a regular income from the initial outlay.

It is important to note that there are many real estate agents in Kuala Lumpur who are extremely useful and essential in giving an overall picture of the current state of the market and also a large range of options. Agents are useful in negotiating a good price from sellers or landlords so all parties get a fair deal, and helping buyers through the necessary paperwork.

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