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10% Discount For Kuala Lumpur Property Investors
January 26, 2009Article by Ray Withers
Kuala Lumpur 26 January 2009— It’s the new Chinese year of the ox, when diligent hard workers anticipate prosperity in return for their efforts – and with this in mind a 10% discount is offered to a limited number of property investors seeking their share of this prosperity in a new luxury Kuala Lumpur real estate development. International investment specialist Property Frontiers is launching the Sunway Vivaldi apartments project in the sought after Kuala Lumpur suburb of Mont Kiara – within an easy 20 minute drive from Kuala Lumpur business and financial districts. Starting from £545,052 before discount, the four-bed roomed apartments come with up to 75% loan-to-value finance and a guaranteed annual 7% rental return.
Finished to the highest standards, each bedroom has an en suite bathroom and the apartments come with family living areas, kitchen, and breakfast kitchen, powder room and air conditioning. Other development facilities include an Olympic-sized swimming pool, two smaller pools, squash court, tennis court, gym, jacuzzi and cafeteria. The development comprises 228 apartments spread over six blocks set within 7.7acres of landscape grounds. The expected completion date is sometime in 2011. “Affordability in the region, a fantastic indicator of property value, is one of the lowest in the world and offers the perfect environment for international buy-to-let,” said Ben Jefferis, sourcing manager at Oxford-based Property Frontiers. Kuala Lumpur has grown to a major Asian capital city with a robust financial sector and thriving high-tech industry feeding the insatiable Chinese economy.
Kuala Lumpur real estate is short of high quality accommodation as the growth of the city outstrips supply. Young professionals are attracted to Kuala Lumpur to work in the financial district and the ‘silicon’ valleys of Cyberjaya and Putrajaya. Over the last few years, Kuala Lumpur property has experienced strong capital growth. Investors can still acquire properties for good value compared to other Asian cities. Kuala Lumpur ranks eighth at US$1,400 per square foot – $500 less than seventh placed Philippines and way behind top-placed Hong Kong ($12,599) and Japan ($11,870), according to Global Property Guide. The suburbs of the city continue to attract new residents and Mont Kiara is one of the most highly sought after, having developed an international expatriate community. The district around Sunway Vivaldi is crammed with modern conveniences, including three international schools, exclusive country clubs with facilities riding, cricket, and golf. Nearby are complexes, restaurants, and bars. Investors should take note that capital gains tax in Malaysia now stands at 0%.
For more information contact Property Frontiers on +44 (0) 1865 202700.