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Kuala Lumpur Singing The High Notes In 2010
January 28, 2010Article by Ray Withers
Kuala Lumpur Property is one of the top 10 investments for 2010 according to experts in international property. According to sector specialist copywriting company Write About Property, what Malaysia and Kuala Lumpur loses in the fact that growth is not as spectacular as its regional rivals, it makes up for in stability with its favourable tax regime and because of the benefits it has from being an ex-British colony.
As the article detailed anyone buying Kuala Lumpur property benefits from all contracts being in English, and from the availability of finance to foreigners because of the financial services sector being very similar to that of Britain.
Because of the culture being close to that of Britain, because of the tax benefits, finance availability and first rate health care Kuala Lumpur is a hotbed for foreign retail outlets expansion into Europe. The city is also one of the most popular in Asia for young companies entering the city with a view to growing their company from a foothold in the growth centre that is Asia.
Currently Kuala Lumpur property is a favourite with young professional families and couples from Britain, who are moving abroad for better job opportunities and a better life and or because they can’t afford to get onto the property ladder back home. It is a fair assumption that a decent proportion of those will start businesses in Kuala Lumpur, either from a plan to do so, or because job availability in their field doesn’t meet their expectations.
For those reasons commercial Kuala Lumpur property is obviously a favourite with investors from around the world.
“We expect demand for office and commercial space in Kuala Lumpur to grow ferociously this year, having dropped to a low ebb at the end of 2009. During this increasing demand owners of such spaces will see rental yields increasing as competition begins to become an issue,” said David Cox, director of UK based international property investment consultancy Property Frontiers.
Property Frontiers is currently marketing the Southgate Complex in central Kuala Lumpur. Southgate is a complex of Grade A office suites offered at a 20% discounted price and with 80% finance. You don’t need to be a mathematician to add up that to a good deal. Expected yields are 8%+ and the minimum investment is just £18,000.
Southgate is located at the Southern Gateway of KL City on the boarder of the Golden Triangle and is only 5 minutes away from the city centre. The distinctive landmark is highly accessible via major roads such as Jalan Tun Razak, Jalan Dua, Jalan Sungai Besi, and Jalan Loke Yew. Major highways in the vicinity include the BESRAYA eastern extension as well as the SMART motorway tunnel.