There are only a few reasons as to why people buy a property. Two of the main reasons are – to purchase their own home instead of renting, and secondly, to invest in a property in hopes that the property will be rented out while the property appreciates at price.
Whether the property is bought as a residence, or to be used as an investment, ample research must be done before jumping into the property market. By doing so, there will be many problems and disappointments that can be avoided. Doing due diligence before purchasing a property will help one to purchase the property that is best suited for his or her purpose.
Here, we compare several luxury properties in Kuala Lumpur that will bring the best investment returns.
Four Seasons Place KLCC
Four Seasons Place KLCC is a serviced residence located at the Four Seasons Hotel Kuala Lumpur. Known for its exclusiveness, Four Seasons Place is a symbol of luxury and prestige.
Completed in 2017, this property was developed by Venus Assets Sdn Bhd. Its address on Jalan Ampang, KLCC makes it one of the most sought after residential properties in Kuala Lumpur. Built on freehold land, Four Seasons Place KLCC has a total of 240 units. Units here have 1 to 5 bedrooms, with build-up sizes ranging from 1,098 square feet to 7,039 square feet.
Easily accessible via main roads such as Jalan Tun Razak, as well as public transportation, with the KLCC LRT Station just a short walk away, the Four Seasons Place KLCC is a serviced residence that has all that one would ever need. From shopping to relaxation, the Four Seasons Place KLCC offers its best, catering to its residents’ every whim and fancy.
Not only is it located right in the Golden Triangle, but it is also right beside Malaysia’s iconic Petronas Twin Towers.
The Four Seasons Place KLCC launched at RM3,000 per square feet. Sub sale units have been known to sell at RM3,300.00 per square feet. This is equivalent to an appreciation rate of 10% since its launching. Rental for property here can fetch up to RM50,000.00 per month.
Pavilion Embassy
Also on Jalan Ampang, Pavilion Embassy is a development that consists of corporate suites, luxury residences, and serviced suites. The project was developed by Pedoman Ikhtisas Sdn Bhd which is a subsidiary of Global Oriental Berhad.
Built on freehold land, Pavilion Embassy has a total of 183 units that have 2 to 4 bedrooms. The build-up size for units here ranges from 1,494 square feet to 2,701 square feet per unit. This property is expected to be completed in the fourth quarter of 2021.
Pavilion Embassy’s opulent address makes it highly sought after by many. It is easily accessible with main roads in KLCC such as Jalan Tun Razak. Jalan Ampang in itself is one of KLCC’s main roads as well. Nearby rail stations that include the Ampang Park LRT Station, the KLCC LRT Station and the Ampang Park MRT Station.
Being on the ‘Embassy Row’ also means that it is close to numerous embassies. The Bukit Bintang Shopping District, where there are plenty of retail outlets including those that carry big international brands is just a short distance away.
The launching price for units at Pavilion Embassy is about RM1,500 per square feet. While still in construction, units at Pavilion Embassy have continued to sell despite the Covid-19 pandemic.
YOO8 Serviced by Kempinski at 8 Conlay
Setting the benchmark as the latest in branded serviced residences, YOO8 is serviced by Kempinski, Europe’s oldest luxury hotelier. Located on Jalan Conlay, YOO8 occupies two of 8 Conlay’s three magnificent towers right in the heart of KLCC.
Developed by KSK Land on freehold land, YOO8 has a total of 1,062 units with 1 to 3 bedrooms. Units here have a build-up size of 700 square feet to 1,308 square feet.
Residents of YOO8 will be able to enjoy full facilities including a Water Lounge that opens up to a 25-meter lap pool, a Green Refuge where one can have a relaxing time as well as a state of the art gymnasium. There is also a multi-purpose room, a library area and a game room.
In addition to this, Kempinski’s old school hospitality will leave one wanting for nothing. Some of our favourite Kempinski’s services are the concierge service, valet services, housekeeping and laundry services, a private chef and also an on-call tailor.
Being right in the middle of KLCC means that YOO8 is close to the Bukit Bintang Shopping District, plenty of restaurants, international schools, banks, and hospitals. It is easily accessible via main roads as well as LRT and MRT stations.
The launching price of YOO8 is RM 2,800 per square feet. The current price for units here can reach up to RM3,370 per square feet, giving this property an appreciation rate of 14% since it launched.
Met 1 Residences at KL Metropolis
Located in Dutamas, Met 1 Residences at KL Metropolis is a serviced residence that spans across 75 acres of prime land. It is next to matured and affluent neighbourhoods such as Mont Kiara and Damansara Heights.
There are a total of 616 units at Met 1 Residence at KL Metropolis. Units here have 1 to 3 bedrooms with build-up sizes that range from 677 square feet to 1,613 square feet. Developed by Naza TTDI Sdn Bhd, this property is due to be completed in 2021.
It is easily accessible and enjoys good connectivity to the other parts of Kuala Lumpur via main roads and major highways such as Jalan Kuching, Jalan Tuanku Abdul Halim, the DUKE Highway and the New Klang Valley Expressway. Met 1 Residences at KL Metropolis is the perfect residence for those who prefer not to be right in the centre of the hustle and bustle of the city centre, but still want to be close enough to enjoy all that the city has to offer.
There are plenty of amenities that are close by. International schools that are close by include the Mont’Kiara International School and Gardens International School. Shopping malls that are just a short drive away include Publika Shopping Gallery, Hartamas Shopping Center and 1 Mont’Kiara.
Facilities here include an elevated gymnasium, a glorious swimming pool, a barbeque garden and a children’s play area.
Met 1 Residence at KL Metropolis is directly linked to the 80,000 square feet Met 1 Retail, as well as walking distance to MITEC.
The launching price for units here is RM1,100.00 per square feet. The highest listed price for property here is RM779,000.00 for a 677 square feet unit which is equivalent to RM1150.66 per square feet.
Conclusion
Choosing a property to invest in is never easy. Many factors influence one’s choice and one should always do a little bit of comparison with properties in the area before putting down a deposit. In choosing a property for investment, one should always be aware of the property’s appreciation rate as well as rental yields to make a good decision.