Just a couple of points to add to above.
For KL, what mode of exposure would you prefer - i.e. landed residential (any restriction re foreigner buying landed ? Am hearing different things from different people), resale condo, new condo, or commercial / industrial ?
Also, let me tap your thoughts on this project I'm looking at specifically- a place called Royal Domain in KL.
- About 3km from Mont Kiara, where new launches are at MYR1k psf, and existing developments are at about MYR700 to 800 psf
- Apparently, there's going to be a large scale mixed development coming up just opposite in 2015 with
MRT and
LRT linkage (approvals in place apparently + Naza TTDI is the developer of the proposed metropolis)
- Secondary market pricing c. MYR400+ psf
- Rental c. MYR2.6k
Again, positives are fantastic location + arbitrage pricing vs Mont Kiara + potential upside from new development + transit linkage via
MRT /
LRT.
Negatives are high density development (1000+ units, and Royal Regent with 600+ units coming up soon) + terrible traffic along Jalan Kuching.
What do you think?