Kuala Lumpur’s top three luxury neighbourhoods outside the city centre.

Kuala Lumpur’s top three luxury neighbourhoods outside the city centre

Status is also one reason for property investment

There are car brands where people view as having a higher status than others. This is why when it comes to property investment, there are some neighbourhoods which people associate as more ‘luxury’ than others.

In your mind, which are the few neighbourhoods which you consider as a luxury neighbourhood? Where most if not all of the residents would be someone well off since buying a property in these neighbourhoods may be expensive?

What is a luxury real estate?

Here’s one definition from investopedia.com – A high price tag alone won’t put a property in the luxury category. “It has to be unique and exclusive—in a good way, in a desirable way,” says Randy Char, president and broker of Char Luxury Real Estate in Las Vegas. “People who are wealthy will pay a premium for something that’s perceived to be superior.” If you like to read more, here’s the full article link: investopedia.com

Here are the top three luxury neighbourhoods outside the KL city centre which is for exclusive living. It could also be an investment but not for everyone yeah, only the wealthier ones. (According to Tatler Asia)

Article in tatlerasia.com Keith Ooi, group managing director at Knight Frank Malaysia said, “Kuala Lumpur has it all,” Ooi asserts. “Infrastructure, safety, convenience, and a high standard of living at a reasomable cost. It’s a package that’s hard to beat in today’s global market.” The three neighbourhoods mentioned in the article include the following:

Damansara Heights, Bukit Tunku and also Bangsar. Article in tatlerasia.com

Good reasons when one could afford

Many reasons were given and suffice to say, it involves many good reasons for the wealthier few considering neighbourhoods where it’s no longer possible to build too many new properties. All these neighbourhoods are considered prime areas and the article quotes the property specialists as saying that the rental market is healthy and it will continue be such because of scarcity.

Staying focused is key for property investment

For the richer ones, they are able to afford the higher priced properties which would give good returns over time. For the typical working professionals, we just need to understand that property prices of all types of properties do move upwards and that as salary increases, it also meant the value of money is going down and thus the property price would just move up in order to balance this change.

This is also why homes used to be just RM85,000 for a semi-detached home and today, RM85,000 may not even be enough for a flat. So, stay focused and do not think that property price is too high simply by looking at some luxury neighbourhoods yeah. All the best and I always wish that all kopiandproperty.com readers could afford or already staying at these luxury neighbourhoods mentioned above.

Cheers.

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