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Key selling points
- Sought after location within KL’s Golden Triangle
- Forecasted Rental Yields of at least 10%
- Annualised Return on Cash Invested of 72%
- GDP growth in 2006 was 5.8%
- Young population with over half the Malaysian population is under 27
Key Features
- Sought after location within KL’s Golden Triangle
- Luxurious amenities aimed at the life-style orientated young professional with apartments ranging from 1 bedroom apartments to 5 bedroom penthouses
- Forecasted Rental Yields of at least 10%
- 70% LTV mortgages available, allowing cash investments from £25k plus purchase costs
- A secure development, backed by Bank Rakyat Malaysia Berhad, one of Malaysia’s oldest banks.
- Annualised Return on Cash Invested of 72%
- Kuala Lumpur is the main city set to benefit from Malaysia’s booming economy
- Facilities for businessmen and tourists alike, with an abundance of shopping malls, green parks and high quality hotels
- Urbanisation rates are very high, with the urban community set to increase by 4.5m over next 15 years
- GDP growth in 2006 was 5.8%
- Young population with over half the Malaysian population is under 27
- Affordability is at a ten-year high in Malaysia, only 18% of monthly income now required to service a mortgage
- Capital Gains
Tax was abolished (from 30% down to 0%) in April 2007
Description
With a population of 24m (half of which are under 27 yrs of age), urbanisation occurring at an alarming rate of 10% per annum and supply estimated at 44% of current demand, the Malaysian property market is an exciting place to be right now. Add to this a ten-year high for affordability, low interest rates, mortgage lenders providing longer repayment periods and with wages increasing, indicators for profitable investment abound. Economically Malaysia is robust, with unemployment now below 4% due to the surging high-tech sector feeding the fast growing consumer hunger of neighbouring China. GDP has been over 5.5% for the past 3 years and as a result consumer confidence sustained near 10%. Recently, Capital Gains Tax has been abolished in Malaysia, down from 30%, further bolstering the market attractiveness for local investors, as well as foreign investors.
Location
The central district for business and pleasure, KLCC as it commonly known is the traditional centre for multi-national business and tourism, and with the majority of 5 and 6-star hotels in the area, this downtown spot offers everything for businessmen and tourists alike. With bountiful restaurants, shopping malls, and beautiful green parks, KLCC is the jewel of Kuala Lumpur. With the booming Malaysian economy and rapidly urbanising population, city centre demand is high and yields and appreciation are set to follow. KL itself is in prime location for this growth, being located within 5 hours of 60% of the world’s population and being home to the world’s longest fully automated light rail transit system. Properties Situated in the sought after location of Jalan Sultan Ismail, the Crest development is designed to attract the ever increasing young professional market in Kuala Lumpur City Centre. Located within a short walking distance of the light rail and monorail systems and centrally located for all the shopping and entertainment facilities the city has to offer, including the famous Bintang Walk. With full luxurious amenities as required in such a prestigious address, The Crest gives investors an investment that will be desirable to all locals and visitors. Mortgages are available (70%<85%) so buyers can invest with as little as £25,500 cash plus purchase costs. Assuming a very conservative 15% capital appreciation and achievable yields of 10% (based on current rental rates) we predict an annualised return on capital invested of 72%. Swimming Pool Gym & Sauna Cafés and Restaurants Parking Children’s Playground Nursery Landscaped Gardens
Payment Schedule
- Reservation deposit of 2% of the total purchase price
- 18% upon signing the SPA within 40 days of signing the reservation agreement
- 10% once SPA is signed and returned
- Many small scheduled payments until completion in 2010
What's on Offer?
1-bed apartment (616 sqft) MYR 588,280 (~£85k) 2-bed apartments from (835 sqft) MYR 772,375 (~ £111k) 3-bed Apartment (1,182 sqft) MYR 1,121,718 (~ £162k)
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