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| Property Type: Apartment |
Property Site: City / Village |
| Country: MALAYSIA |
City: Kuala Lumpur |
| Zip Code: 0000 |
Region: Kuala Lumpur |
| Address: Kiara 3 Kuala Lumpur, Malaysia |
Vacation Property (for rent): No |
| Construction Year: 2010 |
Surface Area: |
| Bedrooms: 3 |
Bathrooms: 0 |
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AFFITTO CASA ISLA MARGARITA PORLAMAR VENEZUELA CARAIBI
( APPARTAMENTO TOWN-HOUSE )
IN UN CONDOMINIO ESCLUSIVO DI SOLO SETTE VILLETTE DOTATA DI ARIA CONDIZIONATA E TUTTI I COMFORTS.
 Key Features
* 80 LTV off-plan mortgages available allowing investments with £28,385 cash plus purchase costs
* Estimated net rental yields between 5.5 & 8
* Kiara 3 offers buyers the benefit of freehold title
* Kuala Lumpur is the main city to benefit from Malaysia’s booming economy
* Phenomenal growth has lead to high demand for quality accommodation
* Mont Kiara is one of the most desirable suburbs of Kuala Lumpur with launch prices reaching a record high in 2007
* Urbanisation rates are very high, with the urban community set to increase by 4.5m over next 15 years
* GDP growth was 6.1 in 2007
* Young population - 59 of the Malaysian population is under 30
* Capital Gains Tax was reduced to 0 (from 30) in April 2007
Description
As a result of the rapidly expanding Malaysian economy, Kuala Lumpur has developed from a small town to a major capital city with a robust financial sector and thriving high-tech industry feeding the insatiable Chinese economy and attracting consistently large numbers of young professionals to the area. Urbanisation is occurring at an alarming rate creating huge demand for high quality accommodation in the capital. Although strong capital growth has been experienced over the last few years, good value investments can still be made here when comparing to other capital cities. Demand is currently outstripping supply with high sales rates reported in all new developments in the city.
The Properties
Kiara 3 occupies a prime location in the suburb of Mont Kiara within close proximity of the International schools. All apartments have 3 bedrooms and are offered fully-furnished with 2 parking spaces. The development itself offers a range of facilities including swimming pool, gymnasium, sauna, nursery and barbeque area.
Based on current rental rates in the area, gross yields of between 7-10 can be achieved. Up to 80 LTV mortgages are available enabling investments with £28k and offering an annualised return on investment of 60.
Location
The suburbs of the city continue to attract new residents and the savvy investor, with Mont Kiara being one of the most highly sought after, having developed as an international expatriate community, with over 30 nationalities. With excellent transport links, to the city centre, high quality international schools and superb recreational facilities, this suburb is set to remain highly desirable.
Property prices in the suburb have risen dramatically over the last few years with record launch prices being achieved in August 2007. Experts are confident that this area will remain highly desirable due to limited land availability, new commercial facilities coming on-line and its well established position as an expatriate community.
Payment Schedule
* 5 reservation deposit upon signing the reservation agreement
* 5 upon signing the Sales & Purchase agreement (SPA)
* Various payments to be made according varying construction progress deadlines
* Completion anticipated to be around March 2010
What's on Offer?
* 3 Bed Fully Furnished Apartments from RM912,594 ~ £142k
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| Furnished: |
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Dishwasher: |
No |
Alarm System: |
No |
| Washing Machine: |
No |
Hotwater: |
No |
Office Room: |
No |
| Linnen Supplied: |
No |
Pet Friendly: |
No |
Tennis Court: |
No |
| Balcony: |
No |
Gym/Sauna: |
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Terrace: |
No |
| Telephone: |
No |
Garage: |
No |
CableTV/Sat: |
No |
| Ocean View: |
No |
Lake View: |
No |
Mountain View: |
No |
| Ocean Front: |
No |
Lake Front: |
No |
Cellars: |
No |
| Swimming Pool: |
| Private: | No | | Public: | |
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Garden: |
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Parking: |
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