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Malaysia - Central Kuala Lumpur Apartments

Property for sale KL Kuala Lumpur CBD investment property
              local price
 180,000 Sterling
              UK price
 £180,000

The Crest - Jalan Sultan Ismail Kuala Lumpur

Sought after location within KL’s Golden Triangle

Luxurious 5 star 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

 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%.

The abolition of CGT in Malaysia, 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 leverage, deposit plus purchase costs.

• 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

info@oyster-international.com


Property Status
Off plan

Property Type
Apartment/Condo
Bedrooms
2               
Bathrooms
2


Balcony

Garage Parking


Interior Crest Sultan Ismail KL city Malaysia for saleKuala Lumpar Real Estate Investment property Oyster

0208 390 8001

Area Details

Country
South East Asia 
Town

 Airport distance
20-30 min drive
 Beach distance
Upto 1.5 hours drive

 Golf course distance
15-20 min drive


00 44 (0) 798 449 8882

info@oyster-international.com

Skype: neiloysterer

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Oyster International Property Consultants search the globe to find positive yielding Property Investments in areas where strong Capital Growth can be anticipated. Not all companies are equal, not all companies treat you as their client, not all companies tell you the truth! Beware the alternatives.

Specialising in: Canada, USA & the Caribbean, South/Central America particularly Margarita Island, some South East Asian countries including Thailand, Malaysia, Indonesia, Cambodia and the Philippines , holiday homes and relocation in Italy, Portugal, Canary Islands, and limited other locations

Currently investigating New property deals in Mauritius, Montenegro, Albania, Central America, South America, New Zealand, Australia, and more.

Developers, brokers and agencies are required to adhere to the strict compliance set out by FOPDAC. or similar official bodies.

Promotors of www.freeindex.co.uk & featured in www.top100realtor.com an independant guide to Real Estate Professionals.