|Last Updated: April 08, 2015|
|KUALA LUMPUR - Condominiums||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|75 sq. m.||243,825||717||3.53%||3,251||9.56|
|120 sq. m.||344,760||1,004||3.50%||2,873||8.37|
|200 sq. m.||531,200||1,964||4.44%||2,656||9.82|
|KUALA LUMPUR - Bungalows|
|500 sq. m.||1,535,500||4,090||3.20%||3,071||8.18|
|1000 sq. m.||3,309,000||7,570||2.75%||3,309||7.57|
| Districts researched
Ampang, Ampang Hilir, Bangsar Baru, Bukit Kiara, Damansara Heights, Jalan Ampang, Kenny Hills,
KLCC (Kuala Lumpur City Centre), Mont Kiara, Sri Hartamas, Taman Tun Dr. Ismail, Ukay Heights
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Condominium prices in Kuala Lumpur are reasonable at between US$1,500 to US$3,000 per square metre (sq. m.)
The extraordinary stability of residential property prices in Malaysia – rising in some years by 2% or 3%, falling in other years by a few per cent – means that the observer is never shocked by a sudden boom or price-collapse. In inflation-adjusted terms, prices have been almost completely stable for the past 15 years.
Given that Malaysia is a large place and relatively thinly populated, there are obvious limits to capital appreciation prospects (arguably, except in ‘dormitory town’ areas for neighbouring Singapore).
Therefore, the prime attraction of property ownership in Kuala Lumpur is income. Gross rental yields have fallen somewhat over the past year. Rents have not kept pace as nominal prices have risen. Yet the decline has been gentle, almost invisible. The 120 sq. m. condominium category remains the best-paying investment, with gross returns of 7%, but last year, our researchers found that rental yields averaged over 8% for this size.
Gross rental yields on condominiums generally range from 5% to 7%. Bungalows have lower yields, typically just over 4%.
Be the first to comment on this article!
Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.
Fortnightly updates from the global property arena directly to your inbox.
Connect to professional advice in Malaysia
Which parts of the world are most attractive for property investment today?