How is KLCC condo market doing? 1 Month, 2 Weeks ago
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Things picking up? I understand that very roughly speaking high-end condos went from 500psf about 5 or 6 years ago, to around 1,500 when they peaked just over a year ago, and now they are around 1,000. Is that right? Just very approximately. Around a third off their peak.
And what are rental yield like? I'm not too hot on the KLCC but if prices are really depressed I think it might be a good time to buy. With the property market picking up the KLCC will likely lead a recovery.
KLCC is still too expensive for investment purchases right now. They are not yielding the right rental values to justify the price and the availability of so many sale offerings in addition to many land plots within the area still undeveloped means that there is still big room for supply and insufficient demand to create the capital appreciation experienced in congested metropolis like Hong Kong, Manhatten or Singapore.
I am thinking of investing in Platinum Park. Do you think its a good investment?
I had a browse through naza ttdi property website to find out more about "Platinum Park".The architect illustration of the building is pretty impressive.
Just wanted to get your views on the property.What do you think?
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