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| Written by asiamind |
| Wednesday, 05 November 2008 06:51 |
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Residential homes are common in the heart of Kuala Lumpur. But with the fast rising of skyscrapers and the huge demand for commercial property in the heart of the capital, land is fast becoming scarce. One would therefore notice that there are more and more residences in condominiums and apartments mushrooming, replacing the older pre-war landed homes. There really isn't much landed property left for any one to buy in the heart of Kuala Lumpur. Perhaps this is due to the fact that there are now more demand for high-rise buildings and that space is fast getting less. So for anyone seeking to own a residential property in KL, unless one is ready to pay up to millions, there are only condominiums and apartments left, which could also cost up to millions as well. While many would not be too favourable in purchasing a non-landed property, it seems that they are not left with much choices. Having said that, it is also essential to note that the mushrooming volumes of condominiums and apartments have since sky rocketed these assets, therefore the shift in mindset would be essential as these properties have since returned the investments to the buyers ever since. In around the Golden Triangle of Bukit Bintang is where there were a lot of landed homes which came in various denominations. Terrace, double storey and single storey homes, but these Malaysia properties are being fast acquired by real estate developers who will be replacing them with perhaps commercial or high rise residential property. Copyright 1997 - 2008 Real Estate Malaysia Guide. All Rights Reserved. |