Lentor Central Condo: A New Beginning

Condos are a dream for those who want lavish living and access to the best amenities like swimming pools hot tubs, security and courts for tennis. To many people, having your own condominium is more desirable than renting an apartment, or owning your own home. There are many advantages having your own luxury condo. The amount you can afford on it, the advantages of owning a condo are endless.Condos which are very expensive feature features such as 24-carat Gold bathroom fixtures as well as Italian tile for the entryway flooring. Breathtaking views of cityscapes, ocean views, or panoramic views of lush landscaping are available for you to enjoy. Granite countertops in the kitchen and security protected elevators; fireplaces and the latest appliances are just a handful of the amenities available in the most luxurious condos.Most luxury condominiums are built with the best materials available and since homeowner association charges ensure routine maintenance, you are able to live in your condo without stress. Insurance payments made to your condominium complex will cover the major general areas within the structure but they do not cover the contents inside the condominium. You must maintain your own homeowner’s insurance plan to protect your valuables.

Living in a luxury condo can also allow you to enjoy being with other people who are likely in your similar situation in terms of social interaction. While you can’t always choose the people around you, but at least you are able to talk to some of the residents currently living in the unit you’re planning to move. They can inform you about additional features of the condo which you may like.It’s not ideal for everyone, but for those who want the benefits of owning their own home without the stress of trimming grass and patching the driveway or clearing the gutters living in a condo is the ideal choice. Though many people are focused on the cost that comes with living in a condo but when you think about the amount it takes to pay a home mortgage along with all maintenance, the expenses are comparative.

Be sure that if you’re planning to move into a condo to make sure you ask the right questions of the broker. First, ask how much that the condos are rental properties. This can affect the financing options. Also, be sure to check the bylaws thoroughly and go over. It might seem like it’s just endless paperwork, it could be later discovered that there are some restrictions when installing a satellite dish or upgrading your lighting fixtures. Always Read Full Report the document. If you can, have your lawyer to read the contract. A condo is a long-term investment therefore, make sure that you are well versed in the rules prior to purchasing one.

Kuala Lumpur’s land-based property market is showing signs of recovery with the capital value of prime landed homes with the highest price growth of 60 percent on average in the fourth quarter of last year, according study by Jones Lang Wooton (JLW).JLW’s data illustrates that luxury properties in RM2 million to RM3 million located in Bangsar and Damansara Heights areas are now worth between RM3 million to RM5 million, compared to the same timeframe in 2008.

JLW’s findings seem to agree with Savills’s Rahim & Company’s observations on the city’s land real estate market. Homes in this price range have shown the most capital appreciation thus far in the year.”If you are talking about the RM2 to RM3 million range, the capital appreciation can be astounding. One example is Beringin Residence in Damansara Heights. A client of ours bought a unit there for RM1.7 million in 2007 and is now being offered RM2.9 million. That is about 70 percent capital appreciation,” says Victoria Chai of Savills Rahim & Co Prestige Homes department.

Chai further states that luxury homes within this price range tend to appreciate more because they are highly sought-after because of their low supply and geographical location.Additionally, the rental prices for homes with land are showing signs of recovery. According to JLW reports, the value of rental for homes that have been landed in all areas have improved over the fourth quarter, with detached landed houses in the city’s prime areas like Bangsar, Damansara Heights and Taman Tun Dr Ismail (TTDI), showing the most significant improvement.

JLW data indicates that in the third quarter of 2008, rentals in these areas were between RM4 700 to RM8 1,000 and has since risen to between RM5 000 and RM10, 000 during the fourth quarter of last year. On average, this amounts to an 18 percent increase.The rising market confidence in Kuala Lumpur is partly fuelled by the improved economic outlook for Malaysia. According to the most reputable think-tank, the Malaysian Institute of Economic Research (MIER), Malaysia’s economy could emerge from recession in the fourth quarter last year and will post 3.7 percent increase in the year 2010, as the global economy grows.

The rising market sentiments means that greater Malaysians are spending, which has increased the demand for land-based properties. Developers who held off their launches, returned to the market during the last quarter.”The property market, having been quiet in 2008 and most parts of 2009, has been recovering. The local population has been the main driver, as the Malaysian economy was in a large part, not as aversely affected by the worldwide recession as in Singapore and the West. The only thing was that, during that time, there was the general reluctance to purchase property, as confidence levels were very low. This aspect has of course changed, and there is a flurry of market launches, many of which have been remarkably successful,” says K C Chong, director of marketing and sales for GuocoLand Malaysia Berhad.To obtain added details on this Read Full Report

Indeed, JLW notes there were more launches that had higher take-up rates in the fourth quarter of 2014 compared in the same period of last year. The fourth quarter there were 31 projects that comprised 2,898 dwellings landed released compared to 30 initiatives comprising 2,442 units in the third quarter. Sales rate also increased correspondingly from 60 percent to 74 percent in the third and fourth quarter respectively. The impressive take-up rates were due to reliable developers who offer attractive incentive packages.However, the limited number of homes that are landed in prime areas mean most of the brand new projects are located in secondary areas.

“Well-located landed properties are always in demand in Kuala Lumpur given the scarcity of land in this bustling metropolis. Hence, most landed residential developments are usually located in the suburbs of Kuala Lumpur,” says Chong.Within the Petaling district, alone developers launched 1,186 units in both the secondary and primary areas in Puchong, Serdang, Petaling Jaya, Subang Jaya, Shah Alam and Bukit Raja. The 41 percent represented 41 percent of the total new launches. As a comparison, just one unit of landed homes were built in prime areas within Kuala Lumpur comprising 16 bungalows.

Despite the small number of launches of homes for sale in prime areas however, there are still a number of high-quality secured and gated developments to buyers in Kuala Lumpur. As of the end of fourth quarter of the year, 12 new developments were announced with a total of 1,031 units situated in 6 districts; Petaling, Hulu Langat, Klang, Gombak, Kuala Selangor and Kuala Lumpur.Quality houses that are landed located in Kuala Lumpur can give good capital appreciation based on the development’s track record, location and surrounding amenities. Here are several gated and guarded developments that are currently available for sale.

D’Alpina by Hap Seng Land comprises low-density semi-detached homes that are strategically placed within the Southern Golden Triangle of Puchong, Seri Kembangan and Putrajaya, with direct access from the LDP expressway.

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