Which Property Market Are You Talking About?
According to some property experts quoted in a recent post at themalaysianreserve.Com “Property prices not likely to ease any time soon” . https://themalaysianreserve.com/2022/02/24/property-prices-not-likely-to-ease-any-time-soon/ Really? The problem I find with posts bearing such vague and reassuring titles is they are too nebulous. Which Property Market are the experts talking about!
By that I mean the Malaysian property market is of course not homogenous. You have the high end KLCC micro property market that is dependent on a dwindling expat tenant pool (read poor prospects for a rebound in rentals in 2022) to the middle class property market in Puchong with predominantly local tenants (read better prospects for rentals to remain stable if the economy picks up).
As a high end KL property investor with 20+ years experience of renting KLCC properties, having bought and sold over 5 KLCC properties and a background in investment research in a previous lifetime, yours truly is not concerned with what happens in Puchong or Penang or even the rest of the country.
My focus is EXCLUSIVELY on the high end property market segment in KLCC. And while I am no property expert, I get from time to time WhatsApp messages from my cheerful auction real estate agent with titles like “ONLY RM616 PSF for Prime KL location, 3 minutes to SURIA KLCC, 4 minutes walk to Bukit Nanas monorail station”. Time to buy , Mr Chong !”
Imagine you are a prospective tenant, which PropertyGuru listing would you call to fix a viewing?
A 3* PJ S13 unit at Ryan & Miho
A 5* KLCC unit at Platinum Suites
