Kuala Lumpur property - real estate in KL
The real estate market in Kuala Lumpur has stayed stable in spite of international pressures and many expats moving to the city decide to buy property as an investment. This can take the form of condominiums near to downtown and the central business district, or houses with peaceful surroundings and fresh air in suburbs farther afield.
The serviced apartment business in Kuala Lumpur is booming with condos offering the furnishing and facilities of five star luxury hotels available for very reasonable rates. Discounts are usually applied for longer stays and many of these have their own kitchen facilities as well as on site restaurants, swimming pools plus even tennis and squash courts.
 | Condos & apartmentsThe easiest way to buy property in KL is through condominium and apartment complexes which allow foreigners to own units outright, plus there are great off-plan discounts...more |  | Houses & landThose with families or who require a little more space may prefer to buy a house or perhaps even build their own in attractive KL suburbs which have all necessary amenities...more |
 | Real estate agentsUsing the right real estate agent or broker is essential in Kuala Lumpur to ensure you don’t fall into numerous pitfalls or pay over the odds, and we have our top recommendations...more |  | Serviced apartmentsThose wanting the luxury of hotels with the cost and convenience of an apartment will be spoilt for choice in KL as there is a growing throng of high-end apartment complexes...more |
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Expats tend to inhabit the neighbourhoods of Kenny Hills, Damansara Heights and Bangsar, with the latter having a great range of international restaurants and bars. People working in the city also like staying at the city end of Jalan Ampang while Bukit Kiara and Taman Tun Dr Ismail are also popular.
Investing in KL property is generally a good option with annual rental returns occasionally reaching 15 per cent of the purchase cost. Many larger developments come advertised with a rental guarantee scheme to ensure a regular income from the initial outlay.
If a good return is a main consideration then there are plenty of opportunities to invest off-plan and get a hefty profit for your money. There are downsides to this approach, of course, and some people prefer the security of an established development they can actually see.
There are many real estate agents in Kuala Lumpur which can help with all stages of buying or renting property. These are especially useful in giving an overall picture of the current state of the market and also a full range of options. Agents are useful in negotiating a good price from sellers or landlords so all parties get a fair deal, and helping buyers through the necessary paperwork.
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