Co-organized by The Standard and Sing Tao The Standard Overseas Property Online, the Overseas Property FB Live gathers insights from industry professionals and introduces outstanding property projects from top markets around the world.
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When seasoned property investor Maria Ying first stepped foot in Kuala Lumpur in the mid-1990s to do business, she was already impressed with the metropolitan environs and established infrastructure. In 2017, she was introduced to properties in the prime Kuala Lumpur City Centre (KLCC) area through Dr. Theresa Fok, Managing Director of Jade Land Properties (HK) Limited, and proceeded to invest in multiple properties. Ying said she was able to capitalise on the favourable currency rate and government-led economic transformation programmes at the time.
As the capital city, Kuala Lumpur is the major economic centre of Malaysia and remains a key investment location for property investors. Part of its added prosperity is due to Malaysia’s participation in China’s Belt and Road initiative; the regional economic expansion has showered abundant trade opportunities and development of Malaysia’s ports and railways, in particular, the Kuala Lumpur–Singapore high-speed rail (HSR).
Dr. Fok believed that many Hongkongers will find the buzzing city an excellent place to live and invest in, given its high quality yet low cost of living, comparable commonwealth legal system and close proximity to Hong Kong. As a country with a multi-ethnic and multicultural population, the local people are culturally respectful and welcoming to foreigners. With 43.2 per cent of the population in Kuala Lumpur being of Chinese-ethnicity, Hongkongers will benefit from the ease of communication, cultural similarities and diverse dining options.
“I invested in Hong Kong and London properties at the right time, and I believe it is now the optimal time to invest in Kuala Lumpur,” Ying said, pointing to several key areas when considering the soundness of a property investment choice: the developer’s background, location, building quality, public transport accessibility, resale value, and rental returns.
When asked about where to invest in Kuala Lumpur, Dr. Fok pointed to the Golden Triangle area, the city’s vibrant business and entertainment district, which houses the branded residence, YOO8 Serviced by Kempinski at 8 Conlay.
“The development has a number of advantages: It is directly connected to the new Conlay MRT Station and the landmark, Pavilion shopping mall. Its interiors are fully furnished by revolutionary interior design firm YOO and residents have access to comprehensive service by Kempinski Hotels,” she explained.
Fok elaborated on the impeccable design of the twin spiralled towers. “Tower A’s interiors are crafted by Steve Leung, an acclaimed interior designer from Hong Kong; whereas Tower B’s urban and spring concept is the outstanding work of Kelly Hoppen, an internationally renowned designer,” she said.
Ying underscored the robust demand in the Golden Triangle district, home to many expats and professionals working in oil and gas conglomerates located in the district.
The developer KSK Land, driven by its solid confidence in the potential of the development, is making a limited time offer for buyers: If the property appreciates less than 30 per cent in five years, the company will make up the price difference to the buyer (subject to terms and conditions).
