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Crest Jalan Sultan 3-bed apartment
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About this 3 - Flat |
Key Features
Sought after location within KL’s Golden Triangle
Luxurious amenities aimed at the life-style orientated young professional with apartments ranging from 1 bedroom apartments to 5 bedroom penthouses
Forecasted rental yields of at least 10%
70% LTV mortgages available, allowing cash investments from £25k plus purchase costs
A secure development, backed by Bank Rakyat Malaysia Berhad, one of Malaysia’s oldest banks.
Annualised Return on Cash Invested of 72%
Kuala Lumpur is the main city set to benefit from Malaysia’s booming economy
Facilities for businessmen and tourists alike, with an abundance of shopping malls, green parks and high quality hotels
Urbanisation rates are very high, with the urban community set to increase by 4.5m over next 15 years
GDP growth in 2006 was 5.8%
Young population with over half the Malaysian population under 27
Affordability is at a ten-year high in Malaysia, only 18% of monthly income now required to service a mortgage
Capital Gains Tax was abolished (from 30% down to 0%) in April 2007
Description
With a population of 24m (half of which are under 27 yrs of age), urbanisation occurring at an alarming rate of 10% per annum and supply estimated at 44% of current demand, the Malaysian property market is an exciting place to be right now. Add to this a ten-year high for affordability, low interest rates, mortgage lenders providing longer repayment periods and with wages increasing, indicators for profitable investment abound. Economically Malaysia is robust, with unemployment now below 4% due to the surging high-tech sector feeding the fast growing consumer hunger of neighbouring China. GDP has been over 5.5% for the past 3 years and as a result consumer confidence has been sustained near 10%. Recently, Capital Gains Tax has been abolished in Malaysia, down from 30%, further bolstering the attractiveness of the market for local as well as foreign investors.
Location
The central district for business and pleasure, KLCC as it is commonly known is the traditional centre for multi-national business and tourism, and with the majority of 5 and 6-star hotels in the area, this downtown spot offers everything for businessmen and tourists alike. With bountiful restaurants, shopping malls, and beautiful green parks, KLCC is the jewel of Kuala Lumpur. With the booming Malaysian economy and rapidly urbanising population, city centre demand is high and yields and appreciation are set to follow. KL itself is in a prime location for this growth, situated within 5 hours of 60% of the world’s population and being home to the world’s longest fully automated light rail transit system.
The Properties
Situated in the sought after location of Jalan Sultan Ismail, the Crest development is designed to attract the ever increasing young professional market in Kuala Lumpur City Centre. Crest is within a short walking distance of the light rail and monorail systems and centrally located for all of the shopping and entertainment facilities the city has to offer, including the famous Bintang Walk. With luxurious amenities befitting the prestigious address, The Crest gives investors an investment that will be desirable to all locals and visitors. Mortgages are available so buyers can invest with as little as £25,500 cash plus purchase costs. Assuming a very conservative 15% capital appreciation and achievable yields of 10% (based on current rental rates) we predict an annualised return on capital invested of 72%.
Amenities
Swimming Pool
Gym & Sauna
Cafés and Restaurants
Parking
Children’s Playground
Nursery
Landscaped Gardens
Payment Schedule
Reservation deposit of 2% of the total purchase price
18% upon signing the SPA within 40 days of signing the reservation agreement
10% once SPA is signed and returned
Many small scheduled payments until completion in 2010
What's on Offer?
1-bed apartments (616 sqft) from MYR 588,280 (~£85,000)
2-bed apartments (835 sqft) from MYR 722,375 (~£111,000)
3-bed apartments (616 sqft) from MYR 1,121,718 (~£162,000)
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| City/Town: |
Ismail |
| Address of Property: |
Crest Jalan Sultan Ismail,Kuala Lumpur |
| Postcode/Zip: |
0000 [map] |
| Bedrooms: |
3 |
| Reception Rooms: |
more |
| Bathrooms: |
more than 12 |
| Type of Property: |
Flat |
| Price: |
USD 330300.00 [convert] |
Features |
| Central Heating: |
None |
| Burglar Alarm: |
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| Parking Facilities: |
Off Street |
| Gardens: |
Front |
| Double Glazed: |
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| Near Shops: |
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| Near School : |
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| Loft: |
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| Utility Room: |
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| Patio: |
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Extra Features |
| Air Conditioning |
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Area Information |
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Contact Information |
| Email Seller: |
Email Seller |
| Contact person: |
Property Frontiers |
| Advertiser Type : |
Private Seller |
| Phone: |
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| Sellers City, County : |
Oxford 0044 (0)1865 20 27 00 |
| URL: |
102 - 104 St. Aldates |
| Map: |
View property location |
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See other listings by this user (0) |
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| Additional photos
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| Loan |
Typical APR |
| Moneyback Bank Loan |
7.6% |
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| Alliance & Leicester Personal Loan |
7.7% |
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| Bank of Scotland Personal Loan (Semi-exclusive) |
7.7% |
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| Halifax Personal Loan (Semi-exclusive) |
7.7% |
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| Barclaycard Personal Loan |
7.8% |
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