This article explores popular residential areas in Kuala Lumpur (KL) for expatriates, discussing factors that influence their choices, such as job opportunities, education, culture, language, security, and amenities. We'll examine three key locations: KLCC, Mont Kiara, and Desa ParkCity.
Kuala Lumpur City Centre (KLCC)
An International Hub
KLCC is the heart of Kuala Lumpur's central business district, renowned for its iconic landmarks like the Petronas Twin Towers, KLCC Exhibition Centre, upscale shopping malls, and high-end hotels. It is a truly international location, attracting many foreign professionals, especially executives from European and American multinational corporations.
Location and Lifestyle
KLCC's appeal lies in its convenience and proximity to offices, saving valuable time for residents. The area offers a high degree of privacy, a sense of luxury, and easy access to high-end restaurants, shopping, and entertainment venues. The presence of KLCC Central Park, surrounded by office buildings and five- and six-star hotels, offers a green space amidst the urban landscape.
Property Options and Prices
Due to its central location, KLCC primarily offers apartment living. High-end apartment buildings are concentrated in areas like Binjai, Stonor, and Jalan Kia Peng. The average price per square foot in KLCC is around RM1,500, with a median property price of RM1.5 million. New properties command prices of approximately RM2,000 per square foot.
Bukit Bintang
Shopping and Entertainment District
Located in the city center, Bukit Bintang differs from KLCC in its atmosphere. While KLCC is business-oriented and upscale, Bukit Bintang is a vibrant shopping and entertainment district.
Pricing and Ambiance
The environment in Bukit Bintang is lively and crowded, with more affordable prices compared to KLCC. The average price per square foot is around RM950, and the median selling price is RM1 million. New properties average approximately RM1,400 per square foot. Bukit Bintang features a mix of new and older communities, appealing to those who enjoy a bustling urban environment.
Tun Razak Exchange (TRX)
A New Financial District
TRX is a newly developed financial district with modern infrastructure and high-end amenities. Financial institutions, luxury shopping malls, upscale apartments, and a central park are located here.
Future Prospects and Pricing
TRX is projected to attract white-collar workers, executives, and those seeking short-term stays with convenient access to facilities. New properties are currently priced at an average of RM2,000 per square foot, with some reaching RM2,100. The area is expected to be completed by the end of the year and early next year.
Mont Kiara
A Suburban Oasis
Mont Kiara, located northwest of Kuala Lumpur, is a well-known high-end residential area. Only a 15-minute drive from KLCC, it attracts international companies, expatriates, and foreign families.
Community and Environment
Mont Kiara boasts a high greening rate, creating a comfortable city garden atmosphere. Residents include families from China, Korea, Japan, Europe, and the United States. The presence of the Sultan's Palace in the area enhances its prestige.
Property Market and Prices
Mont Kiara's development is nearing saturation, with the secondary market being the primary source of properties. Notable residences include Pavilion Hilltop, 11 Mont Kiara, 10 Mont Kiara, Tiffani Kiara, and Seni Mont Kiara. New developments are located in Mont Kiara Center, near Segambut and KL Metropolis. Transaction records indicate an average price of over RM700 per square foot, with a median price of RM1.18 million. New properties in Mont Kiara are priced around RM1,100 per square foot. The area is popular with families seeking larger apartments of 1,500 square feet or more, which can still be found for under RM2 million.
Desa ParkCity
Pet-Friendly Community
Desa ParkCity, located approximately 8 kilometers from Mont Kiara, offers a more casual and relaxed environment. Central Park, with its lake, tracks, and playground, forms the heart of the community.
Lifestyle and Amenities
Desa ParkCity is known as Kuala Lumpur's only pet-friendly residential area, welcoming residents to walk their dogs. The Waterfront retail outlet provides residents with special restaurants, Chinese and Western food, cafes, supermarkets, clinics, and pet shops. The community hosts various events, fostering social interaction among residents.
Residential Options and Prices
Desa ParkCity attracts families with its outdoor environment, security, and quality of life. The area is popular among Asian expatriates, especially those from China, Hong Kong, Taiwan, and Japan. The community features the International School @ ParkCity (ISP) and ParkCity Medical Centre. The area lacks public transportation, requiring residents to drive.
Desa ParkCity offers a range of property types, including high-end apartments, landed residential townhouses, and detached bungalows. Landed residences start from RM3 million, while detached houses range from RM7 to 8 million. Apartments can be owned for just over RM1 million. The average price per square foot in Desa ParkCity is RM990, with a median price of RM1.38 million. New properties average around RM1,100 per square foot.
Conclusion
These three areas represent diverse options for foreigners seeking residence in Kuala Lumpur, each catering to different lifestyles, budgets, and preferences. KLCC provides a central, upscale urban experience, Mont Kiara offers a suburban, family-friendly environment, and Desa ParkCity combines nature with a pet-friendly atmosphere.
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