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Malaysia Condo Tour: Affordable KL Property (Gym, Pool, KTV, Cinema!)

Summary

Quick Abstract

Considering investing in Malaysian property? Explore a local's perspective on a 586,000 MYR apartment near KL! This summary dives into a detailed tour, highlighting the facilities, location advantages, and potential for rental income – offering a realistic view beyond the typical tourist hotspots. Discover if it's a worthwhile purchase or a hidden gem in Malaysia.

Quick Takeaways:

  • Apartment boasts extensive facilities: KTV rooms, movie theatre, kids’ playground, BBQ area, multiple swimming pools, gyms, co-working space, badminton & basketball courts.

  • Strategic Location: Close to the best primary school, the famous Nan Chiang Primary School, and near MRT/LRT interchange, convenient access to KL city.

  • Good rental return: Potential rental income is around 2800 MYR for four rooms and two car parks, attractive for local tenants.

  • Value for money: The unit has four rooms, is ~1000 sqft, has kitchen fixtures, and air-cons.

Explore the apartment's features, including spacious layouts, practical amenities, and convenient location.

Unveiling a Local Malaysian Apartment: A First-Time Homeowner's Perspective

This article details the experience of a local Malaysian couple receiving the keys to their newly purchased apartment. The property, costing 586,000 Malaysian Ringgit (approximately $125,000 USD), is located in a popular area known as "Little Hong Kong" and caters primarily to local residents. This article will walk through the facilities and unit to see the local apartment.

Location and Initial Impressions

Familiar Territory

The homeowner, who is sharing his experience, lives near the apartment complex and is familiar with the area. He notes that he had considered the property five or six years ago, but was hesitant due to the developer's brand reputation at the time.

Purchasing Decision Factors

His wife's access to a low-interest employee loan motivated the purchase. They sought a property that was both affordable and offered a good return on investment, especially compared to options in other areas. The size of the property and the 4 rooms, including 2 parking spots were a good bargain compared to other properties.

Key Collection and First Impressions

Upon arriving at the apartment complex, the couple proceeded to the Key Collection area. The homeowner was immediately impressed by the elevators, describing them as quite high-end. The eighth floor houses the facility level.

Exploring the Facilities

Family-Friendly Amenities

The facilities level resembled a small garden with a BBQ area. The location was chosen for its proximity to Nan Chiang Primary School, a well-regarded local school. The complex features two swimming pools, both of which were busy on the Saturday visit.

A Hub for Airbnb?

The homeowner observed that many units seemed to be used for Airbnb rentals, particularly on weekends. This highlights a potentially lucrative aspect of owning property in this complex.

Extensive Recreational Spaces

The apartment complex boasts a large children's playground, which the homeowner believes is the biggest he's seen in a condominium setting in Kuala Lumpur. The complex has 3,700+ units. Other outdoor amenities included a football field and basketball court.

Attention to Detail

The homeowner noted that the developer's attention to detail surpassed that of his current residence, which was completed around the same time. He mentioned that the finishing touches and overall quality seemed superior.

Overcoming Previous Concerns

A Change of Heart

The homeowner confessed to being a "hater" of the developer in the past due to negative feedback on previous projects. However, the quality of this particular development has changed his perspective. He attributes this to the developer's apparent commitment to quality and successful sales, even amidst rising material costs.

Outdoor Amenities and Green Spaces

The apartment complex features a large park suitable for outdoor activities, particularly for the elderly. The homeowner was particularly impressed by the shade provided by the surrounding buildings in the mornings, creating a cooler and more pleasant environment. He also emphasized the rarity of such large green spaces in the bustling city of Kuala Lumpur, offering a sense of tranquility. The location is near the city center.

Accessibility and Connectivity

Despite its serene setting, the apartment complex is conveniently located just two subway stations away from the Tun Razak Exchange (TRX) financial district. A covered walkway provides protection from the sun and rain when walking to the subway station.

More Facilities Discovered

A Mini-City Within a Complex

Walking around more, the couple finds badminton courts, a football field, and a basketball court in the complex. They also found that the level 5 can be directly reached from the outside, saving time.

Unexpected Amenities

The homeowner was surprised to find two karaoke (KTV) rooms and a movie theater within the complex. He described it as an upper-class experience. The movie theater was even showing a film at the time of their visit.

Private Club and Gym

A small elevator leads to a private club with free Wi-Fi and people working on laptops. There is also a Ladies Gym. The gym also had equipment from an exercise brand.

Swimming Pools

The complex features two swimming pools, each with a smaller pool. The homeowner noticed that the water in the second pool appeared cleaner than the first, and that there was a water feature to keep kids occupied.

The Unit Tour

Standard Features

The tour then shifted to the interior of the purchased unit, which comes with standard features for local properties, including cabinets, a sink, and a cooking area. The apartment layout is 1000 square feet, with four bedrooms. There is a large window in the cooking area.

Kitchen and Balcony

The kitchen area features a large window for ventilation and space for a gas stove and a range hood. The balcony is smaller than those in A and B blocks.

Living Room and Bedrooms

The living room is spacious. The master bedroom also had a floor to ceiling window. Each room features an air conditioning unit and windows for ventilation, a key selling point for potential renters.

Bathrooms

The bathrooms are well-equipped with a sink, toilet, bidet, toilet paper holder, and water heater. They also have small windows for ventilation.

Overcoming Past Biases

The homeowner admits to holding previous biases against the developer but has changed his opinion after seeing the quality of this project. He was especially impressed with the kitchen and bathroom facilities.

Convenience and Community

On-Site Amenities and Services

The homeowner then explored the ground floor, which featured a variety of amenities, including a laundry shop, a clinic, a pharmacy, and a 7-Eleven convenience store.

Recreational Facilities

The ground floor also had basketball, handball, and tennis courts.

Target Audience

The homeowner clarified that his intention was to share his experience and not to promote the property. This property is tailored to local residents.

Local vs. City Center

He emphasized that the rental returns in local properties are often higher than those in the city center, and that the stereotype of those in the city center catered for tourists.

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