m-city in Kuala Lumpur a good investment?



ORIGINAL POST
Posted by Jessie.James 11 yrs ago
I saw the advertisement in the Standard about m-city. They had a showroom over the week-end but I couldn't make it. Do you think that buying a flat in this building is a good idea? How is the market for luxury housing in KL? I think there is a maximum one can borrow, right? Any restrictions on the sale of flats and the export of capital?

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COMMENTS
OffThePeak 11 yrs ago
At RM-1200 per sf, I don't think it is cheap enough


and it is not (yet) near an MRT / LRT stop.

One is planned, but it may not be completed until 2020-2021


Footnote:

KLCC prices are now about RM-1500 New, but the market is well oversupplied,

and prices in the secondary market will be cheaper


and

You can get something new and nice and near a convenient LRT stop at RM-600 psf

(and this would be choice)

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Jessie.James 11 yrs ago
Thanks!

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