Apply

Hello, George Lee here, and I am Avery’s business partner. He has asked me to contribute and so here I am.

The Apply apartments in KLCC enclave, Malaysia is easily my favorite condominium development. πŸ™‚ I was a resident in Park Seven for about seven months, but I have always wondered about the nearly Apply units.

So what I did was that I Googled for Malaysia property reviews and then I found this site called PropertyReviews.my (the site URL is http://propertyreviews.my – go check it out!). It has got a compendium of reviews of real estate developments in Malaysia which I really like. It’s still a lot of work in progress, but the content is pretty awesome.

When I was moving out from my unit in Park Seven, I was considering of going to Marc Residence, Ceriaan Kiara, or the Binjai On The Park. Yes, I am completely in love with the KLCC area – it has got the unmissable view of the KLCC Park as well as the Petronas Twin Towers. Awesome!

Idaman Residence – My Choice

And so I finally settled down at the nearby Idaman Residence (click on that link for a review by the good folks at KLCCCondominiums). I managed to get a bargain because the prices have somewhat flattened over the past few years. Somebody told me that KLCC is not that prestigious anymore, but I begged to differ. I have always preferred apartments over landed properties anyhow. This could well change when I am hitched with children though…

The Malaysian government has launched a scheme for foreigners to own properties through the “Malaysia My Second Home” program. I am not sure if I am eligible for it, but my friends at local real estate agencies have advised me to do so. Since I am only renting a unit at Idaman Residence, I feel tempted to buy it outright because I like this place too much. My office is at one of the two towers, and so I walk to work every day and it’s really convenient. Also, Dua Residency (on Jalan Tun Razak) is nearby, and it houses a nice restaurant called “Delicious Cafe” which I like very much. Avery would come around and we would have a blast.

Till my next blog post…

GEORGE (georgelee2@ymail.com)

Avery’s Maiden Thought – Landed Property or Not?

Hello, Avery here – from your friendly neighborhood web design studio! I am going to talk to you today about the relative advantages and disadvantages of landed properties. These are the considerations I made when I started building up my web studio. I had wanted to rent a service apartment to be converted into my studio and then I had second thoughts…

Property Decisions…

Buying a property should never be a light decision. One of the main issues that a buyer will need to think about before buying one is whether he should look at condominiums or landed properties. Find out the advantages and disadvantages of landed properties here… in my humble opinion of course. πŸ˜‰

The Advantages

  • Better Appreciation

Landed properties are known to appreciate better than condominiums in terms of value as more time goes by. In fact, this particular trend is seen in the majority of landed properties out there.

  • More Space

Landed properties are also a much better choice when you look at the living space itself.That was my main consideration when I was shopping around for a place for my web studio.

We used to be renting a place near the Sunway Pyramid shopping centre, but we have since moved on to Desa Parkcity

We used to be renting a place near the Sunway Pyramid shopping centre, but we have since moved on to Desa Parkcity

While condominium owners only own their units and have to share certain common areas with the rest of the residents in the condominium, landed property owners actually own the house and the land that the house is on. This means that they can do whatever that they want to with the land.

Some of the things that you could do with your land if you have a landed property is create a landscaped garden or simply use the extra space to rear your pets. These are some things that condominium owners cannot do. Some condominium owners aren’t even allowed to have pets in the building to begin with! This poses a problem as I am quite attached to Rover and Sammy, my two golden retrievers. :p

The Disadvantages

  • Higher Price

If the most important thing for you is to find a property with a low price, then you might not want to opt for a landed property. Generally speaking, condominiums are known to be much cheaper compared to landed properties, though this will also depend on the layout and size of the properties. In some cases, for example the condominiums in the Kuala Lumpur City Centre (KLCC) area, properties may have sky-high prices – indeed they can be more expensive than bungalows in the suburbs. For more information, check out http://klcccondominiums.com.my – a good resource on condos and apartments in KLCC.

  • Fewer Amenities

Some buyers might not be interested in buying landed properties because they do not have the extra amenities that condominiums tend to have in their pre-packaged sale prices. Upmarket condominiums usually have top-notch facilities that fit the top living standards of the people who live in them, for example, such as badminton and tennis courts, a swimming pool, a gymnasium and 24-hour CCTV security systems.

Condo

Think about it.. Luxury or practicality?

If you own a landed property and want the same conveniences as mentioned above, then you will have to join a gym or a sports center, as well as buy your own security system.

  • More Maintenance

Condominium owners do not need to worry about maintenance a lot of the time because the property’s upkeep will be dealt with by the condominium’s management company. This will cost a fixed monthly sum, though.

The Verdict

In the end, the choice to look at condominiums or landed properties will depend on why you want to buy one in the first place, though. If you want to invest in a property, then you might want to opt for a condominium since it will yield a higher return on investment. Plus, it costs less to maintain a condominium unit overall.

However, if you plan on living in the property that you buy, then it would be best to opt for a landed property due to its higher appreciation and bigger living space. In the end, it will simply boil down to your personal living style and preferences, though.

As for me, I finally settled at this place near my house called Desa ParkCity. It’s an awesome place, and I like it a lot. If you wanna come around, give me a call and coffee’s on me. πŸ™‚ Here’s a handy map –


View Larger Map

Much love,

-Avery