Property investment in Malaysia continues to be one of the most lucrative types of investments that anyone can make. The reasons for this fact have been explored in several news sources as well as in several other articles on this site. However, once an investor has decided to pursue property investments as part of their diversified investment portfolio, they still have several decisions to make. The most important of these decisions is what to buy and where to purchase. Some investors prefer the opportunities offered by single family bungalows while others prefer the opportunities offered by commercial real estate or high-rise condos. Some investors decide what they want to buy before they even start shopping. However, in many cases, the decision about what to buy is based upon where the investor decides to buy. Investors may want to decide upon an area before they make a final decision about which sort of property they want. One of the most exciting places to purchase a property, currently, is the Park City district of Kuala Lumpur.
Desa Park City
Desa Park City in Kuala Lumpur is a 473 acre area that is home to one of the fastest expanding master planned areas in Malaysia. Not only is this area one of the fastest growing areas in the nation, it is also one of the best-selling areas of the country. It is situated in the north-west section of Kuala Lumpur, an affluent area that attracts people who want to live, work, and play in style.
The Perfect Location
There are several factors that contribute to the success of real estate in this particular area. One of the most critical contributors to this area’s success is the fact that it is easily accessible for drivers. People who wish to commute to or from this area can easily do so thanks to the many major highways that flank this area. The LDP Highway, the Middle Ring Road 2, and the Penchala Link all serve this area, and residents can easily access any of these roads. That means that the inhabitants of this area can easily jump onto any of these major roadways and reach their destination quickly and efficiently. Best of all, Desa Park City is located only 13 km from the center of the city.
An Intriguing History
The history of Desa Park City is an interesting one, and it sheds some light on the reasons why this planned community has been so successful for both real estate investors and private citizens. Prior to its development, the area was an abandoned quarry site. Investors, however, saw the potential of the area, and they decided to create a master planned community that would appeal to the needs of the modern Malaysian family. Their commitment to design was so strong that the area even won some prestigious international design awards.
A Sense of Community
Thanks to the design efforts that backed this community, the area became a perfect place for people who wanted their neighborhood to be family friendly, and it was also the ideal place for people who wanted to feel a strong sense of community. Unlike people who lived in many other areas of Kuala Lumpur, the people who lived in this area felt tied to their community. They did not feel lost in the crowd of the city like many of the other people in the city.
When people buy Park City real estate, they do so for the location, the sense of community, and the amenities that are offered in this area. The area boasts a gorgeous RM60 million private club for residents of the area. Thanks to this club, residents can feel like they are getting away without ever leaving their own community. The club is the perfect place to relax at the end of a long time, and it is also an ideal destination for sports fans. Its sport facilities include everything from Olympic length pools to tennis courts to badminton courts. In addition to the sports club, the area also offers parks, waterfront recreation, and world class schools.
What Investors Can Learn From Desa Park City
Unfortunately, not everybody can invest in Desa Park City real estate. Many lucky investors will be able to pick up homes in the area, and they will most likely be able to make a profit from these investments, but the area is simply not large enough to handle all of the investors that may be interested in it. However, investors who cannot buy a property in this area can still learn from it. Investors who want to learn from the success of this area should look carefully at what makes the area successful, and they should invest in other areas that share these attributes.
The changing face of Malaysian families means that more and more families want to live in a place that is family friendly. This means that they want to live in an area where they can walk their children to school, and they also want to live in an area that offers parks and other amenities for their children to use. In addition, areas that are promising for investment need to be as accessible to major roadways as Park City is. That accessibility means that people who commute in and out of the area can have short commutes, and thus, they can spend more time with their family and friends at home. Ideal areas for investment should also offer amenities like Park City does.
If an investor finds an area that offers these amenities, they should buy property there. With property in an attractive area, the investor is certain to be able to sell it or rent it out easily. If an area is currently unpopular but it still offers the attributes discussed in this article, the investor should strongly consider buying there. Eventually, the area’s popularity will increase, and the investor will recoup their investment easily and make a profit.
This is a guest post by Agnes Jimenez of JensenandCompany.com.