Starting anew in another country can be daunting, especially when it involves choosing the perfect address to call home. For expatriates eager to find a permanent home in Kuala Lumpur, here’s what you’ll need to keep in mind for a stress-free relocation experience.
Know your needs
Understanding which property type suits your lifestyle and needs can make all the difference between a house and a home. In Kuala Lumpur, there are plenty of accommodation options that one might stumble upon. This includes branded residences that are raising the bar on luxury living in Malaysia’s capital.
There are many factors as to why branded residences has surged in popularity over the years. Fully furnished with all the latest modern design finishings, these sumptuous accommodations also offer residents with exclusive access to a bevy of recreational facilities ranging from gorgeous landscaped gardens to impressive swimming pools.
Beyond these creature comforts, owners of branded residences are also pampered with high levels of service ranging from round-the-clock security to concierge and valet. Depending on one’s needs, additional à la carte services such as housekeeping, laundry, and child care are also readily available at a moment’s notice. Many of today’s modern branded residences are built within integrated buildings, providing residents with easy access to everything that a lively city such as Kuala Lumpur has to offer.
Know your resources
When it comes to searching for a new place to call one’s own, utilising online home listings can be a great starting point. But take heed, as this process usually comes with several long steps. It is for this very reason that many buyers still prefer engaging with trusted property agents who have the necessary experience and resources to match buyers with the perfect property at a faster rate. Do note that legal agents in Malaysia must be certified real estate negotiators (RENs) registered under the Board of Valuers, Appraisers and Estate Agents Malaysia that have to abide by a set of rules and regulations or a code of conduct.
Know your options
The minimum investment requirement for expatriates to purchase a property in Kuala Lumpur is RM1,000,000 (approximately USD250,000) which is reasonable when compared with prices of similar properties found in Shanghai and Singapore.Given that the average price for housing in Kuala Lumpur is about RM700,000, the RM1 million requirement makes finding a home in a prime area a certainty.
Negotiating your next move
Malaysia is one of only three countries in Asia where foreigners can purchase freehold property, making it a perfect opportunity for expatriates looking to invest in a home in Kuala Lumpur. Those who wish to do so can also purchase a property via the MM2H programme, which offers several benefits especially if one is looking to extend their stay in Malaysia. Banks are also willing to offer expatriate loans between 75% to 90% of the house value. Should you later decide to relocate to another country, you can always consider renting out your residence to generate passive income.
Discover YOO8 Serviced by Kempinski
Housed in the world’s tallest twisted twin residential towers, YOO8 serviced by Kempinski serves as the residential component of 8 Conlay — an up-and-coming mixed-used development by KSK Land. Set to be completed in 2021, YOO8 will set a new benchmark for premium city living with its strategic location, outstanding design and impeccable service.
Nestled in the heart of Kuala Lumpur, the property is located within walking distance from major shopping malls and major landmarks including the KLCC Twin Towers, KL Tower and the newly launched Tun Razak Exchange (TRX), set to be one of the leading financial centres in Asia. The property’s proximity to top-ranking international schools as well as easy access to leading international affiliated universities makes it a smart choice for overseas buyers looking to invest in their children’s future.
Featuring exclusive design concepts by Steve Leung & YOO for Tower A, and Kelly Hoppen for YOO for Tower B, YOO8 serviced by Kempinski also prides itself in its five star luxury services that have been specially curated to meet the individual needs of its discerning residents. Managed by Europe’s most well-established hotelier, these detailed services include an on call tailor to meet all of your sartorial needs as well as a private chef service that will impress even the fussiest of palates.