Property investment in Malaysia | LaVile Kuala Lumpur
Had the privilege to view a really beautiful property in Malaysia called LaVile Kuala Lumpur
Its one of the "hot new condominiums" suitable for small families or for people who are looking into investments for rentals in Kuala Lumpur. About 80% has already been sold out and surprisingly a strong percentage were taken up by investors from overseas mainly Hong Kong and China.
My buddy Lawrence gave a very in depth talk on the potential of getting this property plus the strategy on making it profitable from an investors point of view. Each unit comes fully furnished and is literally ready to move in as soon as you get the keys. Just need to bring in your suitcase.
Things I didn't really know until today :
- Malaysia is known to be ranked 78 on the most affordable place to buy a property. Literally per square meter is average at RM1900 which is roughly at $500 per sq meter. Compared to London which is about close to $3,000 - $12,000 per square meter of real estate. So if you bought a condo in London, you can literally buy a dozen or two in Malaysia
- Malaysia makes it one of the best place to enjoy your retirement, cheap and good property and super affordable food
- MM2H ( Malaysia My 2nd Home ) initiative by the govt increases the volume of foreign families coming and settling down in Malaysia by about 20% - 30% year on year. Last year there was about 3,200 individuals
Of course a selfie with my friends before we left the "preview"
It would be pretty awesome if property developers in Malaysia starts accepting crypto currencies to buy properties, new development would be snatch in minutes by both local and foreign investors. Imagine buying a really high end ad beautiful condo with 15 BTC
Some of the popular individuals who had invested in this property were Malaysian's own Olympic Silver Medalist Datuk Lee Chong Wei and also another one is a famous Hong Kong Actor Andy Lau.
If you guys want more information of this property checkout their website LaVile Kuala Lumpur Website. disclaimer : I am not a property agent !! I was there to eat the food and support my buddy.
Wah, promoting real property as well. haha
But another point is that the average income of the millennials is not catching up fast enough.
Wah, if like that, this one per unit I guessing above 2mil? Since it is open for expats
nah .. not promoting .. was just looking and supporting a friend who was giving a talk. Average price is below 1mil. Its just beside Sunway Velocity.
Icic, see got chance I drive around there and have a look :)
Thought you're buying😎
hahaha .... its a nice though
Wish I could afford to be the neighbour of Andy Lau, LOL
i bet he throws a hell of a party
Doubt that, chances are this is just one of his thousand investments.
tokenisation of property will happen sooner than one might think.. https://www.proofsuite.com/
Crypto has literally made its way into almost anything really. The Proof Suite does seems like an interesting idea ... I'm just wondering on the legal implications it has. I'll show this to a small time property developer I met just now. He liked the idea of smart contracts but would be interesting to see his views on it.
datuk bandar @bitrocker2020 mau buka kawasan baru ke hihi..nice investment!!
Hahah ...Crypto Condo 😂😂😎
janji masyukkk..bila2 free..boleh mengeteh hihi
I also wanna eat food and support your buddy...
I believe buying with cryto currency would be a reality one day, probably in the Western countries first.
You would have known that there's already a campaign by Opel to allow consumers to 'buy' their cars with social media currencty@Youtube Likes!