When best to buy a KLCC condo


Hi Peter,

I am a Singaporean working in China and now in my late 40s.

I am interested in investing in a KLCC (Kuala Lumpur city centre) condo unit. I have been doing research over Internet for the last 18 months, and visited the KLCC area in July.

A Citibank report indicated that there will be new condo units completed in the KLCC area – 2,500, 4,500 and 3,500 units in 2012, 2013 and 2014.

I am aware that the occupancy rate could be low ( less than 50%) with existing KLCC condo units.

I am prepared to buy and hold for at least five years, and be prepared to be leave it empty (difficult to rent out?) for 18 months.

My question:|
When would be the best time to enter the market? 2013 or 2014 or even later?

Should I buy directly from the developer or from resale market?

Thanks for any advice.

Kevin Li

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