A field guide to three of the most expensive neighbourhoods in Kuala Lumpur and why buying a property in these locales is a smart investment
Kuala Lumpur has it all in terms of infrastructure, safety, convenience, and a high standard of living for a reasonable cost. But if money is no object, which neighbourhoods in Kuala Lumpur carry the most cachet? We speak to Knight Frank deputy managing director Keith Ooi about the most expensive areas in the city, why they are prized, and what the forecast is if you're thinking of investing there.
Why is investing in Kuala Lumpur a good investment?
A growing economy with an attractive capital value level, Kuala Lumpur being an urban cosmopolitan hub has the most attractive capital values of prime residential properties (being the lowest/cheapest) in comparison with other major cities regionally and with the highest capital value appreciation potential amongst the other states within Malaysia
Kuala Lumpur’s strategic location delivers boundless connectivity with emerging markets in Asia and worldwide, making it the perfect regional location to grow business strategically within the region. Even though the Klang Valley officially consists of separate cities and suburbs, integration between these cities is very high, with a highly developed road network and an expanding integrated rail transit system.
Living in Kuala Lumpur doesn’t necessarily mean living in the heart of the capital. There are other neighbourhoods surrounding Kuala Lumpur itself that provide a more community-oriented lifestyle.
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Damansara Heights
Damansara Heights is a very mature and upscale neighbourhood that is often dubbed the Beverly Hills of Malaysia. It is situated on the hills that enjoy quiet surroundings, yet is located close to the Kuala Lumpur city centre.
The serene living environment and strategic location have made Damansara Heights an affluent address to many with some high-net-worth individuals are buying properties in this area for a collection purpose, as owning landed properties in this address is also considered a symbol of their wealth and status.
This place is brimming with the rich and famous and the houses within Damansara Heights are nothing less than semi-detached houses. Bungalows and villas aside, this area also houses luxury high-end stratified developments.