You will be surprised new KL properties can be had much more affordably compared to some older ones! Read on to find out the truth
Urban migration has been increasing rapidly since the 70s especially to the capital city of Kuala Lumpur. KL city is the primary commercial hub of Malaysia hence it offers more job and career opportunities. While many would say they are working or residing in Kuala Lumpur, do they really mean it?
It is always a hotly debated topic whether KL is still an ideal location to live in. Some people will rather get out of KL and reside in nearby towns within the Klang Valley. One of the common reasons for house buyers to skip KL is: "I could not find a decent new property in KL." On the other hand, some would suggest opting for used properties instead of new ones.
We will dissect some of the common considerations and issues between a new and old property in KL.
As expected, urbanization takes the toll out of land availability which is why properties at decent locations are not easy to obtain. In contrary, it is no mission impossible to find decently located new properties in KL . There are plenty of options available than what you might have thought. In reality, you may not be expecting walking distance to your workplace but there are a lot of ongoing new developments that could truly open up your eyes.
You should not limit yourself on finding old and used properties around KL only. Not to forget, new developments are very well planned that they are sort of future proof too. Some new locations would have better access to public transport such as the MRT and LRT. Major linkage to highway and trunk roads is also as important so that you will not need to make a complicated manoeuvre to reach your destination.
New developments around KL also offer you the opportunity to choose either a mixed development or residential only property. For those who prefer convenience, you can opt for mixed development property that also houses retail units.
Visual by Depositphotos: https://depositphotos.com/261348790/stock-photo-kuala-lumpur-skyline-night.html
Despite the saying that older properties tend to be built with better materials and workmanship, the authenticity of this statement could not be conclusively verified. Things were meant to be broken hence you might expect more issues in a used property than a new one. Don't be fooled by grapevines or hearsays within the real estate industry. Some agents will claim new properties will be more inferior in quality than those which were built decades ago. Be sure to do your research on the building materials, or cross-checking some facts with the developers before you decide to buy.