Kuala Lumpur, Malaysia
Kuala Lumpur (also known as KL) is the capital city of Malaysia
. The metropolitan area of KL, or Greater KL, has a population of around 7 millions. It is the most racially diverse city in Malaysia
, with the population made up of mainly Malays, Chinese, Indians, Banglas, and Indons. The public transportation in this city is very well built, with many LRT & MRT train lines, supported by RapidKL shuttle buses.
As for the real estate market, Kuala Lumpur has the most expensive properties in the country due to it being the capital city and houses many GLC & multinational headquarters. Besides, KL also has the most foreigner-friendly real estate investment policies by the federal government, as foreigners can easily buy any residential properties here without any restrictions, as long as the price is above RM1 million.
The following shows the property transactions in KL over the last few years:
Most foreigners who invest in KL properties usually prefer high-end condominiums in the few expat-friendly hotspots, such as Jalan Ampang
, and Mont Kiara
. On the other hands, the locals will prefer landed residential properties in established neighbourhoods, such as Bangsar
, Damansara Heights
, Desa ParkCity
, and Taman Desa
. This observation may be due to foreigners prefer condo facilities for their families' enjoyment, while the locals look more towards capital appreciation of the land their house built on.