Award winning, mixed used residential, office and retail development in Pandan - an emerging suburb of Kuala Lumpur with superb access to KLCC

60% LTV mortgages are available to foreign non-residents invest with 19,000 cash plus purchase costs

Successful & popular developer RK Group, plus global giant DTZ acting as in-house management & letting management services

Expected Gross rental yields of around 8-9% plus an annualised return on investment at 58%

Malaysias economy is booming with GDP growth at 6.1% last year

Huge demand for housing due to rapid urbanisation

Description

Malaysias economy is expanding very quickly with GDP growth over 5.5% since 2004 (confirmed at 6.1% for 2007) and with FDI consistently growing and claiming one of the youngest and most rapidly urbanising populations in the world, confidence in the sustainability of this growth is high.
As the capital city, Kuala Lumpur is best placed to benefit from this growth and has developed into a modern, world-class city with a population of almost 2 million. Urbanisation has resulted in the property market has experiencing strong capital growth, but prices still remain much lower than that of its Asian counterparts, such as Hong Kong and Singapore.

Location

The fact that prices in the prime locations in KLCC are reaching RM 2,500 per sqft is encouraging locals and international investors alike to search for more affordable, emerging parts of the capital.
The Pandan suburb is located just 10 km east of KLCCs Golden Triangle, approximately a 10 minute commute into the city centre. It is also in close proximity to schools, banks, retail lots and golf clubs. Plus, with superb road and rail links this area is becoming more and more appealing to buyers wishing to benefit from the established amenities KLCC offers, but with property at a fraction of the cost.

Properties

The multi-award winning Axis Pandan, is a mixed use development containing retail, office and residential buildings. The Axis Residence Deluxe is a 33 storey serviced apartment block offering a choice of facilities including various pools, gym and a sky lounge. All apartments are delivered in a ready-to-let condition with 1 covered parking space and views either overlooking the pool area or towards KLCC. Internationally renowned DTZ have been appointed as the management company for the building and can offer both apartment and tenant management services to all buyers.
Gross yields in excess of 8% can be expected when compared with todays rental rates and with 60% LTV mortgages available investments can be secured with 19,000 cash plus purchase costs. At these figures an annualised return on investment of 58% should be achievable.

Payment Schedule

Reservation deposit of RM 20,000 upon signing reservation agreement
10% upon signing of SPA
35% within 30 days of signing SPA
Various payments linked to construction progress until completion (expected mid 2009, but no later than Mid 2010)

• Region: View All "Kuala Lumpur Apartments"
• Country: View All "Malaysia Apartments"
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