A HYBRID OF HOME AND HOTEL
While global cosmopolitan and education capitals continue to attract investment, property development firm KSK Group has also seen an uptick in Singaporeans interested in properties across the causeway.
“We are seeing increased interest from Singaporeans on sourcing quality Malaysian properties such as branded residences. It’s closer to home, making it a breeze to go to, therefore easing the burden of managing their investment,” said Kua. “The stabilising political situation in Malaysia, the development of infrastructure such as the extension of the MRT lines in Kuala Lumpur, as well as talks on the potential revival of the KL-Singapore high speed train has rekindled interest as well,” she added.
This finding comes as no surprise given that the value for money that Malaysia offers is extremely appealing, allowing Singaporeans to own larger spaces in high-rises equipped with first-class facilities that would traditionally cost more in the Lion City.
Primarily, investments are concentrated on the likes of high-end developments such as 8 Conlay, a fully-serviced residence in Kuala Lumpur’s golden triangle, and hotel-branded residences like YOO8 serviced by Kempinski Kuala Lumpur. The rise of the latter is part of a global trend towards hotel-serviced residences, especially seen in competitive markets like London.
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