HK buyers snap up prime KL real estate

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Now more than ever Hongkongers are buying homes in Malaysia, particularly Kuala Lumpur (KL), as they actively seek to diversify their portfolio and find a second home after retirement and for their children, according to Datuk Tracey Lai, sales and marketing director at 1 Pavilion Property Consultancy Sdn Bhd, the marketing arm of Pavilion Group, a leading property developer based in Malaysia.
The sale launches of two previous towers at Pavilion Damansara Heights which were mostly sold to Malaysians proved to be a resounding success. From June to September this year, 250 units from the third tower, Windsor Suites, were snapped up by Hong Kong buyers for a total amount of RM450 million in just four months. “Sales to foreign buyers including Hongkongers are really impressive, reflecting the consensus that Malaysia is increasingly popular among expats,” she said.

Apart from diversifying into the Malaysia property market, another reason for their investment would be the Malaysia My Second Home (MM2H) programme, along with other salient features such as affordable home prices, language and cultural similarities, favourable climate, high-quality healthcare, availability of international schools, and more greenery.
The safest strategy for foreign homebuyers is buying from a reputable developer with a successful track record and investing in a property served by comprehensive facilities, accessibility and transport links, she added.
The luxury residences in Pavilion Damansara Heights are configured with about 605 to 1,830 square feet in size, or a layout mix of one- to three-bedrooms.
