Should you invest in high-end condos?

Should you invest in high-end condos?

INVESTING your money in property is said to be one of the safest forms of investments. However, like any form of investment, one can always choose to either "play it safe" and get low, stable returns; or "up the ante, take on high risks and get equally satisfactory gains."

Investing in high-end condominiums is considered one sure-fire way to make great returns. However, given its risk appetite, it might not be suitable for everyone.

"It's a very niche form of investment and ideally for the super rich or those with good spending power," notes Standard Financial Planner Sdn Bhd's Jeremy Tan.

A good investment?

According to Malaysian Institute of Estate Agents (MIEA) president Nixon Paul, a high-end apartment is more than just about premium pricing.

"It's more than just about the interior. The criteria for a high-end condominium is defined based on its location, the finishes, managements fees and amenities that comes with it. And of course, there is a premium placed on all of these," he says.

MIEA deputy president Siva Shanker believes that investing in high-end condominiums is a great form of investment - if you have the money.

"High-end condominiums are good investments but they're not for everyone as they're very expensive!"

Still, investing in high-end condominiums is still a very popular investment option for many. According to Siva, take up for Bandar Raya Developments Bhd's (BRDB) upcoming luxury condominium project, Serai, has been quite overwhelming in just a few short months.

"There has been very low-key marketing done and by the time the advertisements came out, there were a lot of bookings," he says, adding that over 50% of the units have already been snapped up.

Located at Bukit Bandaraya, Kuala Lumpur, Serai comprises 121 condo units located in two 21-storey towers. Sold at between RM1,300 and RM1,500 per sq ft, the units range from 4,025 to 6,913 sq ft. There will also be two penthouses of 14,000 sq ft, priced between RM19mil and RM22mil.

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