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Moving To Malaysia (Kuala Lumpur)



My Wife and I are moving to KL very soon for a 5 year work contract.

We are originally from Australia but have lived and worked in UK, India, Sri Lanka, UAE and also in Penang ( MY ) before so pretty must used to expatriate life.

We are looking to buy a detached bungalow / villa or semi detached house so need some expert advice !!!

*** My wife will work in KLCC area.

*** I will work Shah Alam, Selangor or Port Kelang ( Klang area ).

*** We would like to buy a house in a location which is central for both of us to go to our respective offices.

*** Budget is RM 2.5 to 3 Million.

We feel places like Bangsar / Mont Kiera / Demansara / Demansara Heights have already grown & peaked so it’s a potential bubble

Appreciate your advice on good growth area's where we can expect good capital growth during the next 5 years.

I believe Banks in KL lend up to 70 to 80% of the value of the property. Please confirm if this is the maximum lending ?

Also appreciate your advice on what is the present Fixed and Variable interest rates going around in the market ? Some told us it's 3.5% to 4% PA !!! Please confirm if this is correct ?

Warm regards
Sarah and Suresh

Kuala Lumpur Forum