When Ganesha first told me about the different tier areas in Kuala Lumpur, a city so close to me and a city I grew up in, I wanted to know what the different tier areas mean. Trust me, you have to see it for yourself because if you are in the market for a new home or a rental property, this is the prime piece of information you cannot afford to miss. Knowing the different tiers means you have the upper hand to select the right investment and cash in within your capability. Doing this also means you will be able to cash out with a big fat satisfiable sum later on.

Follow along the journey with me and Ganesha as we discuss what we saw when Ganesha took me on a tour around KL.

Timeline:

[00:00] Is buying a property in Tier 2 areas the key to a successful purchase?

[03:40] The direction of development in KL

[05:29] An example of non-investable property

[12:03] The story of Kudalari Apartment

[15:27] How to find the median price of properties in an area?

[19:03] Can you assess the property based on the residents/tenants ratio?

[21:21] Segambut - Scrap Yards around a new development

[25:35] Negotiating prices on sub sale properties

[29:15] The actual steps to purchasing a home

[33:07] Legal processes of the purchase

[34:55] Fees you should be aware of 

[38:23] First Home Buyers’ Scheme

[40:14] Development of Tuan 3 Heritage 

[42:02] Checking for defects and damages

[43:25] Don’t bulk book the same defect checker

[44:29] The insane selling rate of Tuan 3 Heritage development

Sound effects obtained from https://www.zapsplat.com