http://forum.lowyat.net/ Fri, 31 Jul 2026 12:54:37 +0800 FeedCreator 1.7.2 http://forum.lowyat.net/topic/4813066 Hi I am interested in buying a condo at panorama KLCC for investment purposes. I would like to seek sifu&#39;s opinion on whether this is worthy or not.<br /><br />It is located at the centre so location wise no question about it. The building quality is good. It is old, yet spacious, and price wise it&#39;s much cheaper than a lot of new development.<br /><br />What I really worried is its rental prospects. Currently it might still be OK, though among the competition of all the Hampshire projects. <br /><br />but I am really worried the new developments in the area :<br /><br />- Star residence - over 1100 units<br /><br />- Mews just completed, and just around mews two new projects under construction. One is isola @klcc, another one is a 30 stories with 130 units<br /><br />- Ibis hotel service apartment, and Royce residence near ibis hotel <br /><br />- Proposed regent residence around avenue k, and 2 30 stories apartments proposed along Jalan mayang, though the land is tiny<br /><br />Now we come to the other side of Jalan Ampang, we have:<br /><br />- So sofitel residence with estimated over 500 units and its sister jameriah Residences (how many?) <br /><br />- Fairmont Hotel and residence just nearby the twin tower and four seasons hotel<br /><br />- And I believe close to Troika they will also build some service apartment there in front of klcc Park. <br /><br />So just with 0.5km from twin tower I estimate that at least 2000 new units will come to the market in the next a few years<br /><br />So this is really scary as whether we have enough tenants to take all these high end condos. <br /><br />If rental market is not promising then we dare not to invest as We need rental income to help pay down the loan. <br /><br />Can anyone offer your opinion on this? Is it worth? <br /><br />Ps. <br /><br />I do not mention about the other construction around stonor area, around pavilion area, and around trx area. <br /><br />In addition, with mrt completion we expect people to choose places away from the centre as they are more affordable and offer better life quality.<br /><br /><br /><br /><br /><br /> Zync1001 Property Q&amp;A Wed, 24 Jul 2019 23:18:21 +0800