The rapid growth of Kuala Lumpur has led to a massive transformation of the city’s economy, culture, and infrastructure. It is an excellent place to invest, due to its high business opportunities and growth in tourism too. People are constantly coming into town for work or leisure, and a lot of them stay for longer periods of time because they enjoy it so much. 

Hence, buying commercial property in KL is a great investment for the future. It’s always good to diversify your portfolio and not put all of your eggs into one basket. 

Keep on reading to find out why you should buy commercial property in KL. 

Kuala Lumpur is a bustling city of high-rises, traffic, and people. But what many don’t know is that KL has an extensive commercial property market for those looking to invest in the Malaysian capital.

With over 500 office towers in KL, there are plenty of opportunities to find the perfect space for your company. And with so many buildings going up every year, the supply will never outpace demand. If you want to invest in the future, this is a great place to start!

Why you should buy commercial property in KL: 

Reason 1: Vibrant Urban Scene

KL is one of the most cosmopolitan areas in all of Asia. It is also a home to Malaysia’s top universities, government ministries, media and corporate headquarters. The city is a magnet for talent and an investment destination for both local and international companies. There are plenty of opportunities for growth and development as well as an increasing demand for amenities such as office space or retail outlets due to its burgeoning population.

Since the city also has strict zoning laws governing where different types of buildings can be located, this means that everything is conveniently close to each other.

Reason 2: Popular International Tourist Spot 

KL is an attractive tourist destination due to its diverse population and great cultural experiences. It is a popular tourist destination for Europeans, Asians, Australians and New Zealanders due to its location in the heart of South East Asia. 

The most famous landmarks in KL are Petronas Towers which are the tallest twin towers in the world. KL Tower which was formerly known as Menara Kuala Lumpur is also one of the most recognisable structures in the world. Both of them are a bustling area with many people coming and going. There are lots of amenities nearby such as shopping areas, hotel, bars, cinemas etc. 

Reason 3: Fast-growing Economy

The city has a population of over 1.6 million and it has experienced rapid growth in recent years, with the population expected to reach 2.5 million by 2020. The country’s economy is doing well, and the government wants to diversify its economic base by attracting more investments from outside Malaysia. The city’s growing economy also means more people will be coming for work or leisure.

Additionally, KL has a relatively low unemployment rate (under 3%) which means that there are few shortages of labour in the construction industry, which means that commercial projects can be completed quickly without bottlenecks due to labour shortages. It also has many hotels, shopping malls and food courts that boost the economy. 

Reason 4: High Accommodation Demand

KL is one of the most modernized cities in Asia with some of the best universities and schools in Malaysia that not only attract students from all over Malaysia but also from other parts of Asia like East Asia, South East Asia and Australia. There are great schools and universities in KL that teach international curricula such as UiTM, Monash University and Cambridge International School. 

Consequently, this makes KL commercial property investment attractive as it provides young professionals with an opportunity to have an international career path while being able to live close to their family near KL or nearby major towns like Selangor or Putrajaya for instance.

Reason 5: Public Transportation 

KL has been ranked as one of the most livable cities in the world because of the centralized location. This makes it easy for people to live outside of the city and commute into work. More and more people are moving into the city, and with this many people come not just residential buildings but also shopping malls. Thus, there are many malls and other stores that are easily accessible by public transportation.  

Other than that, the city also has a lot of people who want to work, so there will always be demand for more commercial property. Because of that the KL commercial property market makes it easy to find something in your budget range without compromising quality which means that buying into this market could pay off very soon! 

Summary

Kuala Lumpur is a vibrant and bustling city, which makes it an excellent place to invest in commercial property. The country’s capital city has a booming economy and it continues to grow every year. This makes you to get some really good returns on your investment. 

Looking for a commercial property in KL? 

We specialize in commercial property listings. If you’re waiting for a great deal then now is the perfect time! Prices have been driven down by an influx of new developments and many owners are willing to sell their properties at discounted rates.

Give us a call today to find out more and get your special deals!