Malaysian GDP growth estimates have been revised upwards to 5.8% for 2008. Demand for newly developed residential property is driven by a mixture of Malaysian nationals upgrading their houses and a growing expatriate community.

The government is set to allow EPF (employees provident fund) withdrawals to be put towards housing mortgages, this new policy will inject approximately RM 9.6 billion (approx USD 3.04 billion) into the economy, giving homeowners extra liquidity for increased spending.

Kiara 3, located in Mont Kiara, a suburb of Kuala Lumpur boasts superb infrastructure for residents; including international schools, shopping centers and restaurants. Located only 15 minutes from the centre of KL, Mont Kiara's location is appealing to both local and expatriate families looking to be situated away from KLCC's overcrowded city centre.

LOCATION

* In 2007 annual GDP growth was 6.3%
* The growing economy is leading to higher incomes and growing spending power
* High office occupancy levels - 96% within the Golden Triangle
* Limited effect from the sub prime crisis due to strong domestic demand
* Mont Kiara, Kuala Lumpur
* KL is the capital of Malaysia and a modern world-class city of nearly 2 million people, the largest in the country
* Mont Kiara is an established and up market neighbourhood and popular with both expatriates and upper middle class Malaysians
* Located close to international schools, shopping centres and restaurants. Mont Kiara is located approximately 15 minutes from central KL and within 2 minutes of 3 international schools
* It is one of the main regions of interest to multinational companies
* The area is likely to see strong capital appreciation and rental demand given current market conditions
* The area is 70-80% owner occupied with strong demand for rental accommodation

FACILITIES & FEATURES

* Well supported by social, educational and commercial activities eg. International schools, golf and equestrian clubs, trendy F&B hotspots etc
* Pool, Gym, Squash Courts, Sauna, Landscaped Garden, Children's Playground

PAYMENT PROCESS

* IP client fee of HK 15,000

* Reservation Deposit of 5%
* Upon signing the SPA 5%
* Following payments to be made as per government approved payment schedule