Tijani 2 North project at a glance:
- Tijani 2 North is the most prime real estate development in Malaysia. [Tijani means jewel in Arabic]
- Tijani 2 North is an estate of luxury condos in the capital, Kuala Lumpur, in a high class area known as Kenny Hills
- Kenny Hills is the most expensive address in the country. The Sultan of Brunei has a house there which is an illustration of the standing of the area
- The developer is a PLC, Bolton Group. They have
been trading since 1964, and floated in 1972. They are the longest established
and most respected of Malaysia's real estate companies - see www.bolton.com.my
Real estate in Malaysia is more heavily regulated than in the UK, with
all buyers funds held in government controlled trusts. As an investment
location it is as close to zero risk as possible. As Malaysia was under
British rule until 1945, UK laws still apply, but have actually been
toughened further in favour of the consumer.
Capital growth is strong in Malaysia, circa
15% per year and rental yields are around 8 or 9% (based on similar
projects in KL, which in fact are not nearly as polished as Tijani).
We expect these units to increase in value around 20% between now and
completion.
There is 70% LTV finance available for end user buyers from a choice
of 5 international and regional banks (HSBC, Maybank, Hong Leong Finance,
United Overseas Bank and Standard Charter). Also, the availability of
finance means the exit strategy for buyers wishing to cash out and move
on is relatively painless as resales are much easier to achieve in Malaysia
than in locations where finance is not readily available to foreign investors.
I have personally inspected the site with the Chairman of Bolton, Mr
Lim Yen Haat, and can vouch that the finished units were the highest
quality finish I have seen anywhere and the interiors are truly stunning
(all Philip Stark fixtures and fittings for example). Also worth noting,
the project site runs like clockwork.
The construction firm are stock exchange listed, with a turnover of
$300,000,000 per year. The rental management firm already enlisted
are also a PLC, on a performance based contract.
The units are from circa £280k, the tenure is freehold, with no
restrictions for foreign buyers whatsoever.
This is a Rolls Royce project, as good as zero risk and in the best
location of the capital city of one of Asia's best performers - GDP
growth in Malaysia was almost 7% last year.
 |
To ask questions or request a reservation form, please click here
or call +44 (0)7967 258 121
|