To begin with, RM1 million is quite a low budget to invest in land unless you will be leveraging on a bank loan with the RM1 million as initial deposit. Buying residential land suitable for a bungalow in the KL City or the housing estates in KL are mostly driven by need to use basis. The holding cost for such land are usually higher as you do not derive any revenue while holding on to the land yet you need to pay for quit rent, assessments and maintain and upkeep the land in accordance to bylaws. Capital appreciation is slow as potential buyers are lesser as they have to spend more money to build a house on it. Buying agricultural land away from KL city eg. in Selangor will depend on the development potential and zoning of the agricultural land. If it is nearby existing industrial projects or mix housing projects then there will be opportunity for speculative capital gain once the developments expand towards the land invested. If it is pure agricultural then it is better to have a durian farm or oil palm will are yielding as capital appreciation for such land is also slow and will take more than 10 years or more to appreciate. The best is to invest in existing homes or commercial properties that are yielding where demand is constantly growing. The RM1million could hardly get you good residential land in the KL City as land prices is around RM250 per sq ft and above while agricultural land are large in size. Please avoid Malay Reserve or leasehold land if you are not thinking of own use but solely for investment purposes whereby you need sell in the future. David Wong (License Agent E2097) Mobile
+60193330573
Foreward Realty Sdn Bhd - E(1)1909
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