25 years ago when I was new to Real Estate Agency,
I was doing a lot of condominium rental cases for
expatriates , particularly expats from Japan who
were transferred to work in Kuala Lumpur.
Most of them were in the Oil & Gas Industry,
with the senior expats based in Kuala Lumpur
while the engineering staff are based offshore
in Sabah and Sarawak for oil & gas exploration works.
Some of these Japanese expats are also in the
construction industry, doing projects like the KLCC,
road construction, dam construction and building of
hugh factories.
As an estate agent that specialized in the rental market,
I was able to secure a lot of rental tenancy deals for them.
My area of focus was the condominiums located in the
Embassy Row of Jalan Ampang/ U Thant/Ampang Hilir
and Lingkungan U Thant.
Rentals rates for a fully-furnished 3-bedroom unit are
in the range of RM6,000 - RM7,000.
I also cover the Mont Kiara location, whereby the
rental rates are cheaper ranging from RM3,000 - RM4,000
which suit the budget of the junior engineers.
Back then, there were only about 10 different condo projects
in the vicinity of Ampang, with about 6 in Mont Kiara
plus several more in Bangsar and Damansara Heights.
The economy was booming then. Thus overall it has been a
very profitable ride for me in servicing the Nippon-san .
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