•    Today we look at price growth and indicative asking rental yields for non-landed residences in the KLCC area. 

•    In the 12 months to 3Q2014, according to an analysis of transactions by theedgeproperty.com, Hampshire Place saw the highest appreciation of average price psf transacted, up 10.5% y-y to RM1,139 psf. In February 2014, a 915 square feet 2-bedroom unit was sold for RM1,422 psf, breaking the price record for this project.

•    Other developments worth mentioning are Marc Residence and Fraser Place. The average price psf for both projects grew 8.9% and 6.5% to RM1,446 psf and RM1,482 psf respectively. These developments have been quite successful among buyers, with their compact sized units garnering the most transaction volume and enjoying steady price appreciation.

•    When examining indicative asking rental yields, The Orion leads with the highest asking yields at 6.7%. It is also the cheapest development in the area, with an average asking monthly rent at only RM2.76 psf, due to its location much further away from KLCC.

•    Other developments that enjoy high asking rental yields are The Meritz (6.0%), Hampshire Residences (5.3%), Parkview Service Apartment (5.3%), Crown Regency (5.3%), and Idaman Residence (5.2%). 

•    With condominiums in the KLCC area generally targeted towards the elite and expatriates, rental rates can vary quite widely across developments. Rental rates generally range from about RM3.50 psf to RM6.00 psf.

The Analytics are based on the data available at the date of publication and may be subject to further revision as and when more data is made available to us.

Related stories:
PROPERTY SNAPSHOT Prices in KLCC stagnate
PROPERTY SNAPSHOT What’s affordable in KLCC?
PROPERTY SNAPSHOT What are developments priced in KLCC?

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