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A Comparison of Property Prices within KL City Centre…

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No better place to purchase your dream real estate at bargain prices!

 

KLCC offers a treasure trove of properties, although they are usually over-priced at times. However, most city folk believe that KLCC is still excessively congested and generally unconducive for family living, but expatriates might have a differing perception or alternate viewpoint on this fact. Whatever the disparity in opinion or commentary, it is unanimously agreed or concurred that KLCC presents some of the best real estate and premium property anywhere in Malaysia, let alone in Greater Klang Valley. While many new upcoming luxury & branded projects are mushrooming elsewhere, KLCC continues to maintain its property tradition by shattering price records year after year. Nevertheless, there are still exists quite a number of condos with relatively affordable pricing. With plots of prime land and premium real estate situated at the core of the capital, KLCC exudes a majestic presence for niche and premium properties within metropolitan Kuala Lumpur, with the iconic Petronas Twin Towers as its backdrop. The exorbitant price of housing within KLCC reflects the prestige of luxury living in the heart of the city.

 

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‘The Binjai on The Park’ (The Binjai) is the only residential component within the renowned KLCC development overlooking the KLCC Park. It is located adjacent to other KLCC residences in the vicinity with iconic landmarks such as Petronas Twin Towers and Suria KLCC shopping mall in the horizon. The Binjai, Marc Residence, Vipod Residence and The Pearl KLCC are reputably among the top ten non-landed luxury residences based on average price per sq. ft. since 2014. Hampshire Park is another luxury residential property within KLCC, located on Persiaran Hampshire and developed by Tan & Tan Developments. When it was first launched in 2007, its offer price was a meagre RM600 psf which was a real bargain. Over the years, many high-end residential projects have been rather successful and have proven quite a hit with homebuyers. The Binjai is especially popular with expatriates and travelers alike during the annual holidays or summer vacation at KLCC – perhaps attributed to its strategic location, excellent hospitality and top-notch services.

 

27.SwimPool-InfinityThere are also luxury condominiums like Suria Stonor (developed by Glomac Regal), which is located less than 1.7 km away from the Twin Towers, and is priced between RM800 – 1,000 psf. You could also get a spacious 3,310 sq. ft. condo unit for RM3 million which is a pretty good deal. If you are looking for a reasonably affordable luxury condo, look no further than Hampshire Park where you could secure a roomy 2,636 sq. ft. unit for just RM2 million. And if you are searching for a twin-bedroom unit below RM1 million, you can find them a little further away from the Twin Towers. Amidst all the hype down south, KLCC still remains one of the most expensive and exclusive residential addresses locally.

During the third quarter of 2014, the property price of non-landed properties skyrocketed, registering in excess of RM1k psf with average price per unit being RM1.7 million. Approximately a quarter of all properties transacted were for units priced above two million ringgit. One of the most expensive residential addresses belongs to The Binjai with an average transaction price of RM5 million! Property prices within KLCC typically hover around RM2K per square foot. The Pearl, The Troika and Binjai Residency are some other examples of luxury residences featured. Among the most affordable developments within KLCC is the Parkview Service Apartment whose average transacted price per unit comes to roughly RM600k. Bargains and best buys are often to be found where we least expect them. The following are a list of luxury residences reviewed with essential facts.

 

 

 

 

8559858dfec3450391e66abbe02e5a01The Pearl KLCC (formerly known as Stonor 116) is a relatively new luxury condo located within the KLCC enclave. This freehold condo comprises of a total of 179 units and is fully developed by Malton, a premier property developer with many acclaimed and flagship residential projects throughout Greater KL. The Pearl is located alongside Jalan Stonor within the KLCC vicinity. It is merely a stone’s throw away from Pavilion KL and KLCC Park. This high-end condominium is easily accessible via major roads, such as Jalan Bukit Bintang, Jalan Kia Peng, and Jalan Sultan Ismail. It is also in close proximity to amenities such as major shopping malls (i.e. Avenue K, Suria KLCC, Pavilion KL, Lot 10, Fahrenheit 99), KL Convention Centre, Petronas Twin Towers, KLCC Park, Prince Court Medical Centre, etc.

 

 

 

 

Name: The Pearl KLCC (formerly known as Stonor 116)

Address: Jalan Stonor, 50088 Kuala Lumpur

Developer: Malton

Completion: 2011

Type: Condominium

No. of Storey: 41

Total Units: 179

Built-up: 3,109 – 19,623 sq. ft.

Launch Price: From RM870 psf

Price Range: RM2,798,000 – 25,769,684 (simplex/duplex/penthouse)

 

 

 

P1050193The Troika is one of the most prestige and preferred residential addresses in the city. This mixed development with a GDV value of RM650 million is managed by influential property developer, BRDB. Located at the intersection of Persiaran KLCC and Jalan Binjai in the affluent KLCC neighbourhood, The Troika is listed as among the top ten most expensive luxury condos nationwide. Security features at The Troika are nothing to shout about considering its hefty unit price-tag. They include card access control at all main entry points, automatic boom-gates, and CCTV cameras installed at strategic access points. Standard residential facilities would include a fully-furnished kitchen, fully-fitted bathroom, as well as Jacuzzi.

 

 

 

 

Name: The Troika

Address:  Persiaran KLCC / Jalan Binjai, Kuala Lumpur.

Developer: BRDB

Type: Condominium

Total Blocks: 3

No. of Storey: 38, 44 & 55

Total Units: 229 (2 units per floor)

Built-up: 960 – 21,688 sq. ft.

Price Range:  RM1,661,320 – 3,138,000 (1,200 – 1,620 psf)

Launch Price:-  SoHo: from RM1,015 psf/ Standard: from RM920 psf / Penthouse: est. RM5.7 million

 

 

 

Binjai-Cover-1Binjai Residency is perhaps one of the most prestigious condominiums ever built within KLCC property site or domain. It is probably also the best-looking as well as strategically-placed condominium around. Not to be confused with The Binjai (‘Binjai on a Park’), Binjai Residency is just a stone’s throw away from KLCC Twin Towers and is in close proximity to most major financial institutions, commercial establishments and entertainment outlets. Binjai Residency provides you with all the needs and necessities for a truly refined lifestyle, be it in or out of your home. Being conveniently accessible, Binjai Residency is only five minutes away from the KLCC LRT station and just three minutes out from the Ampang Park LRT station.

 

 

 

 

Name: Binjai Residency

Address: Lorong Binjai, 50450 Kuala Lumpur

Developer: Amity Binjai

Completion: 2007

Type: Condominium

Total Blocks: 1

No. of Storey: 32

Built-up: 2,096 – 6,557 sq. ft.

Launch Price: From RM520 psf

Price Range:  RM1,960,200 – 10,226,800 (RM900 – 1,480 psf)

 

 

 

3 (6)Parkview KLCC (Parkview Serviced Apartment) is a joint development between Mayland and Martego within the exclusive enclave of KLCC. It is definitely ideally located for a serviced apartment in Kuala Lumpur. Parkview is an exclusive luxury serviced apartment located in the heart of Kuala Lumpur’s golden triangle. The 41-storey freehold serviced apartment consists of 322 serviced apartment units and 95 luxury suites; with the serviced apartment units ranging between a compact 489 sq. ft. and a spacious 1,755 sq. ft. Also, the luxury suites have built-up areas ranging from 1,855 – 2,480 sq. ft. Parkview is merely minutes away from top shopping malls such as the posh Suria KLCC and the avant-garde Pavilion KL.

 

 

 

 

 

Name: Parkview KLCC (also known as Parkview Service Apartment)

Address: Changkat Perak, Off Lorong Perak, 50250 Kuala Lumpur

Developer: Joint-venture between Mayland & Martego

Completion: 2006

Type: Serviced Apartment

No. of Storey: 41

Total Units:- Serviced Apartment: 322 / 2-11 Luxury Suites: 95

Launch Price: RM680 – 700 psf

Price Range: RM387,000 – 950,000

 

 

 

suria-stonor1Suria Stonor is a luxury twin-tower condominium residing within KLCC’s green lung and developed by property giant Glomac (under its subsidiary, Glomac Regal). Suria Stonor comprises some 138 condo units with built-up areas of 3,048 – 8,604 sq. ft. There are only four units on each floor for both 23-storey towers to safeguard residents’ privacy. Suria Stonor features luxurious living with “Garden in the Sky” concept, as it offers airy and spacious surroundings with lush greenery. Three types of residential units are available: single, duplex and penthouse. The single units comprise three quarters of the total units, and consist of two different layouts, each with three sub-variants. There are 28 units of duplexes and eight limited unit penthouses offered on the upper floors. Penthouse residents are pampered with special private lift to incorporate residents’ lavish lifestyle. It is easily accessible via Jalan Binjai and Jalan Tun Razak to the city centre itself.

 

 

Name: Suria Stonor

Address: Jalan Stonor, Ampang, Kuala Lumpur

Developer: Glomac Regal (a subsidiary of Glomac)

Completion: 2008

Type: Condominium

Total Blocks: 2

No. of Storey: 23

Total Units: 138

Built-up: 3,046 – 8,604 sq. ft.

Launch Price: RM650 psf

Price Range: RM2,524,200 – 20,000,000 (simplex/duplex/penthouse)

 

 

 

 

IMG_6345Soho Suites @ KLCC is an interesting & innovative development whereby the design is unique yet practical to fit the upcoming trend of ‘live-and-work’ culture. It is sited between Wisma Hong Leong and Menara Bank Islam. It offers two types of SoHo (“small office, home office”) setting or configuration: Duplex and Simplex. Duplex is a two-storey unit with Suite Office on the lower floor and Service Suite Apartment on the upper floor. The two floors are interconnected by an internal staircase. Simplex is a single-storey unit whereby the Service Residential Apartment unit is connected to the Corporate Office. Residents may live in the apartment of Soho Suites, and go to work on a different unit via its internal passageway. The separate configuration of work place and residential unit allows the homeowner customize the living area to suit residential ambience, and office space to suit formal business activities. Noteworthy modern facilities are built into Soho Suites to encompass a high-end living workplace. Soho Suites is located in the heart of KLCC – within seven minutes walking distance from The Golden Triangle, and within five-minute drive from Petronas Twin Towers. Also located within close proximity to KLCC LRT station as well as Raja Chulan Monorail station.

 

 

Name: Soho Suites @ KLCC

Address: Jalan Perak, 50450 Kuala Lumpur

Developer: Jadepot Development (a subsidiary of Monoland Corporation)

Completion Date: 2013

Type: SoHo (‘small office, home office’)

Total Blocks: 1 (2 wings)

No. of Storey: 45

Built-up: 601 – 877 sq. ft.

Launch Price: RM700 psf

Price Range: RM900,000 – 6,080,000

 

 

 

marc_img_1764Marc Residence (alternatively known as Marc Service Residence) is a luxury condominium developed by Beverly Tower Development, whose high-end condo adopts the serviced residence concept which is a standard norm for many modern apartments today. Each unit is individually crafted to exert the imagery of posh and sophistication yet maintaining the essence of comfort. Each suite is furnished with a plush living room and a well-equipped kitchen. The car park itself would be reason alone for you to purchase or rent this condominium because of its ideal location. As we are all aware, KLCC is infamous for its busy streets and traffic jams, thereby roadsides will be limited with parking spaces. Marc Service Residence is also just five minutes away on foot via pedestrian walkway to Suria KLCC as well as Pavilion KL respectively. Public transport via the LRT would be a welcome convenience with its KLCC station sited adjacent to the condo complex.

 

 

Name: Marc Service Residence (Marc Residence)

Address: Jalan Pinang, 50088 Kuala Lumpur

Developer: Beverly Tower Development

Completion: 2007

Type: Serviced Residence

Total Blocks: 2

No. of Storey: 35

Built-up: 409 – 3,300 sq. ft.

Launch Price: RM700 psf

Price Range: RM848,000 – 2,380,000

 

 

 

67bcb548-c060-4c6f-94fa-5d1dc72ceca2Vipod Suites @ KLCC is the latest condo development in KLCC overlooking the HL tower building (previously the Hakka Restaurant). And just like its sister condo complex, the Quadro Residences, there is limited information about Vipod Suites due to the initial secretive nature of this project. Wholly developed by Monoland, it is situated in between KLCC and Pavilion. There are several blocks, which are either between 38 – 41 storeys high. There are 3 wings, with 4 lifts (including 1 service lift) serving each wing. There are 367, 418, or 440 units in total and prices start from RM668,000 for 1 bedroom and RM900,000 upwards for 2+1 bedrooms.

Name: Vipod Suites @ KLCC

Address: Jalan Kia Peng, Kuala Lumpur

Developer: Monoland

Completion Date: 2013

Type: Condominium

Launch Price: RM668,000

Price Range: RM1,000,000 – 2,314,800

 

 

 

hampshirepark_photo03Hampshire Park is an exclusive high-rise condominium residing along Persiaran Hampshire, with KLCC’s special property enclave. It is built by prestigious property developer, Tan & Tan Developments (a wholly-owned subsidiary of IGB Corp). Residing within the KLCC enclave, basic amenities and standard facilities for daily living as well as luxury lifestyle are all included. Numerous shopping malls are located nearby Hampshire Park; i.e. Avenue K, Ampang Park, Suria KLCC, The Pavilion, Lot 10, Sungei Wang Plaza and Fahrenheit 99 (previously Starhill Gallery). It is within walking distance of some 200 metres to the KLCC LRT station, allowing for easy access to various destinations throughout the city centre and beyond.

 

 

 

 

 

 

 

 

 

Name: Hampshire Park (also known as 6-8 Persiaran Hampshire)

Address: Persiaran Hampshire, Off Jalan Ampang, Kuala Lumpur

Developer: Tan & Tan

Completion Date: 1999

Type: Condominium

Total Blocks: 2 (North & South)

Total Units: 194

Built-up: 1,809 – 6,000 sq. ft.

Price Range: RM1,500,000 – 3,870,000