Property Market Updates on Greater Kuala Lumpur (H12019)

With a GDP growth of 4.7% during the 4th quarter of 2018, Malaysian property market remains stable across various sectors such as residential, retail and office. 

Recent research on greater Kuala Lumpur by JLL’s Property Market Monitor Q1 2019 revealed that the current prime residential units in stock are approximately 43,075.

The average rental rates of prime high-rise residential properties in Kuala Lumpur increased marginally q-o-q during this quarter to MYR2.97 psf/month, which indicates that rental growth is 3.0%.

In addition to that, average capital values increased by 1.8% q-o-q to MYR870 psf compared to MYR855 psf in 3Q2018. Cheaper cost of lending is likely to boost demand for residential properties across all segments if Overnight Policy Rate (OPR) reduces.

 

Featured Projects

Pavilion Damansara Heights

Spanning across an exceptional 16 acres of prime freehold real estate in the heart of Malaysia’s most prestigious address is Pavilion Damansara Heights. A pinnacle of affluence, it is the most anticipated integrated development comprising luxury residences, Grade A corporate towers and the Pavilion Bespoke Retail. Pavilion Damansara Heights is located 300 metres away from Pavilion Damansara Heights MRT station and the distance to KLCC via link bridge is 562 metres. The development is also located 2 stations away from KL Sentral LRT station, the gateway to KLIA and Malaysia’s transportation hub and 5 stations away from Kuala Lumpur CBD (Pavilion Bukit Bintang Station).

 

Sentral Suites

Sentral Suites is the latest landmark residential development in KL Sentral. Located at Jalan Tun Sambanthan, the development is easily accessible within a 10 minutes walk from KL Sentral, the main public transport hub with integrated LRT, Monorail, MRT, bus, taxi and high speed airport train services. Residents will also enjoy the proximity of the vibrant commercial centre at KL Sentral with its new shopping hub, hotels and transport links. Other facilities include up market shopping and F & B amenities at Nu Sentral; hotels such as St Regis, Hilton, Le Meridien and corporate offices such as Menara Shell, Menara Allianz Sentral and Q Sentral.

 

The Manor Kuala Lumpur

The Manor Kuala Lumpur is a freehold residential development strategically located in KL City Centre Golden Triangle Area. The development is situated directly opposite Vietnam Embassy and nearby Eton International School, Japan Embassy and Singapore High Commission. Residents can easily gain access to Jalan Ampang via Jalan Stonor, Jalan Tun Razak, Jalan Kia Peng and Jalan Raja Chulan. Other expressways include Lebuhraya SMART, Kuala Lumpur Putrajaya Expressway and E12.

 

AIRA Residence

AIRA Residence is Selangor Properties Berhad's new exemplar of luxury living. This two-tower development is conveniently and prestigiously situated at the top of Jalan Batai in the coveted lands of Damansara Heights. Designed by an award-winning team, AIRA Residence offers everything that luxury living represents with a level of comfort and serenity fit for the elite.

 

 

For more details about Malaysia and its projects, you may contact JLL International Residential at +603 2260 0700 or wong.christine@ap.jll.com.

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