The Sentral Residences is a luxury freehold serviced apartment located in KL Sentral, the major transportation hub in Kuala Lumpur.

It consists of two 55-storey towers with a total of 752 units. Built-up sizes range from 1,087 sq ft to 4,327 sq ft.

The Sentral Residences was completed in 2016 and includes 752 units across the two towers. It is a freehold luxury condominium development in a prime location next to the KL Sentral transportation hub.

Demand remains strong from both investors and owner-occupiers due to the strategic location and amenities.

The project was fully sold out by mid-2015, indicating high investor interest.

Facilities include saltwater pools, a sky gym, a sky lounge, and other luxury amenities.

The mixed-use development model of KL Sentral, which integrates residential, commercial, and retail spaces, adds to its appeal for investors.

Sub-Sale Market Analysis

1. Transaction Prices

The median transacted price for The Sentral Residences is RM 1,660,000 with a median price per square foot of RM 1,073 [2].
Recent transaction prices range from RM 1,450,000 to RM 4,100,000 [2].
Price per square foot ranges from RM 854 to RM 1,270 [2].
The average selling price range is RM 1.20 million to RM 4.70 million, or RM 980 to RM 1,484 per square foot [8].

2. Rental Prices

Rental prices range from RM 3,200 to RM 8,000 per month [8].
On a per square foot basis, rental rates are around RM 2.95 to RM 5.50 per square foot per month [8].
Some specific rental listings:
- 1,259 sq ft unit: RM 3,800 per month (RM 3.02 psf) [11]
- 1,625 sq ft unit: RM 7,000 per month (RM 4.31 psf) [11]
- 1,464 sq ft unit: RM 5,000 per month (RM 3.42 psf) [11]

3. Rental Yield

The average rental yield is estimated at 4.47% [1].
Another source estimates rental yields in KL Sentral to be 5.5% to 6.5% per annum [19].

4. Market Analysis

The Sentral Residences has shown capital growth of -1.21% recently [8].
However, properties in KL Sentral generally have strong potential for capital appreciation, with annual growth rates of 5-7% over the past 5 years [19].
KL Sentral offers some of the highest rental yields in Kuala Lumpur, outperforming areas like Mont Kiara [19].
There is high demand for units, especially from professionals working in the area and frequent travelers [9].
The development’s location next to KL Sentral transport hub is a major selling point [1].

Sources: