216 Residences is a modern serviced residence situated in the vibrant Kuchai Lama neighborhood of Kuala Lumpur.

Designed to cater to the needs of contemporary living, this development seamlessly combines luxury and convenience, offering a range of unit types from studio apartments to spacious three-bedroom units.

Its strategic location provides easy access to major highways and public transportation, making it an ideal choice for young professionals, families, and investors looking for a dynamic urban lifestyle.

Features

Strategic Location: 216 Residences is conveniently located near key highways such as the Maju Expressway (MEX) and the New Pantai Expressway (NPE), ensuring easy connectivity to Kuala Lumpur’s city center and other important areas.
Comprehensive Amenities: The development offers an impressive array of facilities, including a well-equipped gymnasium, swimming pool, children’s playground, and multipurpose court, promoting an active and healthy lifestyle.
Community Spaces: Residents can enjoy communal areas like a clubhouse, BBQ area, and landscaped gardens that encourage social interaction and foster a sense of community.
24-Hour Security: With a dedicated security system, CCTV surveillance, and controlled access points, residents can feel safe and secure in their living environment.
Retail and Dining Options: The development features a selection of retail outlets and dining establishments, providing convenience and enhancing the overall living experience.
Sustainable Design: 216 Residences emphasizes eco-friendly initiatives such as energy-efficient systems, water conservation measures, and waste management programs that align with modern sustainability practices.

Sub-Sale Market Analysis

1. Transaction Prices

The transaction prices in the sub-sale market for 216 Residences have shown variability depending on the unit type, floor level, and overall demand in the Kuchai Lama area.

Based on available data, units within 216 Residences have been transacting at prices ranging approximately from RM 400,000 to RM 800,000.

Two-Bedroom Units: These units typically range from RM 400,000 to RM 500,000, appealing to small families or those looking for a bit more space.
Three-Bedroom Units: Larger units can command prices upwards of from RM 550,000 to RM 700,000, making them attractive for families seeking a more permanent residence.

2. Rental Prices

In addition to sub-sale activity, the rental market for 216 Residences has also been active. The rental prices vary based on unit size and amenities offered.

Currently, rental prices for units in 216 Residences generally fall within the following ranges:

Two-Bedroom Units: These units typically rent for around RM 1,500 to RM 1,800 per month.
Three-Bedroom Units: Larger three-bedroom apartments can command rental prices ranging from RM 2,200 to RM 2,800 per month.

3. Comparative Analysis

To better understand the sub-sale market dynamics of 216 Residences, it’s essential to conduct a comparative analysis with similar developments in the Kuchai Lama area. This helps highlight its competitive position in terms of pricing and desirability.

Comparative Developments:
- Kuchai Avenue: Typically offers similar unit types with transaction prices ranging from RM 450,000 to RM 750,000. Rental rates here are slightly lower, with two-bedroom units averaging around RM 2,000 per month.
- The Scott Garden: Another similar development where transaction prices are comparable but tend to skew higher for larger units, with three-bedroom units reaching up to RM 900,000. However, rental rates are competitive at around RM 3,200 for similar-sized units.
Key Highlights:
- Price Competitiveness: 216 Residences’ transaction prices are relatively competitive compared to other developments in Kuchai Lama. This positioning makes it an attractive option for both buyers and investors.
- Rental Yield Potential: With rental prices showing a healthy return relative to purchase prices, the potential yield for investors is promising. For instance, a two-bedroom unit purchased at RM 600,000 with a rental income of RM 2,500 per month offers an annual yield of approximately 5%.
- Market Trends: The overall demand for serviced residences in Kuchai Lama has been on the rise due to urban migration and the influx of young professionals seeking modern living environments. This trend supports the potential for both capital appreciation and steady rental income.