3 Kia Peng Apartment

3 Kia Peng  is a freehold serviced residence development.

Unit sizes range from 3,006 to 3,383 sq ft. Facilities include a gym, pool, playground, and 24-hour security.

Its location near KLCC and public transit is considered a key selling point.

This freehold development was completed in 2010 and contains a total of 138-139 units across 28 floors.

The current rental yield is estimated to be around 3.93-4.62%.

Sub-sale Market Analysis

1. Transaction Prices

• Price Range: Transaction prices for units have been observed between RM2,200,000 to RM4,400,000 depending on factors such as size, floor level, and view. The most common sizes for these units typically range from 2,500 sq ft to over 3,000 sq ft.
• Median Price: The median price per square foot for units in 3 Kia Peng is approximately RM541 to RM570 per sq ft. This figure reflects the high demand for luxury properties in the KLCC area despite some fluctuations in the market.
• Recent Transactions: Notable transactions within the last year indicate that some units have sold for around RM2,500,000 to RM3,200,000, with larger units fetching higher prices, particularly those with premium views of the city skyline or Petronas Twin Towers.

2. Rental Prices

• Rental Range: Current rental prices for units at 3 Kia Peng generally range from RM7,000 to RM15,000 per month. The variation in rental prices is influenced by unit size and specific amenities offered.
• Average Rental Rate: For a standard unit around 3,000 sq ft, landlords typically list rental prices around RM8,000 to RM12,000 per month. This rate positions 3 Kia Peng as a high-end rental option in KLCC.
• Rental Yield: The estimated rental yield for properties in this development is approximately 4% to 5%, making it an attractive investment option for potential buyers looking to generate rental income.

3. Market Trends

• Demand Trends: The demand for luxury condominiums in KLCC continues to be strong despite broader economic challenges. The central location and accessibility to amenities such as shopping malls, international schools, and healthcare facilities contribute significantly to the attractiveness of 3 Kia Peng.
• Investment Potential: While capital appreciation may have shown some signs of stagnation in recent years, the long-term investment potential remains promising due to the ongoing development and growth of Kuala Lumpur as a key economic hub in Southeast Asia.
• Buyer Demographics: The primary buyers in the sub-sale market for 3 Kia Peng include high-net-worth individuals, expatriates working in the city, and local investors looking for premium properties that offer both luxury living and potential rental yields.