Aster Green Residence, located in Sri Petaling, Kuala Lumpur, is a freehold suite apartment project developed by UOA Group.
The project was completed in September 2022 and features 440 units across 26 storeys, with built-up sizes ranging from 657 sq ft to 958 sq.
Sub Sale Market Analysis
- Transaction Prices:
- Launch Price:Â RM424,800 – RM684,800[2].
- Current Ad Selling Price:Â RM550,000 – RM670,000, translating to RM638 psf – RM699 psf[2].
- Comparison with Nearby Properties:
- The Court:Â RM290,000 – RM700,000 (RM513 psf – RM642 psf)[2].
- Seringin Residences:Â RM900,000 – RM5,100,000 (RM492 psf – RM792 psf)[2].
- 288 Residences:Â RM450,000 – RM710,000 (RM355 psf – RM534 psf)[2].
- Le Yuan Residence:Â RM430,000 – RM3,200,000 (RM434 psf – RM877 psf)[2].
- Central Residence:Â RM242,000 – RM888,000 (RM331 psf – RM1,571 psf)[2].
- Rental Prices:
- Aster Green Residence: RM1,699 – RM2,700 per month[2].
- Comparison with Nearby Properties:
- The Court: RM1,300 – RM2,700 per month[2].
- Seringin Residences: RM2,680 – RM3,800 per month[2].
- 288 Residences: RM1,600 – RM3,600 per month[2].
- Le Yuan Residence: RM2,000 – RM10,000 per month[2].
- Central Residence: RM1,100 – RM3,800 per month[2].
- Rental Yield:
- Aster Green Residence:Â 4.19%[2].
- Comparison with Nearby Properties:
- The Court:Â 3.85%[2].
- Seringin Residences:Â 1.57%[2].
- 288 Residences:Â 5.07%[2].
- Le Yuan Residence:Â 5.45%[2].
- Central Residence:Â 3.63%[2].
Key Insights:
- Aster Green Residence offers competitive pricing and rental yields compared to other properties in the area.
- Transaction Prices have increased from the launch price, indicating a positive market trend.
- Rental Prices are consistent with the market average, providing a stable income stream for investors.
- Rental Yields are higher than some of the nearby properties, making Aster Green Residence an attractive investment option.
Conclusion:Â Aster Green Residence presents a favorable sub-sale market scenario with its competitive pricing, stable rental income, and higher rental yields compared to some of the nearby properties. This makes it an appealing choice for both homebuyers and investors.
Sources:
- [1]Â www.greenstreet.com
- [2]Â www.propsocial.my
- [3]Â www.asterconservatorygreen.com
- [4]Â www.irs.gov
- [5]Â www.propertyguru.com.my
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