Centrio SoHo @ Pantai Hillpark is a leasehold development by YTL Land & Development Berhad, featuring small office/home office (SOHO) suites, retail stores, and boutique offices.

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Key Features and Considerations:

Unique Lifestyle Experience: Centrio at Pantai Hillpark offers a unique blend of work, life, and play, with distinctive architectural elements such as skylights, rooftop gardens, double-volume high ceilings, private gardens, and courtyards[2].
Proximity to Major Areas: The development is strategically located near the downtown area of Kuala Lumpur and the suburban buzz of Petaling Jaya, ensuring easy access to various destinations[2].
Amenities: The project includes amenities like a car park, community garden, function room, multi-purpose hall, perimeter fencing, and a swimming pool[2].

Centrio SoHo @ Pantai Hillpark 1

Sub Sale Market Analysis

1. Transaction Prices

In the current real estate landscape, Centrio SoHo stands out for its competitive pricing.

As of 2023, the transaction prices for units at Centrio SoHo are reflective of its strategic location and the quality of life it offers.

Median Transaction Price: The median price for units in Centrio SoHo is approximately RM 600,000. This figure represents a typical price point for units within this development, although prices can vary based on unit size, floor level, and view.
Price Per Square Foot: Historically, the price per square foot (PSF) at Centrio SoHo has hovered around MYR 400++, but recent transactions suggest that PSF rates have increased slightly due to demand. The current PSF is estimated to range between RM 500 to RM 700, depending on specific unit features and market conditions.

2. Rental Prices

Centrio SoHo also attracts tenants looking for urban lifestyle conveniences combined with comfortable living spaces.

The rental market here offers good returns for investors, fueled by the area’s connectivity and amenities.

Rental Rates: Rental prices at Centrio SoHo are competitive, reflecting the area’s demand. On average, rental rates are around RM 2.50 to RM 3.00 per square foot. For a typical 700 square feet unit, this translates to monthly rents ranging from RM 1,750 to RM 2,100.
Rental Yield: Given the transaction prices and rental rates, Centrio SoHo offers promising rental yields. Investors can expect yields ranging from 4% to 6%, depending on the unit’s specifications and market dynamics.

3. Factors Influencing Market Trends

Several factors contribute to the current pricing and rental trends at Centrio SoHo:

Strategic Location: With its proximity to key transportation links such as the Federal Highway and the New Pantai Expressway, Centrio SoHo offers excellent accessibility to Kuala Lumpur and surrounding areas.
Comprehensive Amenities: The development provides residents with modern amenities, including a sky garden, swimming pool, gymnasium, and retail outlets, enhancing its attractiveness to potential buyers and tenants.
Urban Lifestyle Appeal: The blend of residential and commercial spaces within Centrio SoHo caters to a lifestyle that values convenience and vibrancy, appealing particularly to young professionals and urban dwellers.
Sustainability Initiatives: With eco-friendly features integrated into its design, Centrio SoHo appeals to environmentally conscious buyers and renters who prioritize sustainability in their living choices.