City Gardens is an older leasehold condominium completed in 1994.

It consists of 17 floors with a total of 465 units. Unit sizes range from 1,200 to 2,500 sq ft. Facilities include a swimming pool, gym, playground, sauna, and tennis court.

The location is within walking distance to public transport and amenities in Bukit Bintang.

It is an older freehold condominium nestled at the end of Persiaran Raja Chulan, at the top of Bukit Ceylon.

Sub sale Market Analysis

1. Transaction Prices

Sales Data: Recent transactions at City Gardens show a median price of approximately RM 492,500, with prices ranging from RM 400,000 to RM 1,030,000 depending on unit size and condition. The average price per square foot is estimated between RM 348 and RM 404.
Price Appreciation: The property has experienced moderate capital appreciation over recent years, reflecting the demand for units in this area. The potential for future price increases is supported by ongoing urban development and enhancements to local infrastructure.

2. Rental Market Dynamics

Rental Prices: City Gardens offers competitive rental rates ranging from RM 2,500 to RM 6,000 per month. Larger units or those with premium features command higher rents.
Demand for Rentals: The proximity to major employment centers and educational institutions attracts young professionals and families seeking rental accommodations. The steady demand for rental units contributes to a healthy rental market in the area.
Average Rental Yield: The estimated rental yield for properties at City Gardens is around 4.27%, which is attractive compared to many other residential developments in Kuala Lumpur. This yield indicates strong investment potential for landlords.