Covillea Bukit Jalil

1. Transaction Price:

• Launch Price: RM378,988 – RM829,850[5].
• Subsale Price: RM590,000 – RM1,250,000[5].
• Current Market Price: Units are available for sale at prices such as RM788,000 for a 1,293 sqft unit, indicating a price per square foot of RM609[2].

2. Rental Price:

• Rental Range: RM1,800 – RM4,500 per month[5].
• Average Rental Price: RM3,013 per month, based on 29 properties listed for rent in Bukit Jalil[3].
• Specific Rentals:
  • 1,150 sqft units are available for rent at RM3,400 per month[3].
  • 1,415 sqft corner units are available for rent at RM3,500 per month[3].
  • 1,239 sqft units are available for rent at RM3,200 – RM3,300 per month[3].

3. Market Analysis:

• Rental Yield: Covillea commands top prices in the market with impressive rental yields, making it a valuable investment opportunity. The average rental yield is around 4.33%[5].
• Market Demand: The project’s proximity to the International Medical University (IMU) and other educational institutions, as well as its strategic location within the Multimedia Super Corridor (MSC) development area, contribute to its high demand and premium pricing[4][5].
• Comparative Analysis: When compared to other properties in the area, such as Twin Arkz and 8 Petaling, Covillea maintains a higher price per square foot and rental yield, indicating its premium status in the market[5].

Sources:

• [1] www.skyscrapercity.com
• [2] www.edgeprop.my
• [3] www.propsocial.my
• [4] forum.lowyat.net
• [5] www.propsocial.my