Endah Promenade Condominium

Endah Promenade, located in Sri Petaling, Kuala Lumpur, is a mixed commercial development completed in 2011.

It offers serviced residences, shop lots, and offices, making it lifestyle choice for families and working professionals.

Sub Sale Market Analysis

1. Transaction Prices

• Launch Price: The initial launch prices for Endah Promenade units ranged from RM250,500 to RM694,500[5].
• Current Transaction Prices: The median transacted price for Endah Promenade is RM448,000, with a median transacted price per square foot of RM362[2].
• Price Appreciation: The prices of condominiums in Sri Petaling, including Endah Promenade, have appreciated significantly over the years. Specifically, Endah Promenade has seen a 5% price growth each year since its completion in 2011, with prices ranging from RM500,000 to RM650,000 or RM488 psf to RM512 psf[4].

2. Rental Prices

• Rental Range: Rents for condominiums in Sri Petaling vary, with Endah Promenade units renting for around RM1,700 to RM2,900[4].
• Rental Yield: The rental yield for condominiums in Sri Petaling is generally around 4%, making them a popular choice for investors looking for stable returns[4].

3. Market Analysis

• Demand: High-rise residential properties in Sri Petaling are in high demand due to their affordability and numerous facilities. Endah Promenade, being a newer and more popular development, has seen consistent interest from buyers and renters[4].
• Comparison: Compared to other condominiums in Sri Petaling, such as Endah Regal and Endah Ria, Endah Promenade offers a range of amenities and a strategic location, contributing to its higher transaction and rental prices[4].

Key Points:

• Median Transacted Price: RM448,000
• Median Price per Square Foot: RM362
• Rental Price: Around RM2,900
• Price Appreciation: 5% annual growth since 2011
• Rental Yield: Around 4%[2][4]

Sources:

• [1] itemplate.wordpress.com
• [2] www.iproperty.com.my
• [3] www.propertyguru.com.my
• [4] www.edgeprop.my
• [5] www.starproperty.my