Inwood Residences @ Pantai Sentral Park is a condominium project located in Kerinchi, Kuala Lumpur, developed by IJM Land Berhad.
The project is part of the larger Pantai Sentral Park mixed-development, which spans approximately 23.5 hectares (58 acres) and is expected to generate a total Gross Development Value (GDV) of RM2.5 billion over ten to 15 years[1].
Sub-Sale Market Analysis
1. Transaction Prices
- Initial Launch Prices: The initial launch prices for Inwood Residences were around RM700 per square foot (psf), with built-up sizes ranging from 1,140 square feet (sf) to 1,974 sf for two-to-four-plus-one bedrooms[1].
- Market Prices: The current market prices for Inwood Residences are as follows:
- 2+1 Bed: 1,125 sf, priced around RM880,000, which translates to approximately RM782 psf.
- 3 Bed: 1,215 to 1,235 sf, priced around RM950,000, which is approximately RM769 psf.
- 4+1 Bed: 1,660 sf, priced around RM1,400,000, which is approximately RM843 psf.
- 5 Bed and Above: 1,965 sf, priced around RM1,450,000, which is approximately RM738 psf[2].
2. Rental Prices
- Rental Listings: Recent rental listings for Inwood Residences include:
- 3 BR: 1,235 sf, fully furnished, renting for RM3,700 per month, which translates to approximately RM3 psf per month[3].
- General Rental Trends: The rental market for high-end condominiums and serviced apartments in Kuala Lumpur has seen marginal dips in some areas, but specific data for Inwood Residences indicates a stable rental demand[4].
3. Investment Potential
- Location: The project benefits from its strategic location near Bangsar, with views of a nearby 200-acre forest reserve. Future infrastructure improvements, including a RM50 million link to the New Pantai Expressway (NPE) and the possibility of a new MRT station at nearby Pantai Dalam, are expected to enhance the property’s value[1].
- Median Price: The median price for residential transactions in the Pantai Avenue Bukit Kerinchi area is RM1,385,000, indicating a strong demand for properties in this location[5].
Sources:
- [1] klse.i3investor.com
- [2] klpropertynavi.com
- [3] www.edgeprop.my
- [4] content.knightfrank.com
- [5] www.propertygenie.com.my
4. Market Insights:
- Location: Inwood Residences is situated in Kerinchi, Kuala Lumpur, offering easy access to various transportation options and amenities like Mid Valley shopping mall[2][5].
- Project Details: The project consists of 211 units across two towers, with built-up areas ranging from 1,125 sqft to 1,965 sqft[2].
- Facilities: The development features a range of amenities, including a swimming pool, gym, BBQ area, and multi-purpose room, emphasizing a green lifestyle with tropical gardens and a canopy tree house[2][5].
5. Comparative Analysis:
- Surrounding Properties: The average transacted prices for nearby properties like Saville @ The Park, The Scott Soho, The Scott Garden, and Fraser Towers provide a broader market context, with prices per square foot varying significantly across these projects[4].
- Market Trends: The median price for residential transactions in the Pantai Avenue Bukit Kerinchi area is RM1,385,000, indicating that Inwood Residences is competitively priced within the local market[5].
Sources:
- [1] klse.i3investor.com
- [2] klpropertynavi.com
- [3] www.edgeprop.my
- [4] www.propsocial.my
- [5] www.propertygenie.com.my
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