KL Palace Court

KL Palace Court is a residential development located in Kuchai Lama, a high-density neighborhood with a mix of commercial and residential properties.

The area is known for its proximity to major highways such as the Maju Expressway (MEX), Salak South Highway, North-South Highway, and the Old Klang Road.

Features:

• Prime Location: Situated in Kuchai Lama, KL Palace Court provides easy access to shopping malls, dining options, educational institutions, and major highways, ensuring residents are well-connected to the heart of Kuala Lumpur.
• Diverse Unit Options: The condominium offers a range of unit types, from cozy studios to spacious 3-bedroom apartments, catering to the varied needs of individuals and families.
• Exceptional Amenities: Residents can enjoy a well-equipped fitness center, swimming pool, landscaped gardens, children’s playgrounds, and multipurpose function rooms that promote an active and social lifestyle.
• Safety and Security: KL Palace Court prioritizes resident safety with 24-hour security personnel, CCTV surveillance, and controlled access points, providing peace of mind for all occupants.
• Community Engagement: The condominium fosters a strong sense of community through organized events and activities, encouraging social interactions among residents and creating lasting relationships.
• Sustainability Initiatives: Designed with eco-friendly features, KL Palace Court promotes sustainable living through energy-efficient installations and water-saving measures, contributing to a greener environment.
• Investment Potential: With its desirable location and amenities, KL Palace Court presents attractive opportunities for both owner-occupiers and investors looking for rental properties or capital appreciation.

Sub Sale Market Analysis

1. Sub-Sale Prices

• The sub-sale prices for units at KL Palace Court start from around RM 580,000[4][1].
• The launch prices of the apartments originally ranged from RM 502,000 to RM 2,060,000, indicating that the sub-sale market prices are somewhat aligned with or slightly above the initial launch prices[1][4].

2. Transaction Prices

• Historical transaction data shows that the prices for units in KL Palace Court have varied widely depending on the size and type of the unit. For example, as of the completion year in 2014, the transacted prices ranged from RM 320,000 to RM 1,000,000, with an average price per square foot ranging from RM 47 psf to RM 549 psf[1].
• The current sub-sale market reflects a range of prices, but generally, units are transacted at prices starting from around RM 580,000 and can go up to higher figures depending on the unit size and amenities[4].

3. Rental Rates

• Rental rates for units in KL Palace Court vary based on the size and furnishings of the unit. Here are some examples:
  • A fully furnished 3-bedroom, 2-bathroom unit with a built-up area of 1,313 sqft can be rented for around RM 1,800 to RM 2,000 per month[2][5].
  • A partially furnished unit with a built-up area of 1,313 sqft can be rented for around RM 1,500 per month[5].
  • Smaller units, such as a 936 sqft 2-bedroom, 2-bathroom unit, can be rented for around RM 1,200 per month[5].

4. Maintenance Costs

• The maintenance cost for the apartments is relatively low, at RM 0.22 per square foot[1][4].

5. Amenities and Location

• KL Palace Court is located in Kuchai Lama, a neighborhood with a mix of commercial and residential developments. The area is known for its proximity to major highways and amenities such as NSK hypermarket, various restaurants, and educational institutions. This proximity to amenities can influence both the transaction prices and rental rates positively[1][4].

Sources:

• [1] www.propsocial.my
• [2] www.edgeprop.my
• [3] www.rahim-co.com
• [4] jmbmalaysia.org
• [5] www.propsocial.my