Mercu Summer Suites, located in the heart of Kuala Lumpur, is a residential apartment complex developed by UEM Sunrise Bhd.
With easy access to major attractions like Pavilion Kuala Lumpur Shopping Centre and Titiwangsa Lake Gardens.
The development consists of 400 non-landed units, with no landed units.
Subsale Market Analysis
1. Transaction Price
- Overall Range: The sale prices for units at Mercu Summer Suites range from RM 390,000 to RM 800,000. This broad range accommodates various unit sizes and configurations, catering to different buyer preferences.
- Price Per Square Foot (PSF): The price per square foot spans from RM 601.68 to RM 1,000.00. This variation often reflects differences in unit size, floor level, view, and condition.
- Units for Sale: There are currently about 106 units available for sale, providing ample options for prospective buyers.
2. Rental Price
- Overall Range: Rental prices range from RM 1,800 to RM 3,130 per month. This makes it suitable for both short-term stays and long-term residences.
- Price Per Square Foot (PSF): The rental price per square foot varies from RM 2.71 to RM 4.87, aligning with the unit’s size, furnishing status, and view.
3. Investment Perspective
Rental Yield
- Potential Yield: With rental prices peaking at RM 3,130 and sale prices averaging around RM 600,000, investors can expect competitive rental yields, making it an attractive investment opportunity.
Demand Drivers:
- Location: Situated near KLCC, tenants and owners benefit from proximity to major commercial and entertainment hubs.
- Amenities: High-quality amenities including a gym, pool, and security services add value.
- Lifestyle: Modern living spaces with contemporary design appeal to a lifestyle-focused demographic.
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