Millerz Square Old Klang Road

Millerz Square is a modern mixed-use development located on the bustling Old Klang Road in Kuala Lumpur, Malaysia.

This vibrant community offers a unique blend of residential living, commercial spaces, and leisure amenities, catering to the diverse needs of its residents and visitors.

With its strategic location, Millerz Square is well-connected to major transportation hubs and key attractions in the city, making it an ideal choice for those seeking a dynamic urban lifestyle.

Features:

• Diverse Residential Options: Millerz Square features a mix of serviced apartments and condominiums, providing ample choices for individuals, families, and investors. The units are designed with modern finishes and functional layouts to enhance comfort and convenience.
• Comprehensive Amenities: Residents can enjoy a range of on-site facilities, including a fully equipped gymnasium, swimming pool, landscaped gardens, and multi-purpose function rooms. These amenities promote a healthy and active lifestyle within the community.
• Vibrant Commercial Spaces: The development includes a variety of dining and retail options, from trendy cafes to specialty shops. This creates a lively atmosphere where residents can socialize, shop, and indulge in culinary delights without leaving the premises.
• Community-Focused Environment: Millerz Square fosters a strong sense of community through organized events, recreational activities, and thoughtfully designed common areas that encourage interaction among residents.
• Sustainable Living Initiatives: Emphasizing eco-friendliness, Millerz Square incorporates sustainable design elements and encourages residents to adopt greener practices, making it a forward-thinking choice for modern living.
• Strategic Location: Conveniently situated along Old Klang Road, Millerz Square boasts excellent connectivity to major highways, public transportation options, and nearby commercial hubs, ensuring easy access to the vibrant city life.

Millerz Square represents an ideal blend of modern living, community engagement, and urban convenience, making it a highly desirable destination for homebuyers and investors alike.

Subsale Market Analysis

(Last updated on 20 November 2024)

1. Market Overview

Kuala Lumpur’s real estate market has been evolving, influenced by urbanization trends and increasing demand for accessible living spaces.

Developments like Millerz Square cater to this demand by offering a blend of residential, commercial, and leisure facilities, making it an attractive option for potential buyers.

2. Transaction Prices

1. Current Transaction Prices: The subsale market for Millerz Square has shown competitive pricing trends.
2. Based on recent listings and transactions, the average prices for various unit types are as follows:
   • One-bedroom units: Approximately RM 400,000 to RM 500,000.
   • Two-bedroom units: Range from RM 550,000 to RM 700,000.
   • Three-bedroom units: Generally priced between RM 800,000 and RM 1 million.
3. Price Trends: Over the past year, transaction prices for units in Millerz Square have experienced a steady increase. This trend is indicative of the development’s growing popularity and the overall demand for properties in the area. The combination of competitive pricing and desirable amenities contributes to this upward momentum.
4. Comparative Analysis: To assess whether Millerz Square offers competitive pricing, it is essential to compare these transaction prices with similar developments in the vicinity. For instance, nearby projects may have higher or lower price points based on their features, location, and amenities. Conducting this comparative analysis can provide buyers with valuable information when considering their options.

3. Rental Market Comparison

1. Current Rental Prices: The rental market for Millerz Square has also been robust, with rental rates reflecting the demand for residential units in the development.The average monthly rental prices are as follows:
   • One-bedroom units: Approximately RM 1,600 to RM 2,000.
   • Two-bedroom units: Range from RM 2,400 to RM 3,000.
   • Three-bedroom units: Typically priced between RM 3,200 and RM 4,000.
2. Rental Yield Analysis: For investors, understanding rental yields is crucial. The rental yield can be calculated using the following formula: Rental Yield=(Annual Rent /Property Value)×100.  Using an example of a two-bedroom unit purchased at RM 600,000 with an average annual rental income of RM 30,000 (RM 2,500 per month), the rental yield would be:Rental Yield=(30,000 / 600,000)×100=5%. This yield is considered attractive in the current market context and indicates a solid investment potential.
3. Market Dynamics: The strong rental demand at Millerz Square can be attributed to its appealing location along Old Klang Road, which offers convenient access to public transportation, commercial areas, and educational institutions. This accessibility makes it particularly attractive to young professionals and expatriates seeking urban living options.

4. Demand and Supply Dynamics

1. Buyer Interest: There has been a significant level of interest in properties at Millerz Square due to its strategic location and comprehensive amenities. This interest further supports the upward trend in transaction prices.
2. Supply Levels: The availability of units in the subsale market plays a critical role in determining pricing dynamics. A limited supply of units can create upward pressure on prices as demand continues to outpace availability.

5. Investment Potential

1. Long-term Value: Investing in properties at Millerz Square represents a viable long-term strategy due to expected growth in property values driven by ongoing urban development and infrastructure improvements in the surrounding area.
2. Market Sentiment: Positive market sentiment surrounding urban living continues to drive interest in developments like Millerz Square. Staying informed about economic indicators and government policies related to property ownership can aid investors in making well-informed decisions.

Conclusion

The subsale market at Millerz Square presents a compelling opportunity for both homebuyers and investors.

With average transaction prices ranging from RM 400,000 to RM 1 million depending on unit size and type, combined with attractive rental rates that yield approximately 5%, Millerz Square offers a unique proposition for modern urban living.

By analyzing transaction prices alongside rental comparisons, prospective buyers can make informed decisions regarding their investment options.

With its strategic location, diverse offerings, and strong demand dynamics, Millerz Square stands out as an excellent choice for those looking to enter the vibrant Kuala Lumpur real estate market.