Mirage Residence is a luxurious condominium development located in the prestigious Kuala Lumpur City Centre (KLCC) area, specifically on Jalan Yap Kwan Seng.

Completed in 2014, this exclusive property consists of two elegantly designed towers that house a total of 102 residential units.

The project offers a blend of modern architecture and upscale living, making it an attractive option for both homeowners and investors.

Key Features:

Prime Location: Situated in the heart of KLCC, Mirage Residence is in proximity to iconic landmarks such as the Petronas Twin Towers, major shopping malls like Suria KLCC, and a vibrant array of dining and entertainment options. The location ensures easy access to public transportation and major roadways, enhancing convenience for residents.
Luxurious Amenities: The development boasts an impressive range of facilities aimed at promoting a comfortable and active lifestyle. These amenities include a state-of-the-art gymnasium, an infinity swimming pool with stunning city views, a spa, a sauna, and dedicated children’s play areas. Additionally, residents can enjoy a private cinema and a well-appointed lounge area.
Architectural Excellence: Mirage Residence features contemporary architectural design with high-quality finishes. The units are thoughtfully designed with spacious layouts, large windows that allow natural light to flow in, and private balconies that offer breathtaking views of the city skyline.
Security and Privacy: The property emphasizes safety and peace of mind with a comprehensive security system that includes 24-hour surveillance, controlled access points, and on-site security personnel.

Sub-Sale Market Analysis

1. Transaction Prices:

The median transacted price of Mirage Residence is RM1,117.41 per sq ft over the last year, representing a year-on-year price increase of 2.8% [3].
Recent sale listings range from RM800,000 to RM1,914,240 [2][4].
The price range for units is between RM730,000 – RM3,000,000 [1].
Price per square foot ranges from RM587 – RM1,562 [1].
The most popular unit type (1-bedroom, 850 sq ft) has a median price of RM910 per sq ft [2].
The most expensive unit type (2-bedroom, 1,470 sq ft) has a median price of RM1,120 per sq ft [2].
The cheapest unit type (2-bedroom, 1,277 sq ft) has a median price of RM820 per sq ft [2].

2. Rental Prices:

Recent rental listings range from RM3,400 to RM6,200 per month [2].
Rental prices for 1-bedroom units start from around RM3,300-3,500 per month [2][17].
Larger 3-bedroom units can rent for RM5,000-6,000+ per month [2][6].

3. Rental Yield:

The current rental yield is around 4.6% [2].
This is up from 3.23% a year ago [2].
The highest recorded rental yield was 5.16% in Q1 2024 [2].

4. Sub Sale Market:

There are currently 119 listings for sale and 87 listings for rent [3].
The property appears to have good demand in the sub sale market based on the number of listings.
Prices and rents have shown moderate appreciation over the past year.
The rental market seems active with yields improving recently.