Palm Court Condominium is a leasehold property located in Brickfields, Kuala Lumpur.

It has 19 floors, with unit sizes ranging from 950 to 1,050 sq ft. Typical units feature 3 bedrooms and 2 to 3 bathrooms.

Facilities include a swimming pool, gym, BBQ area, mini market, and 24-hour security.

The property is well-located near public transportation, such as KL Sentral, and various medical facilities.

Over the past year, there has been a slight decrease in prices, with a year-on-year price drop of 3.8%.

1. Transaction Prices

The median transacted price for Palm Court Condominium is RM 380,000 with a median price of RM 396 per sq ft[4].
Recent transaction prices range from RM 350,000 to RM 495,000[4].
Specific recent transactions include:
- RM 495,000 for a 3-bedroom, 1,119 sq ft unit (RM 442 per sq ft)
- RM 390,000 for a 3-bedroom, 947 sq ft unit (RM 412 per sq ft)
- RM 360,000 for a 3-bedroom, 947 sq ft unit (RM 380 per sq ft)
- RM 380,000 for a 3-bedroom, 947 sq ft unit (RM 401 per sq ft)
- RM 400,000 for a 3-bedroom, 947 sq ft unit (RM 422 per sq ft)[4]
The price range for sale listings is RM 394,500 – RM 465,500 (RM 410.94 – RM 476.99 per sq ft)[6].
The capital growth is -6.25%, indicating some price depreciation[6].

2. Rental Prices

The rental price range is RM 1,873 – RM 2,800 per month (RM 1.85 – RM 2.93 per sq ft)[6].
Another source lists the rental range as RM 1,600 – RM 1,600 per month[3].
The estimated rental yield is 5.41%[3].

3. Market Analysis

There are currently 19 listings for sale and 24 listings for rent[6], indicating an active sub sale market.
Transaction prices show some variability but generally range from RM 350,000 to RM 500,000 for 3-bedroom units.
The median price of RM 396 per sq ft is relatively affordable for the Brickfields area.
Rental yields of over 5% suggest it may be an attractive option for investors.
However, the negative capital growth indicates some downward pressure on prices in recent years.

Sources: