Panorama KLCC is regarded as a high-end luxury condominium in a prime KLCC location.
Completed in 2011, it features 223 units across 33 floors. Unit sizes range from 592 sq ft to 1,819 sq ft.
It is a freehold property, enhancing its value.
The condominium offers amenities such as a gym, pool, sauna, and 24-hour security. Its proximity to KLCC, public transit, and amenities makes it highly desirable.
Prices are on the higher end for the KLCC area, with some listings exceeding RM1,500 per sq ft.
Sub-Sale Market Analysis
1. Transaction Prices
- Average Prices: The average transaction price for units in Panorama KLCC ranges from RM1,200,000 to RM2,500,000 depending on the unit size and specifications.
- Price per Square Foot: The price per square foot (psf) varies significantly based on factors such as floor level and view. Generally, prices range from:
- Smaller Units (around 600 sq ft): Approximately RM1,200 to RM1,500 psf.
- Larger Units (up to 1,800 sq ft): Can command prices ranging from RM1,500 to RM2,000 psf.
2. Rental Prices
- Rental Range: Monthly rental prices typically range from RM3,000 to RM8,800:
- For Smaller Units: A 603 sq ft unit may rent for approximately RM3,000 to RM3,500 per month.
- For Larger Units: A spacious 1,800 sq ft unit can demand rental rates between RM7,300 and RM8,800 per month.
3. Market Trends
- Location: Being in close proximity to major business districts, shopping centers, and cultural landmarks makes Panorama KLCC a prime location for professionals and expatriates.
- Amenities: The condominium offers a range of amenities including a swimming pool, gym, and security services. These features enhance the living experience and attract potential tenants and buyers.
- Investment Appeal: The combination of location, quality of living, and rental returns positions Panorama KLCC as a compelling investment opportunity. With property values in KLCC steadily appreciating over the years due to ongoing urban development, investors are likely to find favorable long-term returns.
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