Pantai Hillpark Phase 3 is a condominium development located in Pantai Dalam/Kerinchi, Kuala Lumpur.
The project features low to medium height blocks with a low density of only 2 units per floor, offering a more exclusive living environment compared to other phases like Pantai Hillpark 1.
Subsale Market Analysis
1. Transaction Price:
- Selling Price Range:Â The selling price for units in Pantai Hillpark Phase 3 ranges from RM550,000 to RM795,000, with a price per square foot (psf) of RM392 to RM555[1].
- Average Transacted Price:Â The average transacted price per square foot for Pantai Hillpark (including all phases) is around RM396 psf, based on data from the past 4 years[2].
2. Rental Price:
- Rental Range:Â The rental price for units in Pantai Hillpark Phase 3 can range from RM1,600 to RM2,600 per month[1][3].
- Rental Yield:Â The rental yield for Pantai Hillpark is approximately 2.92% to 5%, indicating a moderate return on investment for property owners[1][2].
3. Market Trends:
- Property Market Review 2023-2024:Â The Malaysian property market showed a moderate growth in 2023, with transaction activities returning to pre-pandemic levels. The residential sector saw a steady increase in transactions, with established neighborhoods displaying better growth compared to speculation-driven hotspots[4].
- Market Sentiment:Â Despite economic growth, market sentiments remain cautious due to concerns over global geopolitical stability, inflation, and affordability issues[4].
Key Points:
- Selling Price Range:Â RM550,000 to RM795,000
- Price per Square Foot:Â RM392 to RM555
- Rental Price Range:Â RM1,600 to RM2,600 per month
- Rental Yield:Â 2.92% to 5%
- Market Trend:Â Moderate growth with cautious market sentiments.
Sources:
- [1]Â www.propsocial.my
- [2]Â www.edgeprop.my
- [3]Â www.propertyguru.com.my
- [4]Â www.mdbc.com.my
- [5]Â www.iproperty.com.my
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