Parkhill Residence, located in Bukit Jalil, Kuala Lumpur, is a condominium project that has been a subject of interest for both buyers and renters.
Here is a comprehensive analysis of its sub-sale market, focusing on transaction prices and rental prices.
Sub Sale Market Analysis
1. Transaction Prices:
- Launch Price: The launch price for units in Parkhill Residence was around RM300,000 for the base model, with larger units and those with additional car parks costing more. For instance, a unit with 2 car parks was priced at RM330,000, indicating a RM30,000 premium for the extra parking slot[1].
- Current Market Price: The current market prices for Parkhill Residence units vary, but listings show prices ranging from RM555,000 to RM680,000, which translates to approximately RM500 per square foot[4]. Another source indicates a broader price range of RM455 psf to RM546 psf, with an average price of RM501 psf[5].
2. Rental Prices:
- Rental Range: The rental prices for Parkhill Residence units are diverse, reflecting the variety in unit sizes and furnishings. Rentals range from RM750 for a room to RM2,600 for a whole unit, with the average rental price being around RM1,653[3].
- Rental Yield: The rental yield for Parkhill Residence is approximately 4.87%, indicating a moderate return on investment for property owners[5].
3. Key Points:
- Unit Sizes: Units in Parkhill Residence typically range from 1,100 sqft to 1,300 sqft, with 3 bedrooms and 2 bathrooms[3][4].
- Facilities: The project offers extensive facilities, including a horizon infinity pool, lazy pool, floating pavilion, Jacuzzi pavilion, floating gymnasium, wading pool, waterspout, jigsaw maze garden, reading pavilion, putting green, interactive sculpture garden, and reflective pond[3].
- Accessibility: Parkhill Residence is strategically located with access to major highways such as the Bukit Jalil Highway, Shah Alam Expressway (KESAS), Maju Expressway (MEX), and Kuala Lumpur-Seremban Highway[3].
Sources:
- [1]Â forum.lowyat.net
- [2]Â www.edgeprop.my
- [3]Â www.propsocial.my
- [4]Â www.propertyguru.com.my
- [5]Â www.edgeprop.my
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