Parkview Serviced Apartment, located in the heart of Kuala Lumpur City Centre (KLCC), is a freehold condominium completed in 2006.

It consists of 41 floors with a total of 417 units, offering various built-up sizes ranging from 450 sq. ft. to 1,636 sq. ft.

Parkview Serviced Apartment Kuala Lumpur 14

1. Transaction Price:

Price Range: The sale prices of units in Parkview Serviced Apartment vary significantly, with recent transactions indicating a range from RM 388,000 to RM 880,000, depending on the size and type of unit[2].
Price per Square Foot (PSF): The PSF prices range from RM 581 to RM 1,071, with a median transacted price of approximately RM 793 per sq. ft.[1][3].
Capital Growth: The development has shown a capital growth of 8.5%[1].

2. Rental Price:

Rental Range: The rental prices for units in Parkview Serviced Apartment start from RM 1,900 per month for smaller units and can go up to RM 3,500 per month for larger units[2][3].
Rental Yield: The rental yield in the KLCC area, where Parkview Serviced Apartment is located, generally ranges from 3% to 3.5%[4].

3. Market Insights:

Market Trend: The KLCC area has seen a slight downward trend in prices due to high supply, with luxury serviced apartment owners reducing asking prices[4].
Rental Market Stability: Despite the overall market trends, the rental market in KLCC remains stable due to its prime location[4].
Investment Value: High-rise properties in prime locations like KLCC have significant investment value, with historical data showing substantial capital appreciation over the years[4].

Sources: