Pearl Point Condominium

  • Sub-sale price range is between RM210,000 and RM530,000
  • Price per Square Foot ranges from RM260 to RM412
  • Median Transacted Price is RM385,000
  • Rental Range is between RM1,800 and RM3,400
  • Rental Yield is approximately 5.46%
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Pearl Point Condominium is a luxurious residential development located in the vibrant Old Klang Road area of Kuala Lumpur.

Combining modern design with exceptional amenities, this condominium offers residents a sophisticated urban lifestyle with easy access to essential services and entertainment options.

Key Features:

  1. Prime Location:
    Situated along Old Klang Road, residents benefit from excellent connectivity to major highways, public transportation, and proximity to shopping centers, dining options, and educational institutions.
  2. Architectural Elegance:
    Featuring a sleek, contemporary design, Pearl Point Condominium boasts a variety of well-planned unit types, including one to three-bedroom apartments and penthouses, designed to maximize space and natural light.
  3. Comprehensive Amenities:
    Residents enjoy access to a range of facilities, including a fully-equipped gymnasium, swimming pool, children’s wading area, multipurpose function rooms, and beautifully landscaped gardens for relaxation and leisure.
  4. Enhanced Security:
    The condominium prioritizes resident safety with 24-hour surveillance, gated access, and a dedicated security team ensuring peace of mind for all homeowners.
  5. Investment Potential:
    With its strategic location and high demand for rental properties in the area, Pearl Point Condominium offers attractive investment opportunities with the potential for steady rental income and capital appreciation.
  6. Community Focus:
    The development fosters a strong sense of community through shared spaces that promote social interaction and various events that encourage resident engagement.
  7. Sustainable Living:
    Incorporating eco-friendly features, Pearl Point Condominium emphasizes sustainability with energy-efficient appliances, water conservation initiatives, and environmentally conscious practices throughout the property.

Explore the luxurious lifestyle offered by Pearl Point Condominium and discover your next home in the heart of Kuala Lumpur.

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Sub-Sale Market Analysis

The Pearl Point Condominium, located in the mature residential area of Old Klang Road, offers a mix of investment and living opportunities.

Here is a detailed analysis of its sub-sale market, focusing on transaction prices and rental yields:

  • Transaction Prices:
    • Price Range: The sub-sale price range for Pearl Point Condominium units is between RM210,000 and RM530,000[1].
    • Price per Square Foot: The price per square foot (psf) ranges from RM260 to RM412[1].
    • Median Transacted Price: The median transacted price is RM385,000 with a median transacted price per square foot of RM354[5].
  • Rental Prices:
    • Rental Range: The rental price range for Pearl Point Condominium units is between RM1,800 and RM3,400[1].
    • Rental Yield: The implied rental yield is approximately 5.46%[2].
  • Market Comparison:
    • Neighboring Properties: Other properties in the area, such as Commerce One and Menara K1, have higher rental yields at 5.93% and 5.63% respectively, but also come with higher price tags[1].
    • Historical High: The historical high price for a unit in Pearl Point Condominium was RM463 psf in February 2017 for a 2,486-sqft unit[2].
  • Investment Potential:
    • Tenant Profile: The condominium attracts a mix of foreign tenants and students, making it a viable investment option for rental income[1].
    • Location: Its strategic location above the Pearl Point shopping centre and Pearl International Hotel adds to its appeal for both investors and tenants[1].

In summary, Pearl Point Condominium offers a competitive sub-sale market with a range of transaction prices and rental yields that make it an attractive option for investors, particularly those looking to capitalize on rental income from foreign tenants and students.

However, it is essential to consider the broader market context and compare it with neighboring properties to make informed investment decisions.

Sources:

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Last updated on: December 15, 2024

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