Petalz Residences is a luxurious serviced residence located in the vibrant Old Klang Road area of Kuala Lumpur.
Developed by Exsim Development, this elegant property combines modern architecture with exceptional amenities, offering a refined living experience for residents.
With its strategic location and thoughtful design, Petalz Residences is ideal for those seeking a comfortable home or a sound investment opportunity.
Key Features:
- Prime Location: Conveniently situated along Old Klang Road, providing easy access to major highways and public transportation.
- Diverse Unit Options: Offers a range of residential units, including spacious studio apartments and three-bedroom suites, catering to various lifestyles and family sizes.
- Modern Design: Meticulously crafted interiors featuring high ceilings, premium finishes, and expansive layouts that maximize natural light and space.
- Comprehensive Amenities: Includes a well-equipped gymnasium, swimming pool, jogging track, children’s playground, and a residents’ lounge for leisure and social gatherings.
- Lifestyle Convenience: On-site retail podium with shops and dining options, ensuring that everyday needs are easily met.
- Enhanced Security: 24-hour security surveillance, gated access, and a well-designed traffic flow system to ensure residents’ safety.
- Investment Potential: Strong rental yields and capital appreciation potential due to the desirable location and ongoing development in the area.
Petalz Residences offers a unique blend of luxury, convenience, and community living, making it an attractive choice for both homeowners and investors.
Sub Sale Market Analysis
Petalz Residences, located on Jalan Klang Lama (Old Klang Road), is a serviced residence that offers excellent connectivity to Petaling Jaya, Bandar Sunway, and Kuala Lumpur City Centre (KLCC).
Here is a detailed analysis of its sub-sale market on transaction prices and rental yields:
- Transaction Prices:
- Median Transacted Price: The median transacted price for Petalz Residences is RM 632,500, with a median price per square foot of RM 625[5].
- Price Range: The sold price range for Petalz Residences is between RM 610 psf and RM 674 psf, with an average price of RM 652 psf[1].
- Rental Market:
- Rental Yield: The rental yield for Petalz Residences is approximately 4.73%, indicating a moderate return on investment for property owners[1].
- Rental Prices: While specific rental prices are not provided in the sources, the rental yield suggests that the property can generate a decent income relative to its value.
- Market Insights:
- Location: The property’s central location on Jalan Klang Lama provides easy access to major highways like Lebuhraya Damansara-Puchong (LDP) and the Salak South Highway, making it convenient for residents to commute to various parts of Kuala Lumpur and Petaling Jaya[1].
- Amenities: The area is known for its diverse dining options, including BBQ Thai restaurants, Japanese eateries, and local food stalls. Additionally, Scott Garden, a popular after-work hangout spot, and a neighborhood wet market are nearby, enhancing the living experience for residents[1].
- Environmental Considerations:
- Green Building Index (GBI) Certification: Petalz Residences aims to achieve the Green Building Index (GBI) Certification, which reflects its commitment to reducing environmental impact[1].
In summary, Petalz Residences offers a balanced mix of connectivity, amenities, and potential for capital appreciation, making it an attractive option for both investors and end-users.
However, the constant traffic congestion on Jalan Klang Lama may be a drawback for some potential buyers.
Sources:
- [1] https://www.edgeprop.my/condo/petalz-residences-13418
- [5] https://www.iproperty.com.my/transaction-price/residential/kuala-lumpur/jalan-klang-lama-old-klang-road/petalz-residences-pty_65240/
Sources:
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