Quill Residences, located in Quill City, Chow Kit, Kuala Lumpur, is a freehold condominium developed by Quill Group.

It consists of 552 units with built-up areas ranging from 667 sq ft to 1,475 sq ft. The project was completed in 2021.

1. Transaction Price Analysis

Launch Price: The launch price was approximately RM1,300 per sq ft[2].
Current Market Price: The current market prices range from RM890,000 to RM1,970,000, with the most popular layout being 1-bedroom/667 sq ft units priced at around RM1,340 per sq ft. The most expensive units are 2-bedroom/1,367 sq ft units priced at around RM1,440 per sq ft[2].
Recent Transactions: Recent sale listings show prices ranging from RM618,000 for a 667 sq ft unit to RM1,900,000 for a 1,367 sq ft unit[2].

2. Rental Price Analysis

Rental Yield: The current rental yield is around 5.08%, with the highest recorded yield being 5.7% in Q1 2024[2].
Rental Listings: Recent rental listings show prices ranging from RM2,599 to RM5,200 per month for units in Quill Residences. The average rental price is around RM3,543 per month[3].
Specific Listings: Listings include a 667 sq ft unit for RM3,000 per month, a 1,474 sq ft unit for RM5,200 per month, and a 732 sq ft unit for RM4,000 per month[3].

3. Market Trends

Market Performance: The Kuala Lumpur residential market has shown improvement in the first half of 2023, with the average price movement of high-rise residential units increasing across most sub-markets. This indicates a recovery from the pandemic setbacks and a rise in investor confidence[1].
Transaction Volumes: Transaction volumes for high-end high-rise residential properties in Kuala Lumpur increased by 35% YoY in 2022, with a total of 1,846 transactions recorded. The total transaction value also saw a 61% YoY increase to MYR4,165.00 million[1].
Supply and Demand: The total cumulative supply of high-rise residential units in Kuala Lumpur has increased by 12% CAGR from 22,763 units to 39,785 units over the last five years (2017-1H/2023). This elevated supply has had a negative impact on values, particularly in areas like KL City Centre, which have witnessed a constant decline in prices[1].