Residence 8

Residence 8 is a luxurious condominium development located in the vibrant area of Jalan Puchong, Old Klang Road, Kuala Lumpur.

Designed with modern living in mind, this premier residential complex offers a harmonious blend of comfort, convenience, and exceptional amenities, making it an ideal choice for individuals and families seeking a high-quality urban lifestyle.

Key Features:

• Prime Location: Strategically situated with easy access to major highways, shopping malls, educational institutions, and healthcare facilities, ensuring residents enjoy unparalleled convenience.
• Architectural Excellence: Thoughtfully designed units featuring large windows for natural light, spacious layouts, and high-quality finishes that enhance the overall living experience.
• Diverse Unit Options: A variety of unit types ranging from studio apartments to spacious three-bedroom configurations, catering to different lifestyle needs.
• Resort-Style Amenities: An impressive array of facilities including an infinity pool, fitness center, yoga studio, children’s playground, multipurpose hall, and dedicated sports courts.
• Enhanced Security: Comprehensive security measures including 24-hour surveillance, controlled access points, and professional security personnel to ensure residents’ peace of mind.
• Community-Centric Living: Regular community events and activities designed to foster social connections among residents and promote a sense of belonging.
• Sustainable Practices: Eco-friendly initiatives embedded within the development to encourage sustainable living among residents.
• Investment Potential: Strong rental demand and capital appreciation prospects make Residence 8 an attractive option for both homebuyers and real estate investors.

Residence 8 defines modern luxury living, providing an exceptional lifestyle enriched with convenience, security, and a vibrant community atmosphere.

Sub-Sale Market Analysis

1. Transaction Prices:
   • Median Transacted Price: The median transacted price for Residence 8 is reported to be around RM 570,000[3] and RM 551,500[4], indicating a slight variation in pricing depending on the source.
   • Price Range: The price range for sale in Residence 8 is between RM 495,500 and RM 763,500, with a price per square foot ranging from RM 385.18 to RM 632.36[5].
   • Sub-Sale Price: The subsale price of the units started from RM 630,000 and went as high as RM 740,000[2].
2. Rental Rates:
   • Rental Range: The rental range for Residence 8 is between RM 900 and RM 2,500, with a rental per square foot ranging from RM 1.27 to RM 3.95[5].
3. Market Context:
   • Central Region Performance: In the broader context of Kuala Lumpur and Selangor, residential properties have shown stable performance. The average all house price in Kuala Lumpur stood at RM 778,485, and in Selangor, it was RM 535,131 in 2023[1].
   • Rental Yield: The average rental yield for condominiums/apartments in the Central Region was in the range of 1.2% to 8.9%[1].

Key Points:

• Median Transacted Price: RM 570,000[3] and RM 551,500[4].
• Sub-Sale Price Range: RM 630,000 to RM 740,000[2].
• Rental Range: RM 900 to RM 2,500[5].
• Average House Price in Kuala Lumpur: RM 778,485[1].
• Average House Price in Selangor: RM 535,131[1].

Sources:

• [1] napic2.jpph.gov.my
• [2] www.propertyguru.com.my
• [3] www.propertygenie.com.my
• [4] www.iproperty.com.my
• [5] www.iproperty.com.my