Residency V is a modern serviced residence located along Old Klang Road in Kuala Lumpur, Malaysia.
This development offers a unique blend of contemporary living, exceptional amenities, and strategic accessibility, making it an ideal choice for both urban dwellers and investors.
With its thoughtfully designed residences and vibrant community atmosphere, Residency V is poised to redefine urban living in the heart of the city.
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Key Features:
- Diverse Residential Options:
- Offers a variety of unit types including studio apartments, 1-bedroom, 2-bedroom, and 3-bedroom configurations to cater to different lifestyles and preferences.
- Quality Design and Finishes:
- Each unit is designed with high-quality finishes and fittings, providing a luxurious and comfortable living environment.
- Thoughtful layouts maximize space and natural light, enhancing the overall living experience.
- Comprehensive Amenities:
- Features a well-equipped gymnasium, swimming pool, children’s playground, and multipurpose hall for social gatherings.
- Includes a co-working space for residents seeking a blend of work and life within the same premises.
- 24-Hour Security:
- Equipped with advanced security measures including CCTV surveillance and controlled access points, ensuring the safety of residents.
- Professional Property Management:
- A dedicated team oversees the maintenance and cleanliness of common areas, ensuring a well-maintained living environment.
- Exceptional Connectivity:
- Strategically located with easy access to major highways such as the Federal Highway and New Pantai Expressway.
- Close proximity to LRT and MRT stations for convenient public transportation options.
- Walkable Neighborhood:
- Situated in a vibrant area with easy access to local eateries, shopping malls, and entertainment options, promoting an active lifestyle.
- Investment Potential:
- Located in a rapidly developing area with increasing property values and strong rental demand, offering attractive investment opportunities.
Residency V stands out as a premier choice for those seeking an urban lifestyle without compromising on comfort or convenience.
Its combination of modern design, comprehensive amenities, and strategic location makes it a valuable asset for both homeowners and investors alike.
Sub-Sale Market Analysis
- Market Performance:
- Transaction Volume and Value:Â The overall residential property market in Malaysia saw a year-on-year (YoY) growth of 1.3% in transaction volume and 3.5% in transaction value in the first nine months of 2023, indicating a positive trend[1].
- Specific to Residency V:Â The development, completed in July 2017, features units with 1 or 2 bedrooms, primarily targeting bachelors and investors. The sizes range from 645 sq ft to 909 sq ft, priced between RM641,200 and RM1,691,200[2].
- Pricing and Yield:
- Pricing:Â The average selling price per square foot (psf) for Residency V ranges from RM92 psf to RM868 psf, with a notable variation in pricing depending on the unit size and location within the development[2].
- Rental Yield:Â The average rental yield for Residency V is 6.14%, which is relatively high compared to other properties in the area, such as Commerce One (5.93%) and Menara K1 (5.63%)[2].
- Market Demand:
- Demand for Small Units:Â The smaller unit sizes in Residency V cater to the demand for more affordable and easier-to-rent-out properties, particularly among bachelors and investors[2].
- Connectivity: The development’s strategic location, with access to multiple highways (Federal Highway, Smart Tunnel, Seremban Highway, Maju Expressway, North-South Highway, and New Klang Valley Expressway), enhances its appeal to potential buyers and renters[2].
- Comparative Analysis:
- New Projects: New developments in the Klang Valley, such as Lofthill Residence, Sunway D’Hill Residences, and ANYA at Shorea Park, offer competitive pricing and amenities, which may influence the sub-sale market of Residency V[3].
- Market Trends:Â The overall residential market in Malaysia is cautiously optimistic, with increased sales volume and new property launches, supported by government initiatives and incentives[1].
Sources:
- [1]Â www.retalkasia.com
- [2]Â www.propsocial.my
- [3]Â www.metproperty.com
- [4]Â www.iproperty.com.my
- [5]Â www.propertyguru.com.my
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