Residensi Kerinchi

Residensi Kerinchi is a residential project located in Bangsar South, Kuala Lumpur, developed by Suez Capital Sdn Bhd.

It offers 472 units of 3-bedroom, 2-bathroom apartments with a car park each, making it an ideal family residence.

Subsale Market Analysis

1. Transaction Prices

• Median Price: The median price for Residensi Kerinchi is RM 560,000[5].
• Price per Square Foot (PSF): The PSF for Residensi Kerinchi is RM 511/sqft, based on a 900 sqft unit[2].
• Market Trends: The area has seen significant development since 2005, transforming from a rural enclave to a commercial and residential hub. This development has contributed to the increase in property values[1].

2. Rental Prices

• Rental Range: The rental prices for Residensi Kerinchi range from RM 1,200 to RM 2,300 per month for a 900 sqft unit[3].
• Average Rental: The average rental cost for properties in Bangsar South, including Residensi Kerinchi, is RM 3,463 per month. However, specific units in Residensi Kerinchi are generally priced lower than this average[3].
• Rental Yield: While not explicitly stated, the rental yield can be estimated by comparing the annual rental income to the property’s purchase price. For a unit priced at RM 560,000 and rented at RM 2,000 per month, the gross rental yield would be approximately 4.3% per annum.

3. Key Points

• Location: Residensi Kerinchi is strategically located near major highways and public transport, including the Universiti LRT Station, making it an attractive option for commuters[5].
• Amenities: The development offers various amenities such as 24-hour security, swimming pools, children’s playground, surau, and landscaped gardens, enhancing its appeal for families[5].
• Developer: Developed by Suez Capital Sdn Bhd, Residensi Kerinchi has undergone significant transformation from its former state as Flat Empat Tingkat[5].

Sources:

• [1] www.edgeprop.my
• [2] www.edgeprop.my
• [3] www.propsocial.my
• [4] www.zillow.com
• [5] www.propertygenie.com.my