Sentral Suites KL Sentral

Sentral Suites KL Sentral is a premier residential development located in the heart of Kuala Lumpur, Malaysia.

Developed by the esteemed UOA Development Bhd, this high-rise masterpiece combines luxury living with modern convenience. With its strategic location within the KL Sentral transportation hub, residents enjoy unparalleled connectivity to various parts of the city and beyond.

The development is designed to cater to the diverse lifestyles of its residents, offering a harmonious blend of relaxation, recreation, and community engagement.

Sub-Sale Market Analysis

1. Transaction Prices

• Median Transaction Price: The median transacted price for units at Sentral Suites ranges from RM 1,200 to RM 1,400 per square foot (psf). This range reflects the quality and desirability of the units available.
• Unit Price Ranges:

• • 1-Bedroom Units: Typically sized around 650 sq ft, these units are priced between RM 780,000 and RM 900,000, translating to an average price of about RM 1,200 to RM 1,400 psf.
  • 2-Bedroom Units: Larger units, approximately 850 sq ft, generally transact between RM 1,050,000 and RM 1,250,000.
  • 3-Bedroom Units: These units, usually around 1,100 sq ft in size, have transaction prices ranging from RM 1,300,000 to RM 1,500,000.
• Market Trends: Over the past year, transaction prices have experienced a steady increase due to rising demand for properties in this area. The limited supply of new residential developments further fuels this upward trend.
• Comparative Analysis: When compared to nearby developments in the KL Sentral area, Sentral Suites remains competitively priced. Its modern design and extensive amenities provide good value for money, contributing to its popularity among buyers.

2. Rental Prices

• Average Rental Prices:

• • Studio Units: Renting for around RM 2,200 to RM 2,800 per month.
  • 1-Bedroom Units: Typically priced between RM 2,800 and RM 3,500 per month.
  • 2-Bedroom Units: Generally fall within the rental range of RM 3,800 to RM 4,500 per month.
  • 3-Bedroom Units: These units can command rental prices upwards of RM 5,000 per month.
• Rental Yields: The estimated rental yield for properties within Sentral Suites is approximately 4% to 5%. This yield is attractive compared to other residential properties in the area and presents a solid investment opportunity.
• Tenant Demand: The appeal of Sentral Suites is bolstered by its proximity to major commercial centers and educational institutions. This has led to strong demand from young professionals and expatriates looking for convenient living arrangements.

3. Market Insights

• Strong Demand Dynamics: The combination of a prime location and modern amenities has resulted in heightened demand for both purchases and rentals at Sentral Suites. The excellent connectivity provided by KL Sentral enhances its attractiveness as a residential choice.
• Investment Potential: Given the ongoing urban development in Kuala Lumpur and the limited availability of new residential projects in the vicinity, properties like Sentral Suites are well-positioned for future capital appreciation.
• Community Living Appeal: The development fosters a sense of community through shared facilities and organized events. This aspect further enhances its desirability among potential buyers and tenants.
• Future Outlook: Continued improvements in transportation infrastructure and urban amenities in KL Sentral are expected to further elevate property values in the area.

4. Market Analysis:

• Sentral Suites was completed in 2022 and is still a relatively new project in the sub-sale market.
• There is strong demand for units in KL Sentral due to its strategic location and connectivity.
• KL Sentral is positioned as a prime residential address rivaling areas like Mont Kiara and Bangsar.
• The project benefits from being part of a transit-oriented development with excellent public transportation access.
• Future market performance is expected to be positive due to limited new supply in KL Sentral and continued demand for properties in the area.
• Compared to older projects in KL Sentral, Sentral Suites offers more efficient layouts and newer facilities at a relatively attractive price point.