Setia Sky Residences is a prestigious high-rise condominium development strategically located in the heart of Kuala Lumpur, Malaysia.

Developed by the renowned S P Setia Group, this luxurious residential enclave consists of four striking towers, each rising 40 storeys above the bustling cityscape. Setia Sky Residences offers a sophisticated urban lifestyle with a focus on comfort, convenience, and elegant design.

Situated just minutes away from the iconic Petronas Twin Towers and the vibrant KLCC area, this development caters to discerning homebuyers and investors seeking unparalleled access to the city’s amenities and attractions.

Sub-Sale Market Analysis

1. Transaction Prices:

Market Price Range: The current market price range for Setia Sky Residences is between RM760,000 and RM1,500,000, with prices per square foot ranging from RM801 psf to RM1,150 psf[1][4].
Recent Sales: Recent sales listings show prices such as RM608,000 for a 872 sf unit, RM1,100,000 for a 1,281 sf unit, and RM2,050,000 for a 1,700 sf unit[1].
Price Trend: The prices have seen fluctuations, but the overall trend indicates a stable market with slight variations in pricing based on unit size and location.

2. Rental Prices:

Rental Range: The rental prices for Setia Sky Residences range from RM2,400 to RM9,500, with a rental yield of around 3.67% as of 2023[1][4].
Recent Rentals: Recent rental listings include RM3,000 for a 1,055 sf unit, RM4,000 for a 1,378 sf unit, and RM5,500 for a 1,701 sf unit[1].
Rental Yield Trend: The rental yield has seen a slight decrease from 3.79% in Q1 2023 to 3.67% currently, with the highest recorded yield being 4.89% in Q4 2015[1].

Setia Sky Residences 10 Setia Sky Residences 9 Setia Sky Residences 8 Setia Sky Residences 7 Setia Sky Residences 6 Setia Sky Residences 5 Setia Sky Residences 4 Setia Sky Residences 3 Setia Sky Residences 2

3. Market Analysis:

Stability: The sub-sale market for Setia Sky Residences shows stability in terms of transaction prices, with slight variations based on unit specifics.
Rental Market: The rental market indicates a steady demand, with prices reflecting the size and amenities of the units.
Investment Potential: The current rental yield suggests that investing in Setia Sky Residences could provide a moderate return, though it is essential to consider other factors such as maintenance costs and market trends.

Sources: