Sky Suites KLCC is situated in the heart of Kuala Lumpur, Malaysia, adjacent to the iconic Petronas Twin Towers and the lush KLCC Park.

Sky Suites KLCC is a freehold serviced residence comprising luxury apartments. The project is developed by Binastra Group, a well-known developer in Malaysia recognized for its commitment to quality and innovative designs.

The development was completed in 2019, offering modern residences equipped with contemporary amenities.

The development features a total of 986 residential units spread across three 62-storey towers. The sizes typically range from approximately 650 sq ft to 1,200 sq ft, with configurations including 1-bedroom, 2-bedroom, and 3-bedroom apartments.

The location provides excellent connectivity through public transportation, including the nearby KLCC LRT station, making it easy for residents to navigate the city.

Sub-Sale Market Analysis

1. Transaction Prices

In the sub-sale market for Sky Suites KLCC, transaction prices can vary significantly based on unit size, floor level, and additional features.

Median Transaction Price: The current median transaction price for units in Sky Suites KLCC is approximately RM 1,001,700. This figure represents a general benchmark for potential buyers looking to invest in this property.
Price Range: The prices of individual units generally range from around RM 750,000 to RM 1,200,000. Factors such as unit size (which typically falls between 650 sq ft to over 1,000 sq ft), view, and floor level can influence these prices.
Price Per Square Foot: The average price per square foot (psf) is between RM 1,250 to RM 1,600, depending on the specific unit attributes. For instance, recent transactions have shown prices of approximately RM 1,328 per square foot for larger units.
Recent Transactions: Recent data indicates sales for units such as a 795 sq ft apartment going for around RM 1,050,000, and a slightly smaller unit at 678 sq ft listed for RM 930,000. These examples illustrate the variability within the sub-sale market based on size and condition.

2. Rental Prices

The rental market for Sky Suites KLCC also reflects the development’s desirability and location.

Average Rental Price: Rental prices typically range from RM 3,500 to RM 5,500 per month. This range is influenced by factors such as unit size, furnishings, view, and additional amenities.
Sample Rental Listings:
- A 2-bedroom unit (approximately 850 sq ft) may be available for around RM 4,000 per month.
- A larger 3-bedroom unit (approximately 1,200 sq ft) might be listed at around RM 5,500 per month.
Rental Yield: The average rental yield in the area is estimated to be around 4% to 5%, making it an attractive option for investors looking for steady returns. This yield is competitive compared to other luxury developments in Kuala Lumpur.

3. Market Trends

Demand Dynamics: The demand for high-end properties like Sky Suites KLCC remains strong, driven by both local and international buyers seeking luxury living spaces in prime locations. The proximity to major business districts and lifestyle amenities enhances the property’s appeal.
Investment Potential: With ongoing infrastructural developments in Kuala Lumpur and a growing expatriate community, Sky Suites KLCC presents a promising investment opportunity. The historical capital appreciation rates indicate that properties in this area tend to retain their value well over time.
Economic Factors: While the property market has experienced fluctuations due to economic uncertainties, high-demand areas like KLCC are generally more resilient. Investors should consider macroeconomic indicators and local property trends when evaluating entry points into the market.