SkyLuxe On The Park, located in Bukit Jalil, Kuala Lumpur, is a freehold condominium developed by SkyWorld Group.

Completed in 2020, it offers 477 residential units across two towers, with built-up sizes ranging from 661 sq. ft. to 1,224 sq. ft.

The development is known for its modern architectural design, green initiatives, and proximity to premier amenities such as the Bukit Jalil Recreational Park, Golf and Country Club, and Pavilion Bukit Jalil.

Sub-Sale Market Analysis

1. Transaction Price:

Launch Prices: Started from RM605,000[4].
Current Sale Prices: Range from RM887,500 for a 1002.75 sq. ft. unit to over RM1,500,000 for larger units[2][5].
Price per Square Foot (psf): Varies from RM416 psf to RM1,440 psf[4].

2. Rental Price:

Rental Range: From RM1,800 to RM3,600 per month[3].
Rental Yield: Approximately 4.9% based on the property’s value[1].
Specific Rental Listings:
- 661 sq. ft. corner lot: RM2,300 per month[3].
- 1,056 sq. ft. unit: RM3,800 per month[3].
- 1000 sq. ft. unit: RM3,000 per month[3].

3. Market Analysis:

Comparative Analysis: When compared to other properties in the area, SkyLuxe On The Park’s rental yield is competitive, with a yield of 4.9% compared to other properties like Twin Arkz (3.53%), Laman Bayu (7.78%), and Covillea (4.33%)[4].
Accessibility and Amenities: The development benefits from its proximity to the Bukit Jalil Golf & Country Resort, Bukit Jalil Recreational Park, and the National Sports Complex, along with easy access to major highways and LRT services[4].
Facilities: Offers a range of modern facilities including a sky terrace, sky garden, infinity pool, wading pool, floating gym, jacuzzi, pool deck, sculpture pavilion, and floating cocoon, enhancing its appeal to potential buyers and renters[4].

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