Spring Avenue Service Residences is a modern condominium development located in the vibrant Kuchai Lama neighborhood of Kuala Lumpur.

Designed for those seeking a balanced urban lifestyle, this property combines convenience, comfort, and community, making it an ideal choice for young professionals, families, and investors.

With its strategic location and comprehensive amenities, Spring Avenue offers residents an engaging living experience in the heart of the city.

Features

Strategic Location: Conveniently situated in Kuchai Lama, with easy access to major highways and public transportation options, including the Kuchai Lama LRT station.
Diverse Unit Types: Offers a variety of residential units, from studio apartments to spacious 3-bedroom units, catering to different lifestyle needs.
Comprehensive Amenities: Residents can enjoy a range of facilities, including a swimming pool, gymnasium, children’s playground, and multipurpose hall.
24-Hour Security: Enhanced safety features ensure peace of mind for all residents with a reliable security system in place.
Modern Design: Units are thoughtfully designed with functional layouts, ample natural light, and many include balconies for added outdoor space.
Vibrant Community: The neighborhood is filled with dining options, shopping centers, and entertainment venues, creating a lively atmosphere for residents to enjoy.
Sustainable Features: Incorporates eco-friendly design elements, such as energy-efficient appliances and water-saving fixtures, promoting a greener lifestyle.
Investment Potential: Positioned in a growing area with strong demand, making it an attractive option for both owner-occupiers and investors looking for long-term value.

Sub Sale Market Analysis

1. Transaction Prices

The transaction prices for Spring Avenue reflect a healthy market, with a notable range that caters to different buyer preferences:

Price Range for Sale: The sale prices of units at Spring Avenue currently range from RM 458,000 to RM 548,300. This pricing indicates a competitive market for both first-time home buyers and investors seeking rental properties.
Price per Square Foot: The price per square foot ranges from RM 464.50 to RM 558.75. This price per square foot provides potential buyers with a clearer understanding of the value they are getting based on unit size and features.
Market Availability: There are currently 38 units for sale, showcasing a variety of options for potential buyers. This availability suggests a vibrant market where buyers have the flexibility to choose based on their specific needs and budget.

2. Rental Prices

The rental market for Spring Avenue is equally dynamic, with competitive pricing that reflects the demand for quality living spaces in the area:

Price Range for Rent: The rental prices for units at Spring Avenue range from RM 1,700 to RM 2,140 per month. This range indicates that there are options available for different renter demographics, including young professionals and families.
Price per Square Foot: The rental price per square foot varies between RM 1.72 to RM 2.15. This pricing structure helps potential renters gauge the cost-effectiveness of renting a unit based on its size and location within the development.
Market Availability: Currently, there are 7 units available for rent, which suggests a moderate supply in the rental market. This availability can provide tenants with choices that fit their lifestyle and budget.

3. Comparative Analysis

To better understand the competitive landscape of the sub-sale market for Spring Avenue Service Residences, it is useful to compare it with other developments in the Kuchai Lama area.

Here’s how Spring Avenue compares to two notable competitors:

1. Kuchai Avenue Residence:

Transaction Prices: Studio apartments start around MYR 300,000, while larger units range from MYR 400,000 to MYR 600,000.
Rental Prices: Typically lower than Spring Avenue; studio units may rent for around MYR 1,000 to MYR 1,200 per month.
Market Position: This development attracts budget-conscious buyers but may lack some of the modern amenities found in Spring Avenue.

2. The Scott Garden:

Transaction Prices: Higher price point with 1-bedroom apartments starting at around MYR 550,000 and larger units exceeding MYR 1 million.
Rental Prices: Higher rental rates are evident here; 1-bedroom apartments typically rent for MYR 2,200 to MYR 2,800.
Market Position: The Scott Garden has an established reputation and offers diverse lifestyle amenities, though at a premium price compared to Spring Avenue.