Star Residences One

Star Residences One is a freehold serviced residence completed in 2019.

It features 557 units in a 57-storey tower.

Unit sizes range from 625 sq ft to over 2,000 sq ft.

The current rental yield is approximately 4.12%. There are currently 171 listings for sale and 135 listings for rent in the building.

It is located in the prime KLCC area, within walking distance of major attractions and public transit. Facilities include a pool, gym, spa, sauna, and other luxury amenities.

Key Features

• Total Units: Approximately 557 residential units within a single high-rise tower.
• Unit Types: Offers a range of unit types including:
  • Studio apartments
  • 1-bedroom units
  • 2-bedroom units
  • 3-bedroom units
• Unit Sizes: Ranging from around 625 sq ft to over 2,000 sq ft, catering to various lifestyle needs.

Amenities

• Recreational Facilities:
  • Swimming pool
  • Fully equipped gymnasium
  • Sauna and steam room
  • Children’s playground
  • Landscaped gardens
• Community Spaces:
  • Multipurpose hall for events and gatherings
  • Relaxation areas for residents
• Security Features:
  • 24-hour security personnel
  • CCTV surveillance
  • Access control systems for enhanced safety
• Convenience Services:
  • Concierge service
  • Ample parking facilities

Location Benefits

• Prime Location: Situated in the heart of KLCC, providing easy access to shopping malls, dining, entertainment, and cultural attractions.
• Transportation: Well-connected to public transport options, including LRT stations and major roadways, facilitating seamless commuting.

Sub Sale Market Analysis

1. Transaction Prices

As of the latest data:

• Price Range: The sale prices for units typically range from RM980,000 to RM2.01 million.
• Average Price per Square Foot: Transaction prices can range from approximately RM1,546 to RM2,223 per square foot. The average price per square foot is around RM1,916.
• Recent Transactions: Recent sales have shown a steady interest in larger units, with 2-bedroom and 3-bedroom configurations being particularly sought after due to their spacious layouts and family-friendly designs.

2. Rental Prices

The rental market for Star Residences One has also demonstrated resilience and growth, making it a viable option for investors seeking rental income.

• Rental Price Range: Rental prices for units in Star Residences One range from RM2,300 to RM4,500 per month, depending on the size and specific features of the unit.
• Rental Price per Square Foot: The average rental price is approximately RM7.21 per square foot, reflecting the premium nature of the property and its location.
• Rental Yield: The rental yield for properties in this development is estimated to be around 4.12%, which is competitive for high-end developments in Kuala Lumpur.

3. Market Trends

• Demand Dynamics: The demand for both purchase and rental units has been bolstered by the property’s strategic location near key business districts, shopping centers, and public transportation.
• Post-Pandemic Recovery: Following a dip during the COVID-19 pandemic, the sub-sale market has shown signs of recovery, with increased transaction activity and stable rental rates.
• Investment Appeal: Investors are drawn to Star Residences One due to its luxurious amenities that include a gym, swimming pool, landscaped gardens, and 24-hour security services, enhancing its appeal as a desirable living space.
• Family-Friendly Features: The presence of family-oriented amenities has attracted young families looking for quality living environments, contributing to sustained demand in the market.