Stonor 3 is located in the prestigious Bukit Bintang area of Kuala Lumpur, Malaysia.

The project is developed by a renowned property developer known for creating luxurious and high-quality residential developments in Malaysia. Stonor 3 was completed in 2020, making it a relatively new addition to the Kuala Lumpur real estate market.

The project offers a variety of unit types, including:

Studio apartments
One-bedroom apartments
Two-bedroom apartments
Three-bedroom apartments

Units range in size from approximately 600 square feet for studios to over 1,300 square feet for three-bedroom units.

Sub-sale Market Analysis

1. Transaction Prices

Average Transaction Range: The average transaction price for units at Stonor 3 typically ranges from approximately RM1,100,000 to RM2,300,000. This translates to a price per square foot ranging from about RM733 to RM2,733.
Recent Transactions: In recent months, specific units have been sold for prices such as RM1,150,000 for a two-bedroom unit and RM1,950,000 for a larger three-bedroom unit, reflecting the premium nature of the property amidst a competitive market.
Market Comparisons: When compared to similar luxury developments in the Kuala Lumpur City Centre (KLCC) area, Stonor 3 maintains a competitive edge. Many newly launched developments in the vicinity are priced higher, often exceeding RM2,500 per square foot.

2. Rental Prices

The rental market for Stonor 3 has shown resilience despite broader market challenges, with demand remaining steady due to its prime location and luxury amenities.

Average Rental Range: Current rental prices for units in Stonor 3 range from RM4,000 to RM7,500 per month. This range depends on factors such as the size of the unit and its level of finish.
Rental Price Breakdown: For example, a typical two-bedroom unit of around 1,000 square feet may rent for approximately RM5,500 per month, which reflects a rental rate of about RM5.50 per square foot. Larger units with premium finishes can command higher rents, with some three-bedroom units reaching up to RM7,500 per month.
Gross Rental Yield: The gross rental yield for properties in Stonor 3 is estimated to be around 3.5% to 4%, which is considered attractive in the current economic climate. This yield is competitive when compared to other luxury condominiums in the KLCC area.

3. Market Trends and Insights

The sub-sale market for Stonor 3 is influenced by several key trends:

Demand vs. Supply: While there is a healthy demand for luxury properties in Kuala Lumpur, there has also been an oversupply of high-end condominiums. This has led to some price corrections in both the sale and rental markets.
Economic Factors: The overall economic environment, including the impact of the COVID-19 pandemic and subsequent recovery phases, has affected consumer confidence and purchasing power. However, luxury properties like Stonor 3 continue to attract interest due to their prime location and amenities.
Investment Appeal: Investors are increasingly looking towards established developments like Stonor 3 due to their potential for capital appreciation and stable rental income. The strategic location near major business districts and entertainment hubs adds to its appeal.
Future Projections: Analysts predict that as economic conditions improve and international travel resumes, there will be renewed interest in luxury properties in Kuala Lumpur. This could lead to an uptick in both transaction volumes and rental prices in the near future.