Suria Pantai Residency

Suria Pantai Residency is a leasehold residential project developed by IJM Land Berhad, located in Pantai Sentral Park, Kuala Lumpur.

It consists of a single 34-story block with 896 residential units, each with a built-up area of 810 sq ft and a layout of 3 bedrooms and 2 bathrooms.

Sub-Sale Market Analysis

1. Transaction Price:

• Launch Price: The project was launched at RM275,000 per unit, which translates to approximately RM340 psf[2][5].
• Current Selling Price: The current selling price for Suria Pantai Residency units is from RM300,000, which is about RM371.75 psf[3].

2. Rental Price:

• Rental Range: The rental prices for Suria Pantai Residency units range from RM1,299 to RM2,100 per month[2].
• Average Rental Price: The average rental price is approximately RM1,699 per month[2].

3. Market Analysis:

• Sub-Sale Market: The sub-sale market for Suria Pantai Residency indicates a moderate demand, with several units available for rent and sale. The project’s central location, connectivity to major highways, and proximity to amenities like Bangsar South, Mid Valley City, and the Bukit Kerinchi Forest Park contribute to its appeal[2][5].
• Rental Yield: Based on the average rental price and the current selling price, the rental yield for Suria Pantai Residency can be estimated. For example, using the average rental price of RM1,699 and the selling price of RM300,000, the gross rental yield would be approximately 6.8% per annum.
• Market Outlook: The Klang Valley residential market, where Suria Pantai Residency is located, faced a slowdown in 2020 due to the COVID-19 pandemic, with transaction activities dropping by 15% to 20% in volume and value[4]. However, the market is anticipated to rebound gradually, which could positively impact the sub-sale market for Suria Pantai Residency.

Sources:

• [1] www.rahim-co.com
• [2] www.propsocial.my
• [3] www.propertyguru.com.my
• [4] cbre-wtw.com.my
• [5] www.propertygenie.com.my