The Face Suites, also known as Platinum Suites, is a prestigious serviced residence located in the heart of Kuala Lumpur’s bustling KLCC (Kuala Lumpur City Center).

This development is designed to offer residents a luxurious lifestyle with a blend of modern amenities and convenience.

Key Information

Location: KLCC, Kuala Lumpur, Malaysia
Completion Year: 2015
Developer: The Face Group
Property Type: Serviced Residence / Condominium
Total Floors: 51
Total Units: 733
Unit Types:
- 1-bedroom units
- 2-bedroom units
- 3-bedroom units
Built-Up Sizes: Ranging from approximately 550 sq ft to over 1,600 sq ft

Unique Selling Points

Prime Location: Situated in the KLCC area, residents have immediate access to major attractions, shopping malls, fine dining, and cultural landmarks.
Luxury Living: The development features high-end finishes and modern designs, ensuring a sophisticated living environment.
Investment Potential: The Face Suites is a popular choice among investors due to its strong rental yields and capital appreciation potential in a highly sought-after area.

Sub-sale Market Analysis

1. Transaction Prices

The median transacted price for Platinum Suites (The Face Suites) is RM 2,123,000[10].
The median transacted price per square foot is RM 1,882[10].
Transaction prices range from approximately RM 878,000 to over RM 2.9 million, depending on unit size and specifications[1][4].
Price per square foot ranges from about RM 1,814 to RM 2,204[2][4].
There has been a slight price decrease of 0.63% in capital growth recently[1].

2. Rental Prices

Rental prices start from around RM 3,900 to RM 9,000 per month.
Rental rates range from approximately RM 3.79 to RM 3.85 per square foot per month[3].
A 1,055 sq ft fully furnished unit rents for about RM 4,000 per month[3].
A 910 sq ft fully furnished unit rents for around RM 3,500 per month[3].

3. Market Analysis

There is currently an oversupply of luxury condos in Kuala Lumpur, putting downward pressure on prices[5].
Luxury condo prices in KL dropped up to 5% in 2024 due to this oversupply[5].
However, The Face Suites remains popular due to its prime KLCC location and high-end amenities[6][7].
It attracts both local buyers/renters and expatriates due to its hotel-like services and facilities[6][7].
The development has 733 units across 51 floors, offering a range of 1-3 bedroom configurations[1][9].
Built-up sizes range from approximately 550 sq ft to over 1,600 sq ft[2][4][9].