The Horizon Residences, a luxury serviced apartment project located in Kuala Lumpur, offers a range of units with built-up areas from 549 sq ft to 2,551 sq ft for typical units and 3,552 sq ft to 4,316 sq ft for penthouses.

Sub-Sale Market Analysis

1. Transaction Prices:

Transaction Data: Recent transactions at The Horizon Residence in Kuala Lumpur indicate a range of prices. For instance, a 1,421 sqft unit was sold for RM1,300,000 (RM915 psf) in December 2023, and a 926 sqft unit was sold for RM760,000 (RM821 psf) in October 2023[2].
Market Trend: The overall residential market in Kuala Lumpur has seen a positive growth trend, with the first 9 months of 2022 recording a 34.6% growth in transactions. However, primary sales are still in the minority at 18.5%, with secondary sales dominating the market[1].
Price Range: Historical data shows that The Horizon Residences have been sold in a price range of RM250,000 to RM1,930,000, with prices per square foot ranging from RM384 to RM1,397[4].

2. Rental Prices:

Rental Rates: The median monthly rent for rental homes in Kuala Lumpur is RM2,990, with a median monthly rent per square foot of RM3. For condos in Kuala Lumpur, average monthly rents vary by size: studio (RM5,840), 1 bedroom (RM3,220), 2 bedrooms (RM3,860), 3 bedrooms (RM4,070), and 4 bedrooms (RM9,640)[3].
Specific Rentals: At The Horizon Residences, rentals are available in various price points. For example, a 926 sqft condo can be rented for RM3,500 per month (RM3.78 psf), and a 1,200 sqft condo for RM3,300 per month (RM2.75 psf)[3][4].
Market Outlook: The rental market in Kuala Lumpur is expected to face challenges due to rising inflation and interest rates, which may impact demand. However, the market is also seeing a trend towards more flexible and tech-friendly spaces, which could attract renters[5].

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