The Mews KLCC is a high-rise condominium that offers luxury residential living.
The development was completed in 2017, making it a contemporary property with modern features and amenities. Comprises a total of 256 residential units, ensuring a sense of community while maintaining exclusivity.
Units in The Mews KLCC typically ranging from approximately 925 square feet to 2,066 square feet, providing a variety of layouts to suit different lifestyle needs.
Sub-Sale Market Analysis
1. Transaction Prices
- Average Transaction Price: The average transaction price for units in The Mews KLCC generally falls between RM 1,200 to RM 1,600 per square foot.
- Price Range by Unit Type:
- 1-Bedroom Units:
- Transaction prices typically range from RM 800,000 to RM 1,200,000.
- 2-Bedroom Units:
- Prices generally range from RM 1,200,000 to RM 1,800,000.
- 3-Bedroom Units:
- Typical transaction prices fall between RM 1,800,000 and RM 2,500,000.
- 1-Bedroom Units:
- Market Activity: Recent sales data indicates a median price for units around RM 1,300,000. The fluctuation in prices can be attributed to factors such as the floor level, view, and specific unit features.
2. Rental Prices
- Average Rental Price: The average rental price for units in The Mews KLCC ranges from RM 3,000 to RM 6,500 per month.
- Rental Price by Unit Type:
- 1-Bedroom Units:
- Rental prices typically fall between RM 3,000 and RM 4,500 per month.
- 2-Bedroom Units:
- Commonly rented for RM 4,500 to RM 6,000 monthly.
- 3-Bedroom Units:
- Usually command rents ranging from RM 6,000 to RM 9,000 per month.
- 1-Bedroom Units:
3. Market Trends
- Demand Dynamics: The Mews KLCC has attracted steady interest due to its strategic location near major business and entertainment hubs. The demand is particularly high among young professionals and expatriates.
- Investment Opportunities: Investors are keen on properties in The Mews KLCC due to the potential for attractive rental yields. Average yields have been observed around 4% to 6%, making it a lucrative option for generating passive income.
- Price Stability: Despite fluctuations in the broader market, The Mews KLCC has shown resilience in maintaining property values. Its reputation as a premium residential development helps stabilize its market position.
- Amenities and Lifestyle: With a variety of amenities such as a gym, swimming pool, and communal spaces, The Mews KLCC offers an appealing lifestyle that enhances its attractiveness to both renters and buyers.
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