The Oval is a premier freehold serviced residence located in the heart of Kuala Lumpur’s prestigious KLCC area.

Developed by Titan Debut, a subsidiary of GuocoLand (M) Berhad, this luxurious condominium complex was completed in 2009 and features two stunning 41-storey towers.

With a total of 140 spacious units ranging from 3,750 to 7,600 square feet, The Oval offers residents an unparalleled living experience that combines elegance, comfort, and modern conveniences.

Features

Luxurious Units: Choose between two exceptional layouts—Sky Villa (3,750 sq ft) and Mansionary Villa (7,600 sq ft)—each designed with high-quality finishes and ample living space for families and professionals alike.
Exceptional Amenities: Enjoy a wide array of facilities, including a fully-equipped gymnasium, 25-meter infinity lap pool, sauna, steam room, children’s playground, landscaped garden, and function rooms for hosting events.
24-Hour Security: The Oval prioritizes residents’ safety with advanced biometric and RFID security systems, along with round-the-clock surveillance and security personnel.
Prime Location: Nestled in the KLCC area, The Oval provides easy access to major roads and public transport options like the Ampang Park LRT station, ensuring seamless connectivity to the rest of Kuala Lumpur.
Nearby Amenities: Residents benefit from proximity to shopping malls (such as Suria KLCC and Avenue K), dining options, reputable educational institutions, and healthcare facilities like Pusat Perubatan Prince Court.
Investment Potential: With a median transacted price of approximately RM 1,028 per square foot and a rental yield of around 3.61%, The Oval presents an attractive option for both homebuyers and investors looking for capital growth in a thriving market.

Sub-Sale Market Analysis

1. Transaction Prices

Average Price per Square Foot: The average price per square foot at The Oval is approximately RM 1,000. However, this figure can fluctuate based on specific unit characteristics.
Price Range: The transaction prices for units at The Oval typically range from RM 3,500,000 to RM 48,000,000.
- For Sky Villa units, which average around 3,750 square feet, transaction prices have been observed between RM 3,500,000 and RM 6,200,000. The average price per square foot for these units hovers around RM 898.
- For Mansionary Villa units, which are larger (up to 7,600 square feet), prices can extend from RM 7,000,000 to RM 48,000,000, with an average price per square foot that can reach up to RM 1,632.58.

2. Historical Trends

In recent years, the transaction market has seen fluctuations but generally reflects a positive trend in property value appreciation:

The historical high for unit transactions was recorded at RM 1,142 per square foot in May 2018 for a larger unit.
Conversely, the historical low was noted at around RM 690 per square foot in April 2007.

3. Rental Prices

Rental Range: Monthly rental prices for units at The Oval range from RM 11,500 to RM 29,450, depending on the unit size and layout.
- For Sky Villa units, typical rental prices fall between RM 11,500 and RM 16,000, which translates to an average rate of approximately RM 2.8 to RM 4.1 per square foot.
- For Mansionary Villa units, larger spaces command higher rents, with listings reaching up to RM 29,450 per month, averaging around RM 2.96 to RM 4.87 per square foot.

4. Rental Yield

The estimated rental yield for properties within The Oval stands at approximately 3.61%. This yield is relatively attractive compared to many other investment options in the region, making it appealing for both local and foreign investors.

5. Market Insights

Several key factors contribute to the dynamics of the sub-sale market for The Oval:

High Demand: The demand for luxury properties in KLCC remains strong due to its status as a business hub and lifestyle destination. The presence of numerous embassies, corporate offices, and high-end retail options adds to the attractiveness of living in this area.
Limited Supply: With only 140 units available in a low-density development setting (two units per floor for Sky Villas and one unit per floor for Mansionary Villas), The Oval maintains exclusivity that supports property values.
Investment Appeal: Given the historical appreciation in property values and steady rental demand, The Oval presents a solid investment opportunity for those looking to capitalize on Kuala Lumpur’s growing real estate market.