The Pearl KLCC

The Pearl KLCC is a prestigious freehold condominium located in the heart of Kuala Lumpur City Centre (KLCC).

Developed by the reputable Malton Bhd, this luxurious residence features 179 spacious units ranging from 3,089 square feet to 3,973 square feet. Completed in Q1 2011, The Pearl KLCC blends modern architecture with exquisite amenities, ensuring a sophisticated living experience for its residents.

This prime location offers easy access to major hospitals, educational institutions, and transit stations, making it an ideal choice for families and professionals alike.

Features

• Spacious Units: The Pearl KLCC offers a variety of floor plans, including 3-bedroom and 4-bedroom configurations, providing ample living space for families or individuals who appreciate room to breathe.
• Prime Location: Situated in the sought-after KLCC district, residents enjoy proximity to iconic landmarks, upscale shopping, fine dining options, and vibrant nightlife.
• Amenities: The condominium features a well-equipped gymnasium, swimming pool, children’s playground, and beautifully landscaped gardens, catering to a range of lifestyle preferences.
• Accessibility: With multiple nearby transit stations, including LRT and MRT services, residents can easily navigate Kuala Lumpur, ensuring a convenient commute for work or leisure.
• Investment Potential: The Pearl KLCC has demonstrated strong rental yields, making it an attractive option for investors seeking reliable returns in a competitive real estate market.
• Quality Development: Developed by Malton Bhd, known for its commitment to quality and craftsmanship, ensuring that residents enjoy a high standard of living.
• Community Living: The condominium promotes a sense of community with shared spaces such as a multipurpose hall for events and gatherings, encouraging social interactions among residents.

Project Details 

• Name: The Pearl KLCC (formerly known as Stonor 116)
• Property Type: Condominium
• Location: Kuala Lumpur City Centre (KLCC), Kuala Lumpur, Malaysia
• Developer: Malton Bhd
• Land Tenure: Freehold
• Completion Date: Q1 2011
• Total Units: 179 units
• Unit Sizes: Ranging from 3,089 square feet to 3,973 square feet
• Launch Price: Approximately RM870 per square foot
• Market Price Range: RM1,920,000 to RM4,010,000, depending on unit size and configuration
• Typical Layouts:
  • 3-bedroom units (sizes vary)
  • 4-bedroom units (up to 3,973 square feet)

Amenities and Nearby Facilities

• Amenities:
  • Gymnasium
  • Swimming pool
  • Children’s playground
  • Landscaped gardens
  • Multipurpose hall
• Nearby Hospitals:
  • ALPS Medical Centre
  • Prince Court Medical Centre
  • Santaria Medical
• Nearby Educational Institutions:
  • Inti International College Kuala Lumpur
  • Universiti Nottingham Teaching Centre
  • Universities 21 Global
• Transit Stations:
  • LRT KLCC
  • LRT/MRT Ampang Park
  • MRT Conlay
  • MRT Persiaran KLCC
  • Monorail Raja Chulan
  • Monorail/MRT Bukit Bintang

Sub-Sale Market Analysis

1. Transaction Prices

• 3-Bedroom Units:
  • A typical 3-bedroom unit with a built-up area of 3,089 square feet has recently sold for approximately RM1,920,000. Another slightly larger 3-bedroom unit of 3,109 square feet transacted at around RM1,930,000. These prices suggest a stable demand for medium-sized family units within the development.
• 4-Bedroom Units:
  • Larger configurations command higher prices due to their spacious layouts. The 4-bedroom units, particularly those with a built-up area of 3,973 square feet, have been sold at prices ranging from RM4,010,000 to RM4,570,000. This indicates a strong preference for larger living spaces among buyers willing to invest in premium properties.
• Price Per Square Foot:
  • The average price per square foot varies significantly depending on the unit’s size and layout. For larger units, the median price per square foot is approximately RM1,010, while smaller units can start from around RM620 per square foot. This pricing structure reflects the appeal of spacious living in an upscale environment.

2. Rental Prices

• 3-Bedroom Units:
  • Rental prices for 3-bedroom units typically range from RM7,500 to RM10,000 per month. Factors influencing these prices include the unit’s condition, view, and access to amenities within the condominium.
• 4-Bedroom Units:
  • The rental prices for larger 4-bedroom units can be significantly higher, often ranging from RM15,000 to RM20,000 per month. Given the increasing demand for spacious living arrangements in urban areas, these larger units are highly sought after.
• Rental Yield:
  • The current rental yield for The Pearl KLCC stands at around 3.88%, which has seen an upward trend compared to previous years. This yield reflects the growing interest in rental properties within this premier development and highlights its potential as an investment opportunity.

3. Market Trends and Insights

• Strong Demand: The Pearl KLCC continues to attract interest from both local and international buyers and renters due to its prime location and luxurious offerings. The demand remains resilient, driven by the area’s status as a business hub and lifestyle destination.
• Investment Viability: With competitive rental yields and a consistent appreciation in property values, The Pearl KLCC is viewed as a solid investment choice for investors seeking long-term returns.
• Diverse Buyer Profile: The variety of unit sizes and configurations appeals to a wide range of buyers, from families seeking spacious homes to investors looking for rental income.
• Future Growth Potential: As Kuala Lumpur continues to expand and develop its infrastructure, The Pearl KLCC is well-positioned to benefit from increased connectivity and amenities, further enhancing its attractiveness in the market.
• Market Stability: Despite fluctuations in broader economic conditions, The Pearl KLCC has shown resilience in both sales and rental markets. This stability positions it as a reliable option in an ever-evolving real estate landscape.