Three28 Tun Razak

Three28 Tun Razak is a freehold condominium located in KLCC, Kuala Lumpur.

Developed by Tan & Tan Developments Bhd, it was completed in 2016 and features 166 units with built-up areas ranging from 710 sq. ft. to 1,281 sq. ft.

Sub-Sale Market Analysis

1. Transaction Prices:

• Launch Price: The project was launched at approximately RM1,000 per sq. ft., with prices ranging from RM838,000 to RM1,433,000 for different unit sizes.[1][3]
• Current Market Price: Recent sales listings indicate prices ranging from RM1,243,200 to RM1,400,000, with a price per sq. ft. of RM1,050 to RM1,092.[3]
• Median Price: The median price per sq. ft. has fluctuated over time, with recent data showing:
  • Q1 2014: RM1,180 psf
  • Q1 2017: RM1,224 psf
  • Q2 2017: RM952 psf
  • Recent listings: RM1,050 to RM1,092 psf[2][3]

2. Rental Prices:

• Rental Yield: The current rental yield is around 4.5%, with the highest recorded yield being 4.92% in Q2 2017 and the lowest being 3.26% in Q3 2022.[2]
• Rental Listings: Recent rental listings show prices ranging from RM3,100 for a 710 sq. ft. unit to RM5,000 for a 1,281 sq. ft. unit.[2][5]
• Median Rental: The median rental per sq. ft. has been around RM4.22 to RM4.51 in recent years.[2]

3. Market Analysis:

• Location: The property benefits from its proximity to KLCC, with amenities like Suria KLCC, Pavilion, and various educational institutions nearby.[3]
• Transportation: It is close to several transit stations, including LRT Damai, LRT KLCC, and MRT Persiaran KLCC.[2][3]
• Market Trends: The luxury residential market in KLCC has remained stable, with prices and rents of existing high-end condominiums staying fairly stable.[4]
• Comparative Analysis: When compared to other properties in the area, Three28 Tun Razak offers competitive pricing and rental yields, making it a viable option for buyers and investors.[3][4]

Sources:

• [1] www.tantan.com
• [2] irumah.co
• [3] www.propsocial.my
• [4] content.knightfrank.com
• [5] www.edgeprop.my