ViiA Residences, located in KL Eco City, is a 40-storey leasehold serviced apartment tower developed by SP Setia Bhd.

It offers 326 residential units ranging from 1- to 3-bedroom apartments with built-up areas between 636 sq. ft. and 1,252 sq. ft. The development integrates various amenities and facilities, creating a cohesive environment for its residents.

It is connected to Mid Valley City and the LRT station via pedestrian bridges, making it an attractive option for young professionals seeking easy access to amenities and multinational businesses.

Subsale Market Analysis

1. Transaction Price

Launch Price: The initial launch price for ViiA Residences started from RM1 million, with an average selling price of RM1,600 psf, setting a new benchmark pricing for such properties in the Mid Valley and Bangsar areas[1].
Current Market Price: The current market price for ViiA Residences ranges from RM1,200,000 to RM1,652,080, with prices per square foot ranging from RM1,381 psf to RM1,785 psf[4].
Sold Price Range: The sold price range for ViiA Residences is between RM1,618 psf and RM1,690 psf, with an average price of RM1,651 psf[5].

2. Rental Price

Rental Price Range: The rental price for ViiA Residences ranges from RM3,700 to RM6,500 per month for fully furnished units[2][3].
Rental Yield: The rental yield for ViiA Residences is approximately 3.88%, indicating a moderate return on investment for property owners[5].
For a specific example, a 2-bedroom unit with a size of 957 sq ft can be rented for around RM 4,500 per month[3].

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3. Market Analysis

Target Market: The development primarily targets high-income young professionals aged between 30 and 45 years old who seek a vibrant city lifestyle with easy access to various amenities and multinational businesses within walking distance[1].
Market Demand: The project has received an overwhelming response from the public, with 3,000 buyers registering their interest, indicating strong demand for integrated developments like KL Eco City[1].
Comparative Analysis: Compared to other properties in the area, such as Vogue Suites One and Bangsar Trade Centre, ViiA Residences offers competitive pricing and rental yields, making it an attractive option for buyers and investors[2].

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