Better known as KLCC, Kuala Lumpur City Center is the heart of Kuala Lumpur. Functioning as a commercial centre with plenty of businesses taking root here, as an entertainment point, and home to numerous upscale restaurants, it has everything one would dream of in a city centre.
Living in KLCC exudes class and prestige. However, with the many residential properties, some of which are absolute luxury, that is available in the area, it is sometimes almost impossible to choose the perfect home.
It is quite difficult to own a landed residence in KLCC. With every inch of land being incredibly valuable, high rise buildings are the norm in this area. Landed residences are usually found a few kilometres away from KLCC in areas such as Bangsar, Ampang, and Mont Kiara. As KL has good roads and public transport infrastructure, accessibility from these areas to KLCC is extremely easy. Here, we compare several factors that will help you choose the best residence to buy in Kuala Lumpur.
Landed Residence VS High Rise – Rental Yields
One of the best ways to make some money from investing in the property market is by renting out the property. In this respect, just because a property is landed doesn’t mean that it will have a high rental yield. Instead, residences, especially those that are in prime locations and are well maintained bring a higher revenue.
Landed Residence VS High Rise – Maintenance
Every property requires good maintenance for it to be in good condition. The maintenance of landed properties falls on the owner while high rise maintenance would fall on the management bodies. While maintenance does not seem like a major factor when looking for a property to invest in, a high-rise building’s management that provides subpar maintenance will cause the building’s value to depreciate fast.
Landed Residence VS High Rise – Facilities
In terms of facilities, landed residences usually have minimal facilities, unless it is one of the more recent gated and guarded townships. One of the more common facilities that landed residences have is a neighbourhood playground, as it is gazetted by the local council.
On the other hand, high-rise properties usually provide their residents with full facilities such as a swimming pool, gymnasium, a barbeque area, and playground for children. Serviced residences offer services such as housekeeping, laundry, valet and concierge services.
Landed Residence VS High Rise – Prices in Kuala Lumpur
According to brickz.my, based on data from February 2019 to January 2020, the median price for landed property in Kuala Lumpur is RM770,000.00 with the median price per square feet being RM527.00.
The median price for high-rise properties in Kuala Lumpur based on data from February 2019 to January 2020 is RM572,500.00 per unit with a median price per square feet of RM475.00.
While this is an average price for properties in Kuala Lumpur, property prices vary according to factors such as location and land tenure. With KLCC being a prime area, property prices here are generally higher, with greater appreciation rates as it is highly sought after.
The following are examples of landed property and a high-rise serviced residence in the KLCC area.
High rise in Kuala Lumpur: Serviced Residences – YOO8 Serviced by Kempinski at 8 Conlay
Part of 8 Conlay, YOO8 serviced by Kempinski is the latest in branded luxury residences. Taking up two of 8 Conlay’s three towers, YOO8 is in the world’s tallest twisted twin residential towers. Developed by KSK Land, YOO8 has set the benchmark for premium city living.
Here in YOO8, every unit is fully furnished. Interior designed by YOO, with Steve Leung designing Tower A and Kelly Hoppen designing Tower B, units at YOO8 combine both flair and functionality.
Being a branded serviced residence, those who live here will be able to enjoy the best of hospitality by Kempinski, Europe’s oldest and most established of hoteliers. Some of the favourite services offered by Kempinski include concierge services, housekeeping and laundry services, an on-call tailor, a private chef, daycare services, car care services and resident provisioning.
Facilities at YOO8 include a gymnasium with state of the art equipment, a water lounge that opens to a 25-meter lap pool, and a Green Refuge perfect for urban living. There is also a multi-purpose room, library area, and a quirky games room.
Located on Jalan Conlay, YOO8 is in KLCC itself. It enjoys accessibility to the Bintang Walk Shopping District and Pavilion Mall via an air-conditioned pedestrian bridge. It is easily accessible via main roads such as Jalan Tun Razak, and Jalan Raja Chulan. It is also accessible via public transportation, with MRT and LRT stations close by. The Royal Selangor Golf Club is just a short drive away.
Units at YOO8 range from 1 bedroom to 3 bedrooms, with a build-up size that ranges between 700 square feet to 1,308 square feet.
With its perfect location, amazing facilities and old school hospitality, YOO8 serviced by Kempinski is a property in KLCC that is worth checking out.
Landed Property in Kuala Lumpur: Bungalow – Tijani Ukay
Located in Ukay Perdana in Ampang, Tijani Ukay consists of bungalows that exude a perfect equilibrium of modern tranquillity. There are a total of 118 units here with a build-up size of 3,778 square feet, 4,479 square feet and 4,916 square feet. This development stands on 23 acres of leasehold land.
Tijani Ukay is easily accessible via Jalan Ampang, the DUKE Highway and the Middle Ring Road 2. There are plenty of international schools in the vicinity, including the International School of Kuala Lumpur and Fairview International School. If medical attention is ever needed, the Gleneagles Medical Center is located nearby. Tijani Ukay is just a five minutes’ drive to KLCC.
A gated and guarded development, Tijani Ukay offers its residents facilities such as an infinity pool, a jogging track, gymnasium, tennis and basketball courts and a clubhouse. Each home comes with a porch area with parking space.
Many factors come into play when choosing a property to invest in. For the KLCC area, landed property is quite hard to come by due to the high demand for prime land. Those who prefer landed property will need to look at other areas in Kuala Lumpur outside of KLCC. However, there are plenty of residences available in this area and one can easily purchase a property that is well managed, fully furnished, with full facilities.