Sharing the same address as the hotel, The Residences at The St Regis Kuala Lumpur is located on the upper floors (23rd to 48th) of the 48-storey building developed by One IFC Residence Sdn Bhd (a joint venture between CMY Capital and MRCB Bhd).
There is a total of 208 serviced units with built-up sizes ranging from 766 sq ft to 4,253 sq ft.
Residents of the luxury serviced residences enjoy a full range of services and amenities provided by the St Regis Hotel including doormen, porters, in-residence dining, housekeeping and botanical services. The major public transportation hub, KL Sentral is about a 10-minute walk away.
John Lee of Knight World Realty, who brokered the rental deal, told EdgeProp.my that the tenant took a liking to the beautiful furnishings and the scenic views offered by the unit.
“It was a smooth transaction between the tenant and the owner, who bought the unit for investment purposes,” added Lee.
Based on data from EdgeProp Research as of late November 2020, there were 22 rental listings with an average monthly asking price of RM10,373 or RM8.21 psf. From 2018 to 2019, the average asking rent was RM10,699 per month or RM6.75 psf.
Meanwhile, there were no recorded sale transactions during the same period for the year. In 2019 and 2018, three units were sold each year at an average transacted price of RM4.1 million (RM2,007 psf) and RM2.7 million (RM2,149 psf) respectively.
Planning to buy or sell a home? With EdgeProp's FREE transacted price tool, you can check past transaction prices for any property by name or area and make an informed decision.
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