Sentral Suites @ KL Sentral

KL’s median household income is the highest since 2014. It had increased by 19% in 2016 despite the drop-in oil prices. The gross national income (GNI) for Malaysia is to double from US$6,700 to US$15,000 through the Economic Transformation Programme by year 2020. The GNI in Greater KL (GKL) is to increase per capita, US$12,900 to US$22,600 per year. Malaysia is also planning to attract 100 multinational corporations into GKL and increase the foreign talents from 9% to 20% of the population, increasing the overall from 6 to 10 million. (By, JLL Database)

With the completion of MRT, the workforce is anticipated to skyrocket from 2.5 to 4.2 million. The Malaysian population’s compound annual growth rate (CAGR) is 2nd highest among the SEA countries, at 2.4%. More than 73% of KL’s population are aged between 15 to 64 years old with a median age of 28.7 years. Malaysia’s population will be primarily workforce who usually prefers property conveniently located for travel and work. In 2017, the net leasable supply (NLA) of offices in Greater KL was recorded at 120.8 million sf with a compound annual growth rate (CAGR) of 5.6% over 10 years. Office supply in Greater KL is likely to grow further by 16 million sf in the next 3 years. Among the supply of offices, KL holds 38.1% share. By 2020, total supply of offices is expected to be 136.9 million sf. (By, JLL Database)

It is a world-class destination. Going beyond the basic four walls, Sentral Suites is about creating a community. Every detail has gone into designing and providing functional, practical spaces for the community. The overall concept of Sentral Suites is to provide a lush, nature’s sanctuary. There are over 2 acres of lifestyle facilities and open spaces to give residents zones to relax and soothe their senses amidst the busy, urban setting. The facilities area offers functional spaces and fun interactive zones. These dedicated areas not only encourage residents to enjoy social activities, there are also areas for residents to enjoy quieter moments with an elevated vantage point.

The average transacted price in 2017 for KL Sentral had increased over the last 3 years, hitting RM1,024 psf. Thus, the average capital value is expected to further appreciate as the average gross rent grows for the next 5 years. In contrast, KLCC’s is expected to decline in 2018, 2020 and 2022. (By, JLL Database)

The residential units at Sentral Suites are designed to cater to the needs of various lifestyle requirements. Ranging from single room units right up to dual-key configurations with smart solutions for multi-functional spaces. The flexibility gives rise to many possibilities for personal space planning, even for extended families.

Property Details
Property Type: Service Residences
Developer: Malaysian Resources Corporation Berhad
Tenure: Leasehold
Price: RM728,800 – RM1,572,800
Target Completion Year: 2021
Size: From 807 – 1,356sf