KLCC, Kuala Lumpur
Places of Worship
KLCC is the heart of Kuala Lumpur which is also known as the Kuala Lumpur City Centre. As the most upmarket district of business hubs in Malaysia, KLCC is one of the areas in the city that carries the most high rises and most ongoing construction.
Prices of properties here ate the steepest in Malaysia ranging up to RM3,000 psf, while roads are constantly being built ad traffic is constantly being newly directed in an attempt to alleviate traffic congestions at all hours of the day, which the public transportation system does almost nothing to help.
Properties within KLCC are most targeted towards the elite group of income earners as well as international companies looking to relocate their personnels to Malaysia. Deemed also suitable for visiting dignitaries, no Malaysian commoner can afford the properties within KLCC.
The population in this area is a potpourri of ethnic groups, ranging from white collar workers of the highest postitions to migrant bus ticket touters. New high rises are cropping up on every available plot of land, whether it be beside the main road of Jalan Sultan Ismail or in the inner enclaves of the Embassy Row.
Analysis & Comparison
Analysis & comparison of an average transaction, for rent and for sale of landed, non landed and commercial properties within KLCC.
* To provide you with an accurate informations, some column maybe appear to appear as 'Insufficient Data' due to insufficient transaction in the particular area.
Home Prices In KLCC
A Guide To KLCC Property Prices
Are you considering property in Kuala Lumpur City Centre? KLCC is the bustling heart of Kuala Lumpur, where vibrant nightlife meets luxury malls, presenting an exciting landscape of business, commercial, and residential property that forms an attractive proposition for keen investors.
KLCC is often referred to as the ‘city within the city’, a purpose-built and largely business-focused development area situated over 100 acres that incorporates the iconic heights of the Petronas Twin Towers amongst its most familiar landmarks.
It comes as no surprise in a neighbourhood that boasts such dazzling architecture that KLCC property rarely sits at the lower end of Malaysia’s property price ranges. Kuala Lumpur is itself the most expensive location for property in Malaysia, with the average house price sitting at RM772,980 as of Q3 2018, based off 1,688 transactions. As a high-end representation of that sample, KL City Centre is a location that can be home to some extreme property prices, as luxury condominiums and high-value developments dominate much of the area.
According to the National Property Information Centre (NAPIC), condominiums and apartments accounted for nearly two-thirds of all residential property sold in the area of Kuala Lumpur Town Centre in Q3 2018, with 202 units sold.
So how do those extremes look in practice? Let’s go right to the top. As of January 2019, the most expensive property listed for the KLCC area comes in at a cool RM1.7 billion. To put that in perspective, you could purchase nearly 9,000 homes at the median Malaysian house price of RM293,000 for the same money.
A Property Snapshot In KLCC
Exploring the prices at the top helps highlight the substantial valuations one can find in KLCC, but it’s important to also explore the more frequently transacted properties. Let’s look at some of the data handily available from Property Advisor.
We can take a snapshot of Menara City One, a 500+ unit development on the edge of KLCC that’s seen over 200 transactions in the last 5 years. Over this period, the median price of condominiums in the building has stood at over RM420,000, with the lowest sale at RM270,000 for a 216 square feet apartment, and the highest at RM825,000 for 473 square feet.
At the other end of the scale, The Troika KLCC presents a picture of luxury urban living right in the heart of KLCC. With 13 transactions over the last 5 years, the median price of property in the apartment block stood at RM1,750,000, with the price for larger condominiums in the building averaging almost RM1,400 per square foot.
Trends In KLCC Property For Sale
While the figures might be eye-catching, it’s apparent that shifting market conditions still present opportunity for the right investments, with luxury markets in particular facing a subdued trading period in recent years.
2017 offers an interesting demonstration of this recent trend in luxury home prices in the KLCC area. According to Tan Sri Abdul Rahim Abdul Rahman, Executive Chairman of Rahim & Co, the price per square foot of luxury houses in the KLCC area dropped from roughly RM2,500 in 2014-2015 to around RM2,000 by the end of 2017.
The PropertyGuru Market Index 2018 Q3 Report hints at a continuation of this trend for property within the greater Kuala Lumpur area. Overall property prices in KL fell by 0.5% year-on-year, with a market broadly subdued by a large inventory of unsold residential high-end units. That reality may be particularly pronounced in an area such as KLCC, where luxury properties form a large percentage of the available property market.
While property prices may remain subdued, the 2018 Q3 Report notes that high-end condominiums and serviced apartments have managed to hold steady property values across Kuala Lumpur. Again, supply and demand have a significant impact on how that impacts particular areas. An area such as KLCC is likely to be more susceptible to such challenges in the face of substantial luxury property overhang.
Living In KLCC
Your Guide To Living In KL City Centre
KL City Centre (KLCC) is the heart of the action in downtown Kuala Lumpur. This exclusive 100-acre area sits in the prestigious shadow of the stunning Petronas Twin Towers, and is home to a range of upmarket hotels, stunning malls and primarily luxury residential properties.
KLCC is a bright and vibrant location, but what is it like as a place to live? We will provide you an easy-access guide to the facilities, amenities, and excitement of living in Kuala Lumpur’s thriving centre.
Shopping And Entertainment In KLCC
If you’re looking for exceptional shopping or first-rate entertainment, then KLCC is a great place to start. Suria KLCC is perhaps the jewel in the crown, offering over 1.17 million square feet of world-class shopping, dining and entertainment at the base of the iconic Petronas Twin Towers. The area also boasts a 50-acre park with a playground, wading pool and fountain, as well as the nearby Petronas Art Gallery and Aquaria KLCC Oceanarium.
Avenue K Mall offers another exciting destination for your shopping needs. While smaller than Suria KLCC, it’s working to position itself as a trendier urban hangout, with exciting entertainment spaces like the SuperPark skate park and Breakout escape rooms sitting alongside a great range of food and retail outlets.
Healthcare In KLCC
Despite its noted luxury credentials, KLCC also boasts convenient amenities for everyday essentials, such as healthcare. Suria KLCC is home to the Twin Towers Medical Centre, which is joined by a range of other primary healthcare facilities and medical centres located in and around KLCC.
The nearby Prince Court Medical Centre offers a 270-bed private healthcare facility for more complex medical requirements which may require hospital care, as well as other outpatient needs. Gleneagles Kuala Lumpur provides further accessibility to a 372-bed tertiary and acute care hospital just a short drive along Jalan Ampang.
Hospital Kuala Lumpur offers public hospital cover for the KLCC area, and is located a short and accessible drive north of Kuala Lumpur City Centre.
Dining And Nightlife In KLCC
As a bustling centre of the city, KLCC is home to and offers easy access to a wealth of dining and nightlife opportunities.
Notable malls such as Suria KLCC and Avenue K are home to some celebrated food courts and top dining establishments, making them an easy place to explore for a varied and exciting mealtime.
If you’re looking for a finer slice of dining, KLCC is unsurprisingly home to some top fine dining experiences. Marini’s on 57, Atmosphere 360, and Thirty8 Restaurant and Lounge showcase some exceptional cuisine alongside fabulous views. Meanwhile Melur and Thyme, Troika Sky Dining, Bijan, and Opium KL are just some of the nearby stars of the dining scene.
Places Of Worship In KLCC
As a diverse and multicultural city, Kuala Lumpur is home to a range of mosques, temples and churches that are readily accessible from the KLCC area.
Masjid As Syakirin, sometimes called KLCC Mosque, is located in the heart of KLCC, and in close proximity to Petronas Twin Towers and Suria KLCC. The mosque provides capacity for up to 12,000 people. Masjid Tabung Haji and other mosques offer further places of worship in the KLCC area.
Kun Yam Thong Temple offers a Buddhist place of worship just minutes from KLCC LRT Station, and can be found just off the popular Jalan Ampang. It represents just one of many Buddhist temples spread throughout the wider Kuala Lumpur area.
Worshipers of the Hindu faith can also find a number of temples in and around the KLCC area, with Court Hill Ganesh Temple, Dewi Sri Pathra Kaliamman Temple, and Sri Mahamariamman Temple all within easy travel.
Christians of different denominations may also find a variety of churches within easy proximity to KLCC. St Andrew’s Presbyterian Church, Kuala Lumpur Baptist Church and Wesley Methodist Church are just a few of the nearby churches to meet your needs.
KLCC, Federal Territory of Kuala Lumpur Map