KL auction property market update #3 - Suria Stonor 3283sf @RM609 psf
My ever cheerful auction real estate agent “J” just Whatsapped yours truly details for the 15 June auction of a 3283 SF 5* KLCC condominium at Suria Stonor. Yours truly notes the auction price of RM6** PSF is lower than the two Suria Stonor units of 5000+SF sold at RM648 and RM639 PSF in 2020 according to EdgeProp Analytics' transactions at Suria Stonor. See below.
I recall seeing a recent LinkedIn post by KSK Land, “Malaysian Property Market: 5 Good Reasons To Buy Right Now”.
Well, what do you think, folks? Have KLCC prices dropped low enough for property investors to start buying now? Last September, yours truly posted on 360 KLCC news of a 5* KLCC condominium at 3 Kia Peng advertised for sale at the bargain price of RM680PSF, “Get ready the popcorn: KLCC Property Sale in 2022?”.
More auction properties “
Idaman Residence, KLCC @ RM724 PSF
Downtown Condominium, Bukit Ceylon @ RM226 PSF
Check out 🤠’s Dua Sen on what’s in store for the KL luxury condominium market at 360 KLCC :
“Which property market are you talking about”
“KL high end property market- A dead cat bounce?”
‘Reacting to MIEA’s comments on Bank Negara’s reports”
“Why are KLCC rents falling when Red Dot Island’s rents for private residences are shooting up?”
According to J, the launch price of Suria Stonor apartments started from RM2.8m. See below:
Disclaimer
If you are thinking of buying an auction property, you should consult a BOVEA registered valuer or real estate agent.
