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Current Market Analysis: Marc Residence at 3 Jalan Pinang Kuala Lumpur
Executive Summary
Marc Residence, situated at 3 Jalan Pinang in Kuala Lumpur City Centre (KLCC), presents a compelling profile within the luxury condominium market. This report analyzes its unique value propositions, recent market performance, competitive standing against established luxury peers, and its distinction from newer developments. The property's strategic, irreplaceable location, coupled with its comprehensive serviced residence model and extensive amenities, underpins its enduring appeal. Recent transaction data from 2024-2025 indicates robust appreciation, positioning Marc Residence as a "value luxury" option within the ultra-prime KLCC segment. Its exceptional walkability further enhances its desirability and investment resilience. The property's established quality and strategic pricing allow it to maintain strong demand, even amidst the emergence of more contemporary, higher-priced alternatives.
1. Marc Residence: Overview and Value Proposition
1.1. Location and Development Profile
Marc Residence, also known as Marc Service Residence, is a lavish freehold serviced residence strategically located at 3 Jalan Pinang, Kuala Lumpur City Centre (KLCC). Completed in August 2007, the development comprises two 35-storey towers, housing a total of 637 units. The unit offerings are diverse, ranging from compact studio units of 493 square feet to expansive premium suites that can span up to 3,302 square feet, with some larger units even featuring private lifts.
The developer behind Marc Residence is Beverly Tower Development, a key entity within the Beverly Group. The Beverly Group has a long-standing presence in the real estate industry, having pioneered developments since 1980. Their portfolio includes prestigious residential projects, golf and country clubs, and mixed-use and hospitality developments across Singapore, Brunei, and Malaysia. Over the years, the group has engaged in collaborations with notable multinational companies such as Singapore's Mapletree, CapitaLand Group, ING Real Estate Management, Surbana Jurong, and Hong Kong-listed Lai Sun Group. This extensive history and these significant international partnerships lend substantial credibility to the project, signifying a mature and well-established development backed by a highly reputable entity. Such a background often translates into perceived quality, reliability, and potentially superior long-term maintenance and value retention for a luxury property. An older, well-maintained building from a developer with such a track record can indeed offer a more stable investment compared to a newer, unproven development, effectively mitigating any perceived disadvantage stemming from its age.
1.2. Unique Selling Propositions (USPs)
Marc Residence distinguishes itself through several key attributes that strongly appeal to its target demographic of discerning residents and investors:
Prime, Irreplaceable KLCC Location: The property's most compelling attribute is its absolute prime location in the heart of Kuala Lumpur City Centre. Situated at 3 Jalan Pinang, Marc Residence is exceptionally close to the city’s most iconic landmarks, including the Petronas Twin Towers (approximately 330-340 meters away) and Suria KLCC shopping center. This immediate proximity places residents within effortless walking distance of premier shopping destinations like Pavilion Kuala Lumpur and the vibrant nightlife along Jalan P Ramlee. The consistent emphasis on its position "in the heart of Kuala Lumpur" and "inside city center" directly underscores its unparalleled access to major attractions and business hubs. This inherent locational advantage in real estate is paramount and tends to appreciate independently of the building's age. This ensures sustained demand, not only from long-term residents but also from the lucrative short-term rental market, which includes tourists and business travelers, thereby enhancing both rental yield potential and capital appreciation over time. This foundational strength serves as a significant hedge against broader market fluctuations.
Comprehensive Serviced Residence Model: A key differentiator for Marc Residence is its operational model as a serviced residence, which offers hotel-like amenities and regular room servicing, setting it apart from many conventional condominiums. This includes a dedicated concierge service, providing personalized care and attention for residents and their units, encompassing services such as housekeeping and leasing support. The units themselves are typically furnished, featuring well-equipped kitchens, LCD TVs, and Bose sound systems. This serviced residence model caters effectively to individuals and families seeking convenience, a high level of hospitality services, and flexibility for both short-term and extended stays. This broadens the property's appeal beyond traditional owner-occupiers to include expatriates, corporate clients, and high-end tourists, potentially leading to higher occupancy rates and premium rental yields compared to standard condominiums. It positions Marc Residence as a hybrid asset, seamlessly blending residential comfort with professional hospitality services.
Extensive Recreational Facilities: Residents of Marc Residence benefit from access to a wide array of recreational facilities designed to enhance a luxurious urban lifestyle. These include multiple outdoor swimming pools, notably an infinity pool and a dedicated children's pool, a well-equipped fitness center or gymnasium, a sauna, hot tub, and a spa lounge for relaxation. Additional sports amenities such as a badminton court and tennis courts are also available, alongside a games room and barbecue areas for social gatherings. The sheer breadth and quality of these recreational offerings extend beyond basic condominium amenities. These facilities significantly contribute to the perceived value and overall quality of life for residents, making the property highly attractive to discerning buyers and renters who prioritize a comprehensive, resort-like living experience within a vibrant urban setting. This robust amenity package enhances the property's competitiveness, even against newer developments that also boast extensive facilities.
Excellent Connectivity and Public Transportation Access: Marc Residence enjoys superb accessibility via major arterial roads such as Jalan Pinang and Jalan P Ramlee. More critically, its connectivity to Kuala Lumpur's public transportation network is exceptional. The KLCC LRT Train Station is merely 430-450 meters away, and the Raja Chulan Monorail Station is located within 500-510 meters. This allows for convenient and efficient travel to various parts of the city, including Kuala Lumpur Sentral Station via subway in approximately 21 minutes. The close proximity to multiple public transport options significantly reduces the reliance on private vehicles, offering a major convenience in a city known for its traffic congestion. This superior connectivity broadens the property's appeal to a wider demographic, including individuals who prefer not to drive, international residents, and business travelers, thereby increasing its liquidity and rental demand. This factor also contributes substantially to its high walkability score, which is discussed further in a later section.
Diverse Unit Layouts Catering to Various Needs: The property offers a broad spectrum of unit sizes and configurations, from compact studios (493 sq ft) ideal for single professionals or couples, to expansive premium units featuring multiple bedrooms and private lifts (up to 3,302 sq ft). This inherent diversity in unit types allows Marc Residence to effectively cater to a wide range of buyer and tenant segments. The availability of varied unit sizes means the property can attract a broader spectrum of occupants, from individuals to larger families. This versatility makes Marc Residence resilient to shifts in market demand for specific unit sizes. Investors, for instance, can select units that align with different rental strategies, such as studios for short-term or business rentals, and larger units for long-term family accommodations, enhancing the overall investment flexibility and potential for consistent returns.
1.3. The X Factor
The distinctive element for Marc Residence, its "X Factor," lies in its Established "Value Luxury" Proposition within an Ultra-Prime Location. While more recently developed condominiums might feature cutting-edge designs or advanced smart home technologies, Marc Residence offers an unparalleled location at a comparatively more accessible price point within the luxury segment than its ultra-high-end neighbors. It successfully delivers the essential components of prime KLCC living—a prestigious address, a comprehensive suite of amenities, and the convenience of serviced living—without the top-tier price tag associated with the newest, most exclusive properties. This strategic positioning makes it a highly attractive option for discerning buyers and investors who prioritize an enduring location and established quality over novelty. Such individuals seek robust value retention and potential appreciation in a mature, blue-chip asset. Marc Residence's median price of RM 1,139 per square foot is notably lower than some ultra-luxury comparables like The Ritz-Carlton Residences (RM 2,385 psf) or Four Seasons Place (RM 3,000 psf) , yet it shares the same coveted KLCC address. This suggests that Marc Residence occupies a unique and desirable niche, offering "affordable luxury" in a premium location. This strategic pricing can lead to robust and sustained demand, as the market increasingly seeks value within prime real estate.
2. Property Market Performance: Marc Residence (2024-2025)
This section provides an analysis of the latest property price transactions for Marc Residence, specifically focusing on the 2024-2025 period and presenting the mean Ringgit per square foot (RM psf) by quarter.
2.1. Analysis of Transaction Prices (Mean RM psf by Quarter)
Based on available transaction data spanning from February 2024 to January 2025 , Marc Residence recorded a median transacted price of RM 1,139 per square foot. This figure represents a significant 11.56% year-over-year (YoY) increase in median psf. While comprehensive quarterly mean data is limited due to the number of recorded transactions, an aggregation of the available data provides the following approximate quarterly mean prices:
Q1 2024 (February - March 2024): No specific transactions for Marc Residence were listed in the provided information for this period.
Q2 2024 (April - June 2024): No specific transactions for Marc Residence were listed in the provided information for this period.
Q3 2024 (July - September 2024):
August 26, 2024: RM 3,450,000 / 2,982 sq ft = RM 1,157 psf
August 28, 2024: RM 3,800,000 / 3,122 sq ft = RM 1,217 psf
September 5, 2024: RM 1,000,000 / 990 sq ft = RM 1,010 psf
Mean RM psf for Q3 2024: (1157 + 1217 + 1010) / 3 = RM 1,128 psf
Q4 2024 (October - December 2024):
November 6, 2024: RM 6,583,152 / 5,780 sq ft = RM 1,139 psf
Mean RM psf for Q4 2024: RM 1,139 psf
Q1 2025 (January - March 2025 - partial data):
January 16, 2025: RM 3,400,000 / 3,122 sq ft = RM 1,089 psf
Mean RM psf for Q1 2025 (partial): RM 1,089 psf
The overall median transacted price for Marc Residence from February 2024 to January 2025 stands at RM 1,139 psf. This indicates a healthy appreciation of 11.56% YoY, suggesting strong market confidence in the property. This robust appreciation, even amidst limited specific quarterly transaction details, is a strong indicator of sustained demand and value growth. The individual transactions, though few, consistently show prices above RM 1,000 psf. This performance suggests that Marc Residence is either keeping pace with or outperforming the general KLCC market, which itself saw a median psf increase of 11.76% YoY. The property's established reputation and prime location are likely primary drivers for this positive trend, highlighting its resilience and continued desirability even as a more mature luxury condominium. This upward trajectory would be particularly attractive to potential investors.
It is important to note that the quarterly mean RM psf figures are derived from a very limited number of transactions for certain periods. This makes these quarterly means highly sensitive to the specifics of individual unit sales, such as unique features, premium views, or recent renovation status. While these quarterly figures address the request for such data, the median transacted price over the full 12-month period (RM 1,139 psf) offers a more stable and reliable representation of the property's overall value trend. Consequently, market participants should view the quarterly figures with an understanding of their small sample size.
Table: Marc Residence Quarterly Mean RM psf (2024-2025)
Period
Number of Transactions
Mean RM psf (Approx.)
Q1 2024 (Feb-Mar)
0
N/A
Q2 2024 (Apr-Jun)
0
N/A
Q3 2024 (Jul-Sep)
3
RM 1,128
Q4 2024 (Oct-Dec)
1
RM 1,139
Q1 2025 (Jan-Mar)
1
RM 1,089
Overall Median (Feb 2024 - Jan 2025)
5
RM 1,139
3. Comparative Market Analysis: KLCC Luxury Condominiums
This section provides a comparative analysis of Marc Residence's property price transactions against those of selected comparable Kuala Lumpur City Centre luxury condominiums, offering a detailed contrast of their market positioning. The KLCC luxury condominium market is characterized by a wide range of prices, influenced by factors such as the property's age, developer reputation, precise location within KLCC, exclusivity, and the breadth and quality of its amenities.
3.1. Detailed Price and Feature Comparison
Marc Residence (Completed 2007):
Median Transacted Price (Feb 2024 - Jan 2025): RM 1,139 psf
Key Features: Operates as a serviced residence, offering extensive amenities including an infinity pool, gymnasium, tennis courts, and a spa lounge. It provides diverse unit sizes and benefits from a prime location immediately adjacent to the Petronas Twin Towers.
Market Positioning: Positioned to offer a "value luxury" proposition within an ultra-prime location, appealing to those who seek established quality and convenience at a more accessible price point within the luxury segment.
One KL (Completed 2006):
Median Transacted Price (Nov 2023 - Oct 2024): RM 1,026 psf
Key Features: Located in close proximity to Marc Residence and Kirana. This development is notably recognized for its "bungalow in the sky" concept, where each unit features a private swimming pool.
Market Positioning: With a slightly lower median psf than Marc Residence in recent data, despite its distinctive private pool feature, One KL's completion year (2006) places it in a similar age bracket to Marc Residence, suggesting comparable considerations for buyers regarding property vintage.
Kirana Residence at 7 Jalan Pinang (Older, low density):
Average Transacted Price: RM 759 psf.
Median Asking Sale Price (2025 Q1-Q2): RM 821.5 psf.
Key Features: A low-density condominium with only 66 units, it is connected to Ascott Kuala Lumpur via a sky bridge, allowing residents to share facilities such as housekeeping and a launderette. Units boast large, long balconies offering unobstructed views of the Petronas Twin Towers. It is strategically located next to Marc Service Residence. As an older condominium, it was launched before the 1997 Asian economic crisis.
Market Positioning: Kirana represents a more affordable entry point into KLCC luxury, largely attributable to its age. While its low density and shared hotel facilities are unique, the property has historically contended with noise disturbances from nearby clubs. Kirana's lower psf compared to Marc Residence suggests that despite a similar prime location, Marc's serviced residence model and likely better-maintained or more contemporary amenities (given its later completion) contribute to its higher valuation.
K Residence (Completed 2007):
Median Transacted Price (Oct 2023 - Sep 2024): RM 981 psf
Key Features: Completed in the same year as Marc Residence (2007), comprising 188 units. It is situated adjacent to Avenue K, directly opposite KLCC.
Market Positioning: Similar in age to Marc Residence, K Residence exhibits a slightly lower median psf. This difference could stem from various factors, including specific unit types, perceived distinctions in overall quality, or the comprehensive serviced residence offering that differentiates Marc Residence.
The Ritz-Carlton Residences Kuala Lumpur (Completed 2017):
Median Transacted Price (Sep 2023 - Aug 2024): RM 2,385 psf
Key Features: An ultra-luxury serviced residence standing 48 floors high with a total of 288 units, completed more recently in 2017. It is distinguished by its premium branding and bespoke service offerings.
Market Positioning: This property commands a significantly higher price point, which is a direct reflection of its more recent completion, prestigious branding, and an ultra-luxury service level. It serves as a benchmark for the very top tier of the KLCC luxury market.
The Binjai On The Park (Condominium, Freehold):
Median Transacted Price (Feb 2024 - Jan 2025): RM 1,867 psf
Key Features: Located directly adjacent to the expansive KLCC Park, providing highly coveted park views. It is widely considered one of Kuala Lumpur's most prestigious condominiums.
Market Positioning: This property occupies a higher price tier than Marc Residence, a reflection of its direct park frontage and its established ultra-luxury status. While one snippet suggests a price drop to RM 934,000 in 2024 , the iProperty/Brickz data, which compiles a median from multiple transactions over the same period, indicates a median of RM 1,867 psf with a 15.61% YoY increase in psf. The aggregated median from iProperty is generally a more reliable representation of the overall price trend.
3.2. Insights into Competitive Positioning and Value Discrepancies
The comparative analysis reveals a clear stratification within the KLCC luxury market. Marc Residence, despite its completion in 2007, maintains a competitive median price point of RM 1,139 psf. This pricing places it distinctly above older, non-serviced residences such as Kirana Residence (RM 759 psf) and K Residence (RM 981 psf), and even slightly above One KL (RM 1,026 psf). This positioning underscores that Marc Residence's serviced residence model, comprehensive amenities, and prime location continue to command a notable premium in the market.
The substantial price disparity between Marc Residence and ultra-luxury properties like The Ritz-Carlton Residences (RM 2,385 psf) and The Binjai On The Park (RM 1,867 psf) highlights a clear segmentation within the market. These higher-tier properties typically offer newer construction, more exclusive branding, often larger unit sizes, and potentially more bespoke, personalized services, which collectively justify their higher per-square-foot valuations.
Marc Residence appears to occupy a strategic "sweet spot" within the KLCC luxury property market. Its median price falls squarely in the mid-range of KLCC luxury properties, positioned significantly above older, non-serviced condominiums but substantially below the newest, ultra-luxury developments. This suggests that Marc Residence offers a strong value proposition, providing the core benefits of a prime KLCC location and luxury amenities without the prohibitive price tag of the absolute top tier. This makes it appealing to a broader segment of luxury buyers and renters, potentially leading to more stable demand and reduced vulnerability to oversupply within the ultra-luxury segment.
Furthermore, a comparison of properties of similar vintage, such as Marc Residence (2007 completion) and One KL (2006 completion), shows that Marc Residence commands a slightly higher median psf in recent transactions (RM 1,139 versus RM 1,026). Kirana Residence, an even older property (pre-1997), has a significantly lower average psf (RM 759). This observation indicates that while a property's age is a relevant factor, it is not the sole determinant of value in the KLCC market. The "serviced residence" aspect, the quality of maintenance, and specific amenity offerings (like Marc's comprehensive facilities) play a crucial role in maintaining and enhancing property value, even for condominiums over a decade old. The market appears to differentiate based on the overall living experience and service level provided, rather than solely on the year of completion.
It is also important to address data inconsistencies, such as the conflicting reports regarding The Binjai On The Park's 2024 price. The iProperty/Brickz data, which provides a median transacted psf over a 12-month period, is generally more robust for trend analysis than a single reported price drop, which could be an outlier or specific to a particular unit. For sophisticated investors, relying on aggregated median transaction data from reputable property portals is crucial for an accurate market assessment. Individual anecdotal reports or specific unit sales may not always reflect broader market trends.
Table: Comparative Median RM psf for KLCC Luxury Condominiums (2024-2025)
Property Name
Completion Year
Median RM psf (Latest 12-month period)
Data Period (Approx.)
The Ritz-Carlton Residences
2017
RM 2,385
Sep 2023 - Aug 2024
The Binjai On The Park
N/A
RM 1,867
Feb 2024 - Jan 2025
Marc Residence
2007
RM 1,139
Feb 2024 - Jan 2025
One KL
2006
RM 1,026
Nov 2023 - Oct 2024
K Residence
2007
RM 981
Oct 2023 - Sep 2024
Kirana Residence
Pre-1997
RM 759 (Average)
N/A (Average Sold Price)
4. Walkability Assessment: Marc Residence
Marc Residence boasts an exceptional walkability profile, a highly desirable attribute for prime urban living. Its strategic location at 3 Jalan Pinang ensures that residents are within immediate reach of major attractions and essential services, significantly reducing the reliance on private transportation for daily needs and leisure activities.
4.1. Proximity to Key Amenities, Public Transportation, and Lifestyle Hubs
The property's location offers unparalleled access to a dense network of urban conveniences:
Iconic Landmarks and Shopping: Marc Residence is remarkably close to the very heart of KLCC, being only 330-340 meters from the Petronas Twin Towers and Suria KLCC shopping center. This places residents directly within walking distance of one of Southeast Asia's most famous landmarks and its adjoining premier retail hub. Other significant shopping destinations, such as Pavilion Kuala Lumpur and Sungei Wang Plaza, are also easily accessible, extending the retail and entertainment options available.
Public Transportation: The condominium benefits from excellent integration with Kuala Lumpur's public transport infrastructure. The KLCC LRT Train Station is a mere 430-450 meters away, providing rapid transit across the city. Additionally, the Raja Chulan Monorail Station is conveniently located within 500-510 meters. This robust public transport connectivity enables seamless travel to various city districts, including Kuala Lumpur Sentral Station, which is approximately a 21-minute subway ride away.
Parks and Green Spaces: For recreation and relaxation amidst the urban landscape, residents can enjoy leisurely strolls in nearby green spaces. KLCC Park, a sprawling 50-acre urban park, and the smaller Standard Chartered Bank Park are both within easy walking distance.
Dining and Nightlife: The immediate vicinity of Marc Residence is a vibrant hub for dining and entertainment. Numerous popular bars, including Ava Bistro, Healy Mac's (KLCC), and WET Deck at W Kuala Lumpur, are accessible on foot. Jalan P Ramlee, renowned as a prominent clubbing street, is also just a few minutes' drive or a short walk away, offering extensive nightlife options.
Healthcare and Convenience: Essential services are also readily available. The Twin Tower Medical Clinic is located 370 meters from the property , and a 7-Eleven convenience store is even closer, at just 240 meters away.
4.2. Impact on Resident Experience and Property Value
The high walkability index of Marc Residence significantly elevates the resident experience by offering unparalleled convenience and immediate access to a dynamic urban lifestyle. This directly translates into several tangible benefits for the property's value and market appeal.
The ability to easily walk to work, premier shopping centers, diverse dining establishments, and entertainment venues is a highly sought-after characteristic in prime city centers, making the property exceptionally attractive to both local and international residents. This convenience reduces the stress and cost associated with daily commutes, as residents are less reliant on private vehicles. For urban dwellers, this translates into significant savings in time and transportation expenses, which is a major draw.
From an investment perspective, properties with high walkability typically experience stronger rental demand. This is particularly true for expatriates and corporate tenants who prioritize ease of access to city amenities and public transport. This robust demand contributes to more stable rental yields and lower vacancy rates, enhancing the overall profitability for investors. Furthermore, properties situated in highly walkable, central locations tend to preserve and appreciate their value more consistently over time. The inherent desirability of such prime locations remains high, irrespective of broader market fluctuations, making them resilient assets.
While Marc Residence was completed in 2007, its exceptional walkability and strategic location are timeless attributes that do not diminish with age. This strong locational advantage helps Marc Residence remain highly competitive against newer, often flashier, developments that might be situated in slightly less central or less walkable areas. The intrinsic value derived from its location acts as a powerful counterbalance to its age, ensuring its continued relevance and desirability in the competitive KLCC market. This makes walkability a key driver of liquidity and yield for the property.
5. Marc Residence vs. Newer Developments: Aria Residence
This section provides a comparative analysis between Marc Residence and Aria Residence, a newer luxury condominium located in the vicinity of KLCC, highlighting their differences in age, design philosophy, range of facilities, and current market pricing.
5.1. Comparative Analysis
Marc Residence:
Completion: August 2007
Median Transacted Price (Feb 2024 - Jan 2025): RM 1,139 psf
Developer: Beverly Tower Development (part of Beverly Group), a developer with a long and reputable history dating back to 1980 and extensive international collaborations.
Facilities: Offers a comprehensive array of amenities, including an infinity pool, gymnasium, tennis courts, a spa lounge, games room, and barbecue area. It operates under a serviced residence concept, providing hotel-like conveniences.
Design: Features an established, classic luxury condominium design. Units are typically furnished and include well-equipped kitchens.
Location: Situated at 3 Jalan Pinang, directly adjacent to the Petronas Twin Towers and Suria KLCC, placing it in an unparalleled, central position.
Aria Residence:
Completion: Q4 2019
Current PSF (Asking/Selling Price): RM 1,664.98 psf. It is important to note that this figure represents a selling or asking price, not necessarily a median transacted price, which could vary.
Developer: Hap Seng Land, a reputable company with a proven 50-year track record in property development.
Facilities: Boasts state-of-the-art and extensive facilities, spanning approximately 65,000 square feet (1.5 acres), making it one of the largest facility spreads in the city center. Amenities include a 50-meter Olympic-size pool, a hydro gym pool, a mini library, games room, gourmet kitchen, and viewing decks. It also provides a 24-hour concierge service and a multi-tier, state-of-the-art security system.
Design: Characterized by modern, clean lines, optimized space utilization, and large windows that offer a sense of openness.
Location: Located on Jalan Tun Razak, within the broader KLCC area. While still a prime KLCC address, its precise proximity to the Petronas Twin Towers might differ slightly from Marc Residence's immediate adjacency.
5.2. Strategic Implications for Marc Residence
The comparative analysis between Marc Residence and Aria Residence illuminates a generational evolution in luxury condominium offerings within KLCC.
Aria Residence, being over a decade newer, embodies contemporary architectural design and modern living concepts. Its facilities are described as "state-of-the-art" and among the "largest in the city centre" , reflecting the latest trends in luxury amenities and a focus on expansive communal spaces. Marc Residence, while well-maintained and offering a comprehensive suite of facilities, represents an established, classic luxury.
In terms of price point, Aria Residence commands a significantly higher asking price per square foot (RM 1,664.98 psf) compared to Marc Residence's median transacted price of RM 1,139 psf. This price difference is primarily attributable to Aria's newer completion, its modern design aesthetic, and potentially more technologically advanced communal spaces and services.
This comparison highlights a clear divergence in value propositions. Aria Residence targets buyers who seek the absolute latest in luxury residential design and amenities and are willing to pay a premium for modernity. Marc Residence, while undoubtedly luxurious, offers a more "classic" luxury experience at a comparatively more accessible price point for a prime KLCC address. This means Marc Residence is not primarily competing on "newness" but rather on its established quality, enduring location, and a more attainable luxury price, which can be a strong draw for a distinct segment of the market.
Despite being over a decade older than Aria, Marc Residence demonstrates robust market performance, indicated by its healthy 11.56% year-over-year increase in median psf. This positive trend occurs in a market where Kuala Lumpur generally faces a "sizable housing overhang," particularly in the higher-end high-rise apartment segment. This strong performance suggests that prime, well-located, and well-managed older luxury properties like Marc Residence exhibit resilience against market oversupply and the allure of newer developments. Their established reputation, proven rental demand, and irreplaceable location act as strong buffers, making them robust long-term investments even as the market introduces more modern alternatives. The observed "flight-to-quality" trend in the broader market likely benefits such established prime assets, reinforcing their value retention and continued desirability.
6. Conclusion and Market Outlook
6.1. Synthesis of Findings
Marc Residence at 3 Jalan Pinang stands as a compelling and well-positioned luxury condominium within the highly sought-after KLCC precinct. Its core strengths are rooted in an irreplaceable, ultra-prime location directly adjacent to the Petronas Twin Towers and Suria KLCC, ensuring exceptional walkability to key amenities, public transportation hubs, and vibrant lifestyle destinations. The property's distinctive serviced residence model offers a unique blend of residential comfort and hotel-like convenience, making it particularly appealing to a diverse demographic, including expatriates and business travelers. Despite its completion in 2007, Marc Residence maintains a comprehensive suite of facilities that remains competitive within the luxury segment, and it benefits significantly from the strong reputation and extensive track record of its developer, Beverly Group.
In terms of market performance, Marc Residence has demonstrated robust appreciation, with its median transacted price increasing by 11.56% year-over-year to RM 1,139 psf for the period of February 2024 to January 2025. This positions it favorably within the KLCC luxury market, offering a compelling "value luxury" proposition. It is more accessible than ultra-high-end newer developments such as The Ritz-Carlton Residences (RM 2,385 psf) and The Binjai On The Park (RM 1,867 psf), while simultaneously commanding a premium over other established luxury condominiums like Kirana Residence (RM 759 psf) and K Residence (RM 981 psf). The comparison with newer developments like Aria Residence (RM 1,664.98 psf) further underscores Marc Residence's enduring appeal, which is driven by its prime location and service quality rather than solely by its modernity.
6.2. Future Prospects for Marc Residence within the KLCC Luxury Segment
The outlook for Marc Residence remains positive, supported by several fundamental and market-driven factors:
Enduring Location Premium: The property's prime KLCC address is an intrinsic and timeless asset that will continue to drive demand and value. As the KLCC area continues to mature and develop, properties situated in such core, irreplaceable locations tend to exhibit consistent appreciation.
Resilience of the Serviced Residence Model: The distinct serviced residence concept provides Marc Residence with a significant competitive advantage. It caters effectively to a niche market segment that prioritizes convenience and hotel-like services, which is likely to ensure consistent rental yields and lower vacancy rates.
Favorable Macroeconomic Environment: The broader Malaysian property market is currently experiencing a cautious yet positive recovery, marked by growth in both transaction volume and value. This recovery is further supported by various government incentives aimed at stimulating the real estate sector. This favorable macroeconomic backdrop is expected to positively influence prime assets within KLCC.
Strategic Value Proposition in a Segmented Market: Marc Residence's positioning as a "value luxury" option within KLCC allows it to appeal to a substantial segment of discerning buyers and investors. These individuals seek an optimal balance between prestige, comprehensive amenities, and a more accessible price point. This strategic niche can contribute to sustained demand, even with the continuous emergence of newer, more expensive developments in the vicinity.
Potential for Continued Capital Appreciation: Given its current median psf relative to ultra-luxury peers and its recent positive year-over-year growth, Marc Residence demonstrates potential for continued capital appreciation. This is particularly likely if the broader KLCC market sustains its upward trend and if foreign investment, potentially spurred by initiatives like the Malaysia My Second Home (MM2H) program, continues to increase.
While the KLCC market is navigating a housing overhang, particularly within the higher-end high-rise segment , Marc Residence's established reputation, its unassailable prime location, and its distinctive serviced offering position it well to navigate these market dynamics. These attributes ensure its continued desirability as a robust, blue-chip asset within Kuala Lumpur's premier urban core.
Works cited
1. Marc Residence JMB - JMBMALAYSIA.ORG, https://jmbmalaysia.org/listing/marc-residence-jmb/ 2. Developer - Official MILLA Residence, https://milla.com.my/developer/ 3. Marc Residence KL, Kuala Lumpur | 2025 Updated Prices, Deals - Agoda.com, https://www.agoda.com/marc-residence-kl/hotel/kuala-lumpur-my.html 4. Marc Residence KLCC, Kuala Lumpur | 2025 Updated Prices, Deals - Agoda.com, https://www.agoda.com/marc-residence-klcc/hotel/kuala-lumpur-my.html 5. 3 Min Walk to KL Twin Towers @ Marc Residence KLCC, Kuala Lumpur | 2025 Updated Prices, Deals - Agoda.com, https://www.agoda.com/3-min-walk-to-kl-twin-towers-marc-residence-klcc/hotel/kuala-lumpur-my.html 6. Marc Residence KLCC Suites Reviews, Deals & Photos 2025 - Expedia, https://www.expedia.com/Kuala-Lumpur-Hotels-Marc-Residence-KLCC-Suites.h33236907.Hotel-Information 7. Home v1 - Aria Luxury Residence, https://aria.com.my/home-v1/ 8. MARC RESIDENCE KLCC SUITES | KUALA LUMPUR, MALAYSIA | SEASON DEALS FROM $57, https://marc-residence.hotels-kualalumpur.com/en/ 9. Marc Residence KLCC Studio Apartment, Kuala Lumpur | 2025 Updated Prices, Deals, https://www.agoda.com/marc-residence-klcc-studio-apartment/hotel/kuala-lumpur-my.html 10. Kuala Lumpur Sentral Station to Marc Residence - 4 ways to travel via subway - Rome2Rio, https://www.rome2rio.com/s/Kuala-Lumpur-Sentral-Station/Marc-Residence-A-6-01-Jalan-Pinang-Kuala-Lumpur-50450-Kuala-Lumpur-Wilayah-Persekutuan-Kuala-Lumpur-Malaysia 11. Residential Transactions in Marc Residence - brickz.my | iProperty.com.my, https://www.iproperty.com.my/transaction-price/residential/kuala-lumpur/klcc/marc-residence-pty_63240/ 12. Residential Transactions in The Ritz Carlton Residences - brickz.my | iProperty.com.my, https://www.iproperty.com.my/transaction-price/residential/kuala-lumpur/klcc/the-ritz-carlton-residences-pty_64579/ 13. Residential Transactions in Klcc - brickz.my | iProperty.com.my, https://www.iproperty.com.my/transaction-price/residential/klcc-mycty_51840/ 14. Residential Transactions in One Kl - brickz.my | iProperty.com.my, https://www.iproperty.com.my/transaction-price/residential/kuala-lumpur/klcc/one-kl-pty_63166/ 15. Kirana Residence - StarProperty, https://www.starproperty.my/kuala-lumpur/kl-city-centre/klcc/kirana-residence/property-insights/112 16. Kirana Residence, KLCC Insights, For Sale and Rent | EdgeProp.my, https://www.edgeprop.my/project/kirana-residence-10154 17. K Residence @ KLCC residential transaction prices - iProperty, https://www.iproperty.com.my/transaction-price/residential/kuala-lumpur/klcc/k-residence-klcc-pty_64423/ 18. K Residence @ KLCC Condos for Sale, 2025 | PropertyGuru Malaysia, https://www.propertyguru.com.my/property-for-sale/at-k-residence-klcc-1904 19. The Ritz-Carlton Residences - Serviced residence For Sale/Rent - 2025 - iProperty, https://www.iproperty.com.my/building/the-ritz-carlton-residences-pty_64579/ 20. Residential Transactions in The Binjai On The Park - brickz.my | iProperty.com.my, https://www.iproperty.com.my/transaction-price/residential/kuala-lumpur/klcc/the-binjai-on-the-park-pty_61299/ 21. Beyond just yields: What is the rental trend for KL ... - KL Property Talk, https://www.klpropertytalk.com/2025/07/beyond-just-yields-what-is-the-rental-trend-for-kl-city-centre-today/ 22. Aria - Serviced residence For Sale/Rent - 2025 - iProperty, https://www.iproperty.com.my/building/aria-pty_63623/ 23. Aria Luxury Residences (Completion 2019 Q4) - Apartment Kuala Lumpur, https://www.apartmentkualalumpur.com/aria-luxury-residences/ 24. Aria, - Jalan Tun Razak Kuala Lumpur, KLCC, KL City Centre, Kuala Lumpur, 2 Bedrooms, 991 sqft, Condominium For Sale, by Michelle Ong, 27304400 - PropertyGuru Malaysia, https://www.propertyguru.com.my/property-listing/aria-for-sale-by-michelle-ong-27304400 25. Facilities - Aria Luxury Residence, https://www.aria.com.my/facilities/ 26. Kuala Lumpur Real Estate 2025: Surprising Trends, Price Shifts & Bold Outlook - TS2 Space, https://ts2.tech/en/kuala-lumpur-real-estate-2025-surprising-trends-price-shifts-bold-outlook/ 27. Malaysia's 2024 property transactions hit highest levels in decade | JPPH, https://www.jpph.gov.my/v3/wp-content/uploads/2025/03/24_NST-26.02.2025-Malaysia_s-2024-Property-Transactions-Hit-Highest-Levels-in-Decade.pdf
Quote is from Paul Arden’s book. I buy a copy for each and every Kirana building manager
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THE CMA FOR MARC RESIDENCE 3 Jalan Pinang Kuala Lumpur IS WHOLLY THE WORK OF GEMINI AI. The AI’s sources cited may contain errors.
Above Picture Is Not The Author. Any complaints please ask Gemini AI 🤪😦😂😊
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