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Best time to rent a house in the city centre?

2020-10-28

Rental values in Kuala Lumpur generally mirror property sale prices and given the latter has been

under pressure due to the increasing housing supply and challenging economic landscape, rentals in

the KL city centre is becoming more and more appealing.


According to data from the National Property Information Centre, the existing supply of service

apartments and Small-Office Home-Office (SOHO) in KL has went up by almost five folds from 12,332

units in the first quarter of 2011 (1Q2011) to 71,689 units in 1Q2020.


Condominiums and apartments have also recorded an increase of about 74% from 140,341 units in

1Q2011 to 244,799 units in 1Q2020.


Coupled with the ongoing COVID-19 pandemic, many landlords are having a tough time securing a

tenant for their properties, especially those who were letting for short-term lease.


With many of these rental properties being vacant and landlords are more willing to negotiate on

the rental, one can easily secure tenancy for a beautifully furnished home with a wide variety of

facilities at an attractive rent in the KL city centre.


Especially for young professionals and small families, there are deals as low as RM1,500 like this

Mercu Summer Suites unit that is only 15 minutes’ walk away from the city centre and also this Setia

Sky Residences unit that would make a perfect choice for young couples at just RM2,800 per month.

This enables one to live and enjoy all the excitement and experience that the KL city centre has to

offer and even a better career development in the future.


Here are some of the merits of living in the KL city centre:

1. Enjoy the best connectivity and accessibility

Regardless of driving or taking public transport to work, you’ll find your commute is way quicker and

easier in the city centre.

Say goodbye to the long commuting hours and horrendous traffic jams as now you have multiple

modes of public transit to depend on, including buses, Monorail, KTM, LRT and MRT as well as

several highways that connects you to every major destination in the region.

All these will directly contribute to your quality of life and it is one of the main drivers that are

pulling people to live in the city centre.


2. Wide variety of amenities (as well as facilities)

The KL city centre has a wide range of amenities like shopping malls, eateries, public transits,

medical centres and many more to cater to your every need.

And the beauty of it is that all these amenities are very likely to located within walking distance of

where you stay.

On the other hand, condominiums and apartments in the city centre tend to have more premium

facilities such as hot tubs, spa, sky pool, lounge and many more, which directly contribute to a better

quality of life.


3. Plenty of career opportunities

There tend to be more job opportunities in a city centre where new businesses are mushrooming

and companies are expanding.

All these will contribute to a more dynamic job market and whether you’re a business executive,

scientist, engineer or a service industry worker, there’s demand for someone with your skills and

experience.

You’ll also network with far more people than you would if you lived in a suburban or rural area. As

you meet other professionals in your field, you’ll make connections and build relationships with the

potential to help you advance in your career. It’s easier to climb the corporate ladder.


Remember that the rental market is a fast-moving market with multiple tenants in a race to get the

best properties.

Contact us today at +603 7954 2233 or [email protected] before these deals got snapped up by

other discerning renters.

#PropNexMalaysia #PropertyAgent

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