Kuala Lumpur's evolving city skyline is redefining the landscape of its real estate future, why is that so?

With the rise of many new developments such as Merdeka 118 and the Tun Razak Exchange (TRX), beyond its inspiring architecture is that it brings an incremental increase in retail & office spaces and with it, comes a direct demand for residential high-rise property market in tow.

With the completion of both the iconic buildings many Purposeful Built Offices (POBs) are created and it signals more than the rise of new towers, it represents Kuala Lumpur’s transformation into a globally competitive investment destination point and influx of new businesses, with it new demand for high-rise residential properties within Kuala Lumpur is mushrooming too and marks the rebirth of Kuala Lumpur city center .

Based on a report by HB Malaysia, Property Outlook 2025, they state that the supply of purpose built offices (PBOs) in Kuala Lumpur increased to 9.657 million sq metres as at Q3 2024 of which approximately 7.554 million sq metres or about 78% of the total space available is located within the KL City Centre. And only 2.102 million sq metres is Outside of the City Centre (Source: NAPIC & Henry Butcher)

With the growth and availability of these office spaces, there is an indirect demand for residential properties and it brings the effect of leading to companies setting up their bases. With this, it has brought to strong capital appreciation of high-rises.  Developments and high-rises within their vicinity enjoy steady appreciation, as demand grows among locals and expatriates seeking modern city living and working spaces.

What we see here is a correlation, whereby, the residential property market for Kuala Lumpur has recorded a positive growth. The volume of residential property transactions in Kuala Lumpur for properties above 500,001 - 1,000,000 and also 1,000,001 & above is on an increasing trend year on year since 3 years straight up to 2024. Specifically for properties above the million mark, it has grown year on year at a rate of approximately 5.4% (Source: NAPIC)

Therefore, the house price index for Kuala Lumpur high-rises has registered the highest appreciation compared to other modes of residentials such as terrace, detached and semi detached, from 215.1 to 227.5 a year ago according to NAPIC.

The infrastructure in Kuala Lumpur has also improved inline with property growth, now with its seamless connectivity within and out of the city. With direct access to MRT, LRT, and major highways, the city’s infrastructure upgrades make commuting effortless. This accessibility appeals for easy commuting within and out of KL City Centre.

As Kuala Lumpur’s skyline evolves, so does its global appeal. International media attention, tourism growth, and the entry of global brands to start up new businesses, creating the ripple effect to more demands for residential properties within the radius.

Thinking of making KL City Centre your home and workplace ? Reach out to a PropNexian today and let us help you find the perfect high-rise residence for your next chapter.

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