Last updated: January 2024
Kuala Lumpur (KL), the capital and heart of Malaysia, is and always will be someone's dream destination to visit and, more than likely, call it home.
KL has much more to offer than simply the fancy malls and sparkling Petronas Towers that are its most famous attractions.
KL, on the other hand, does in fact provide expats with a cozy, familiar, and even opulent lifestyle at a fair price.
What, though, is driving you to settle in Malaysia, and more specifically in KL? I'm guessing it's because there are residences seen on every corner of KL's streets, including condos and apartments.
In KL, there are actually many luxurious and prominent condominiums as well as many reasonably priced and cheap condos where you may reside.
Therefore, if you are one of those considering moving to KL or looking to purchase property here, this post would be a very good one to read as we will be giving you a lot of facts and information you might also be looking for and of course, some other details that you might as well be curious about.
How much does an apartment in Kuala Lumpur cost?
How much does an apartment cost in KL? - Cheapest Condo KL
Are you currently living or just simply planning to have a vacation in Kuala Lumpur?
I bet one of the top factors you've been searching for is of course how much does an apartment in Kuala Lumpur cost, isn’t it?
With that, we will be starting off with the most updated price list of apartments in KL that you might be looking for or might as well consider to live or have a vacation in.
| Apartment Size | Area in KL | Average Monthly Rent (RM) |
|---|---|---|
| 85 m2 (900 sqft) - furnished | Expensive Area | RM3,547 |
| 85 m2 (900 sqft) - furnished | Normal Area | RM2,275 |
| 45 m2 (480 sqft) - furnished studio | Expensive Area | RM1,938 |
| 45 m2 (480 sqft) - furnished studio | Normal Area | RM1,258 |
Remember, the costs will still vary depending on the area where the apartment is located–basically if it is located in central areas, expect that the cost will be much more expensive.
And, of course, the size of the apartment would also be one of the factors that will affect the cost of such an apartment.
So, if you want to save up some money and don’t want to spend too much on it, might as well consider finding such an apartment that is not located or nearly located in central areas.
And if you are just solo or with a partner, a studio apartment is what we would highly recommend for you to live or have a vacation with.
Recommended: Is Malaysia Cheap?
Why should I stay in a Kuala Lumpur condo?
Why would you want to live in a condo? - Cheapest Condo KL
Not just that Kuala Lumpur has a lot of condos you can choose from to live or have vacation, but condos here in KL are just surprisingly cheap, especially when we compare them to similar cities such as Bangkok.
In general, you may locate a lot of outstanding condominiums that satisfy the RM 1 million minimum investment requirement.
Condos in this area are less expensive than the global average, but it also means that rental returns are low at only approximately 3%.
However, Malaysia's economy is expanding quickly, and the real estate market in Kuala Lumpur is gradually improving.
Learn more: Guide to Malaysia Cheapest Mercedes
What are the pros and cons of buying a condo in KL?
Pros & Cons of Buying a Condo - Cheapest Condo KL
Living and buying a condo will always have its own pros and cons–just like everywhere else you go.
So, before deciding if it will be really a good and smart idea to buy a condo in KL, let us first discuss with you what are the things you need to expect in a condo living in KL.
Benefits of Living in Condo in KL
1. Low utility costs
Due to their smaller size, condos require less power than landed homes.
Because you don't need to heat or cool your living space, condos with high insulation consume less energy.
The nicest thing about a budget condo is that it might lower your regular electrical costs.
2. Easy to manage
Having a condo allows you to spend more time on other things and less time on home repair because your home is relatively tiny.
It would also be easier and quicker to clean your home, which is great for people with hectic schedules.
3. 24-hour security
Common condos in Malaysia are well-protected by surveillance cameras and have safe entrances.
Many of these strata residences have 24/7 private security and are gated.
Additionally, you may rest easy knowing that a skilled management staff, such as JMB (Joint Management Body) or Management Corporation (MC), will keep your residence well-maintained and safe.
4. Facilities
If you want to swim or join a gym, you don't have to travel far or spend a penny as most condominiums offer these amenities.
You may very easily engage in various leisure activities just outside your door, whether you want to take a break from the daily grind or engage in them as a family to strengthen your bonds.
5. Excellent accessibility
In Malaysia, modern condominiums are typically situated close to a variety of facilities in the city's center.
Condominiums are frequently large, opulent, and conveniently situated close to transportation hubs.
When you buy a condo, you can also count on seeing a solid return on your investment.
Related: Brands that are Cheaper in Malaysia
Disadvantages of Living in Condo in KL
Disadvantages of living in a condo - Cheapest Condo KL
1. Poor sound insulation
Condominiums would not be your first option if you were seeking a peaceful setting for your family and children.
You won't have any trouble adjusting to the living situation if you grew up in a high-rise building.
Buying a condo property may depend on your luck.
2. Limited parking spaces
The amount of cars that can park in places for residents or guests varies among condominium buildings.
Parking spots often have a monthly or annual price, with additional charges that will be added to your bill.
Parking on the street and in nearby lots are other alternatives.
3. Pets restriction
Finding out if a new condo is a healthy place for your pet is vital if you want to relocate there.
It's important to check before making any decisions since some units charge a pet deposit.
If there are too many complaints from other residents, you might need to relocate or move your pet.
4. High management fees
In Malaysia, young professionals who prioritize comfort, accessibility, and affordability are growing more and more interested in condos.
You should take into account the expense of monthly maintenance fees as well as security and upkeep expenditures if you own a condominium.
If you're purchasing a higher-priced apartment or a newer condominium development, you might not be able to afford them.
5. Space-constrained living spaces
A condo is smaller than a house in size.
A smaller area might seem constrained and confined despite how simple it is to keep tidy.
There is no room for movement, therefore minimalists frequently find it ideal.
If you don't enjoy being in small places, it might not be the best option for you.
Learn also: Is it easy to get personal loan in Malaysia?
Top 3 New Luxury Condo Developments in KL This Year
New luxury condo developments in KL to invest - Cheapest Condo KL
1. Pavilion Ceylon Hill
A luxurious condo complex with amenities including an open-air jacuzzi, an infinity sky pool, gardens, and more is located close to KL Eco City Park.
One-bedroom flats and Dual Key condos are available, with unit sizes ranging from 540 square feet to 1,374 square feet.
The single, 51-story residential tower in the freehold premium property has 629 flats.
Price: from RM900,000
2. Setia Sky Seputeh
On 4.4 acres of freehold land, the Setia Sky Seputeh development in the vicinity of Mid Valley City is constructed.
The amenities are opulent, ranging from a beach platform at level seven to a Sky Rooftop Podium with pools, spas, lounges, gardens, music and game rooms, a fitness center, and more at level thirty-six.
Price: from RM2,100,000
3. Aria Residence KLCC
Because of its amenities and location, Aria Residence by Hap Seng Land, which was built in 2019, is a fantastic choice for an investment.
It's a terrific location to live in Malaysia with excellent service standards, upscale concierge services, and expansive recreational areas.
Units in the freehold property range in size from 630 sq. to 1,502 square feet
Price: from RM880,000
Cheapest Condo KL
| Cheapest Condominium in KL | Size | Average Price |
|---|---|---|
| Rumahwip Setapak | 806 sq ft | RM 300,000 |
| Desa Sri Hartamas | 650 sq ft | RM 200,000 |
| Bayu Tasik 2, Cheras | 926 sq ft | RM 430,000 |
| TWY Mont Kiara | 662 sq ft | RM 650,000 |
| Emerald Hills Cheras | 840 sq ft | RM 488,205 |
Isn't choosing to live in Malaysia, more especially in Kuala Lumpur, one of the finest choices you will ever make?
If not residing here, taking a little trip would be among the nicest things you could ever do and would undoubtedly provide the best break you could ever want.
We hope you will be taking note of all the information and reminders we've provided above now that you have an idea of how much condos or apartments cost in Kuala Lumpur and why it is a smart idea to buy a condo here.
Keep in mind that finding the best home for your lifestyle should still be your main priority; do not always base your decision just on the price or location of the condo.
Finding the ideal home will always be important and will be where you will spend the most of your time; in other words, it should be your safe haven.
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