Menara 1, KL Eco City
Menara 1 (also known as The Strata Offices) is a leasehold office building that is located in KL Eco City, Mid Valley City. The built-up available at this property is 1,035 sf to 1,459 sf. It was developed by SP Setia Bhd, and was completed in about 2018.
SP Setia Bhd is a huge real estate company listed on KLSE, and it has constructed around 368 real estate projects in Malaysia. Other similar projects by the same developer are Aspire Tower, Menara 2, Menara 3, Menara 3A, Menara Pacific, Mercu 2, Mercu 3 and Setia Corporate Tower.
This office building has some amenities nearby, for example universities, transit stations, hospitals and schools. The following are some of the main universities here:
- Bakti College
- Meritus University
- Shekinahgrace Bible College
- Universiti Kuala Lumpur
- University Of Malaya
- University Of Malaya Centre For Continuing Education (UMCCed)
As for transit stations, there are Komuter Angkasapuri, Komuter Mid Valley, Komuter/LRT Abdullah Hukum, LRT Bangsar and LRT Kerinchi. There are also some hospitals here, i.e. Hospital Bapak Aqu, IHEAL Medical Centre, Pantai Hospital Kuala Lumpur and Pantai Medical Centre.
Lastly, the schools here are SK Bangsar, SRA Masjid Abu Bakr As Siddiq and Sri Dasmesh International School.
The current rental yield of Menara 1 is around 5.65%, compared to 3.84% a year ago in Q2 2021. The highest rental yield ever recorded was 6.25% in Q2 2022; while the lowest one was 2.76% in Q3 2018. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at Menara 1 is 1,035 sf with a median price of RM1,160 psf. For price wise, the most expensive one is 1,459 sf with a median price of RM1,270 psf; while the cheapest one is 1,035 sf with a median price of RM1,160 psf.
Latest Menara 1 sale listings:
| Date | Property Type | Built-up | Price |
|---|---|---|---|
| 4 Sep 2023 | Office | 1,370 sf | RM1,700,000 |
| 14 Aug 2023 | Office | 3,119 sf | RM2,807,100 |
| 6 Aug 2023 | Office | 1,370 sf | RM1,700,000 |
| 7 Jul 2023 | Office | 1,370 sf | RM1,673,085 |
| 26 Jun 2023 | Office | 1,049 sf | RM1,113,000 |
| 26 May 2023 | Office | 1,370 sf | RM1,673,085 |
| 21 Nov 2022 | Office | 1,035 sf | RM1,190,250 |
| 21 Nov 2022 | Office | 1,035 sf | RM1,200,000 |
| 11 Nov 2022 | Office | 7,800 sf | RM9,300,000 |
| 11 Nov 2022 | Office | 3,700 sf | RM4,800,000 |
Latest Menara 1 rental listings:
| Date | Property Type | Built-up | Rental |
|---|---|---|---|
| 15 Aug 2023 | Office | 1,035 sf | RM7,000 |
| 28 Nov 2022 | Office | 1,035 sf | RM6,000 |
| 24 Nov 2022 | Office | 1,035 sf | RM5,500 |
| 21 Nov 2022 | Office | 1,035 sf | RM6,900 |
| 11 Nov 2022 | Office | 7,000 sf | RM35,000 |
| 11 Nov 2022 | Office | 7,000 sf | RM35,000 |
| 10 Nov 2022 | Office | 1,035 sf | RM6,500 |
| 7 Nov 2022 | Office | 3,119 sf | RM18,714 |
| 2 Nov 2022 | Office | 1,035 sf | RM6,300 |
| 2 Nov 2022 | Office | 2,494 sf | RM12,470 |