Binjai 8, KLCC
Binjai 8 is a freehold SOHO building located in KLCC, KL City Centre. There are 310 units available at this project with built-up from 753 sf to 1,031 sf. It was developed by UOA Development Bhd with a launch price of around RM840 psf, and was completed about 2013.
UOA Development Bhd is a very big-sized real estate company listed on KLSE, and it has undertaken around 53 real estate projects in Malaysia. Other similar projects by the same developer are Bangsar South, Desa Green, Le Yuan Residence, Prima Setapak, Scenaria, South View, Southbank Residence, The Park Residences, The Vertical and Vertical Business Suites.
This SOHO building has many amenities nearby, such as universities, hospitals, metro transport stations and schools. The following are some of the major universities here:
- Erican College (KLCC Campus)
- Optopreneur College
- Premier College
- Raffles College Of Higher Education
- Universiti Tun Abdul Razak (Unirazak)
- Yes International College (fka Yes Academy)
As for hospitals, there are ALPS Medical Centre, HSC Medical Center and Twin Towers Medical Center. There are also some metro transport stations here, e.g. LRT Ampang Park and LRT KLCC.
The current market prices for Binjai 8 are from RM850,000 to RM1,270,000 (about RM1,120 psf); while the monthly rentals are from RM3,000 to RM5,500 (about RM3.98 psf). The highest median price psf ever recorded was RM1,358 psf in Q3 2010; while the lowest one was RM1,000 psf in Q4 2010.
The current rental yield of Binjai 8 is around 4.03%, compared to 4.09% a year ago in Q2 2018. The highest rental yield ever recorded was 5.91% in Q4 2012; while the lowest one was 4.0% in Q4 2017. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Binjai 8 is 1-bedroom / 761 sf with a median price of RM1,120 psf. For price wise, the most expensive one is 2-bedroom / 1,031 sf with a median price of RM1,230 psf; while the cheapest one is 1-bedroom / 761 sf with a median price of RM1,120 psf.
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