The Meritz, KLCC
The Meritz is a freehold apartment located in KLCC, KL City Centre. There are 110 units available at this project with built-up from 1,076 sf to 1,410 sf. It was developed by Wing Tai Malaysia Bhd (fka DNP Holdings) with a launch price of around RM750 psf, and was completed about Apr 2008.
Wing Tai Malaysia Bhd (fka DNP Holdings) is a mid-sized real estate company listed on KLSE, and it has undertaken around 14 real estate projects in Malaysia. Other similar projects by the same developer are Kondominium 8, Lanson Place, Le Nouvel, Mahkota Impian, Nobleton Crest, Scotland Park and Verticas Residensi.
This apartment has many amenities nearby, such as universities, metro transport stations, hospitals and schools. The following are some of the major universities here:
- Erican College (KLCC Campus)
- Optopreneur College
- Premier College
- Sal College KL
- Universiti Tun Abdul Razak
- Universiti Tun Abdul Razak (Unirazak)
- Universities 21 Global
- University Of Wolverhampton
- Yes International College (fka Yes Academy)
As for metro transport stations, there are LRT Ampang Park, LRT KLCC and LRT Kampung Baru.
The current market prices for The Meritz are from RM1,300,000 to RM1,620,000 (about RM1,110 psf); while the monthly rentals are from RM4,300 to RM4,500 (about RM3.18 psf). The highest median price psf ever recorded was RM1,376 psf in Q1 2015; while the lowest one was RM750 psf in Q1 2006.
The current rental yield of The Meritz is around 4.5%, compared to 4.43% a year ago in Q2 2018. The highest rental yield ever recorded was 8.16% in Q4 2009; while the lowest one was 3.6% in Q1 2019. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at The Meritz is 2-bedroom / 1,357 sf with a median price of RM1,110 psf. For price wise, the most expensive one is 2-bedroom / 1,076 sf with a median price of RM1,210 psf; while the cheapest one is 2-bedroom / 1,357 sf with a median price of RM1,110 psf.
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