Central KL rents steady since H2 2024, says property firm

Central KL rents steady since H2 2024, says property firm

Juwai IQI says rates have stabilised at RM4,500 to RM5,000 and are expected to hold at this level through 2026.

kampung baru
Juwai IQI’s analysis covers residential rental transactions in three central Kuala Lumpur postcodes covering the Chow Kit and KLCC-adjacent precincts.
PETALING JAYA:
Rents for residential properties in central Kuala Lumpur have stabilised at RM4,500 to RM5,000 since the second half of 2024 and are expected to hold at this level through 2026, according to a property firm.

Juwai IQI said the average rent over the past two years stood at RM5,300.

The data reflects only three Kuala Lumpur postcode areas – 50200, 50450 and 55100 – covering Chow Kit and KLCC-adjacent precincts, based on more than 1,000 rental transactions.

Juwai IQI’s co-founder and group chief executive, Kashif Ansari, said rents previously peaked at RM6,454 in the first half of 2024, marking a 58% year-on-year increase driven by a higher number of luxury units being rented during that period.

“The surge followed a sharp pandemic-era correction that saw average rents fall to RM3,266 in early 2021 – a 38% drop from pre-Covid levels – before a rapid recovery pushed rents higher,” he said in a statement.

He said the property firm began tracking the data in 2018.

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