Market Insight
Project Overview
- Hanaz Suites is a freehold serviced residence in the KLCC precinct, developed by EXSIM Group, also referred to as Kyliez Phase 2. The project was launched in 2024
- It is a single 45-storey tower housing 270 exclusive units
- The development spans a compact 0.34–0.365 acre site
Unit Layouts & Sizes
- Type C (Studio): ~323 sq ft, 1 bedroom, 1 bathroom
- Type A (2-bedroom): ~484 sq ft, 2 bedrooms, 1 bathroom
- Type B (Dual-key 2-bedroom): ~657 sq ft, 2 bedrooms, 2 bathrooms
Pricing & Investment Potential
- Starting prices:
- Studio: From RM 772,300.
- 2-bedroom: From around RM 1.14 million (estimated from installments RM 4XXX per month)
- Studio: From RM 772,300.
- Market listing: A dual-key 657 sq ft unit is listed at RM 1,440,000 (~RM 2,191 psf)
- PropertyGuru listing gives a broader estimated price range of RM 580,000–RM 1,330,000, with psf between RM 829–RM 2,479
- The project is targeted for those seeking healthy rental yields, both for short-term (Airbnb) and long-term rental strategies
Expected Rental Returns & ROI
- The developer claims short-stay rental occupancy of around 80–90%, with average day rates near RM 280/day, yielding 8–10% ROI potential
- A dedicated operator, Mana Mana Hospitality, is engaged to manage rental operations efficiently, handling everything from tenant management to finance reporting.
- Forum discussions show mixed sentiments among investors. One user commented:
“After all expenses and operator's sharing portion, I don’t think it covers the installment in KLCC area. In future, just too much supply coming out.”
This highlights the importance of carefully modeling cash flow post-management fees and market supply.
