Panorama KLCC, a freehold luxury condominium in the Kuala Lumpur City Centre (KLCC) area, is a uniquely designed architecturial masterpiece which boasts a panoramic view of the Kuala Lumpur city skyline. It is one of the condominium developments which are closer to the iconic Petronas Twin Towers, and along a row of embassies (Kenya, Morocco, Ecuador). Specifically, it is right behind Hampshire Residence (on Persiaran Hampshire), and across the road from The Meritz and K-Residence.
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Given its location, it’s no surprise that Panorama commands a premium even when compared to other top-tier Kuala Lumpur City Centre (KLCC) condominiums and apartments. Only a couple of minutes of walking distance to the LRT station and Menara Citibank as well as a score of shopping malls, Panorama KLCC occupies perhaps one of the best spots in the KLCC enclave (classified as “Zone A” as per KLCCcondominiums.com.my’s zoning classification).
Accessibility Information – And A Free Map!
Panorama, being in the heart of the KLCC enclave, enjoys superior accessibility – it can be reached easily from Jalan Yap Kwan Seng, Jalan Ampang, the SMART highway, Ampang-KL Elevated Highway and also Jalan Mayang.
This condominium has a GoodPlace Walkability Score (GWS) of 76 (on a scale from 0 to 100, with 100 being the best). For more details on what this score means, and to download a free KLCC Walkability Map (in high resolution PDF), click here (comes up in a new window).
Use this map below to check where the closest amenities to the Panorama KLCC are (click on the icons on the right to toggle the location of the hotspots).
[poiautomap address=”3.161266,101.714771″ zoom=”15″]Panorama KLCC[/poiautomap]
If you don’t mind taking the public transport, then the Suria KLCC LRT station is only a stone’s throw away. Pretty convenient. Being near Suria KLCC also means that tenants can easily get a taxi at Suria’s taxi and public transportation hub.
Lots Of Recreational Options
Tenants of Panorama can get to enjoy the KLCC recreational park which is about ten minutes away by foot. The Royal Selangor Golf Club is a little further – a couple of kilometres away. Its promixity to Suria KLCC means that residents can easily access its chic shopping outlets and fine dining restaurants.
Apart from Suria KLCC, it is also close to the mid-range Avenue K which houses restaurants like Pelita Nasi Kandar, The Smokehouse as well as The Deccan, a famous Nasi Bryani joint.
Situated further away from the clubbing area of Jalan Sultan Ismail, Panorama can be the ideal choice for small families or for individuals who want a little peace and quiet (away from the bar and clubs area). Now if you’re the clubbing kind you might as well opt for a unit at Marc Residence instead.
Panorama KLCC, with a rather unique shape, consists of two blocks of apartments (called rather unimaginatively Tower A and Tower B) with 33 floors each, housing a total of more than 220 condominiums unit. Tower A houses the entrance with only one unit per floor – very low unit per area density factor which is a major selling point. Tower B, on the other hand, houses either one or two units per floor. Still not too bad…
The apartment choices that are available are one-bedroom apartments (592-603 sq ft), two-bedroom apartments (1,152-1,249 sq ft) and three-bedroom apartments (1,798-1,819 sq ft). The units here are rather small compared to, say, the standard offerings at Troika or St Mary Residences (where the penthouses can reach up to about 6,800 sq ft in size).
Every condominium unit is furnished with top-of-the-range finishings – timber and marble flooring comes as standard. The white furnishing looks especially classy, and the full height “floor-to-ceiling” windows gives the condominium a sense of “maximized” space. Each unit has got a good view of the Kuala Lumpur skyline and its surrounding areas. It is definitely living up to its moniker!
Panorama KLCC is packed-to-the-brim with top notch facilities such as:-
- Swimming pools (full length lap pool and a play pool for children)
- Barbeque pits
- Children’s playgrounds
- Gym, sauna and steam rooms
- A resident’s only viewing deck situated on the seventh level
Healthy Take-Up Rates
A month into its launch back in early 2008, Panorama has seen a healthy take-up rate of around 60%, which is pretty high by KLCC standards. Developed by UOL Group Limited (a Singaporean developer) and General Corporation Berhad (a local property and construction conglomerate), Panorama is one of the more expensive condominiums in the KLCC area.
It is also interesting to note that the UOL Group already owns a slew of luxurious properties such as One Residency on Jalan Raja Chulan as well as the series of Parkroyal hotels – in Kuala Lumpur as well as Penang.
UOL has got its roots in the hospitality sector, being the parent company of Hotel Plaza Ltd. UOL has got a distinguished track record in Singapore, having developed the Velocity @ Novena Square and the United Square malls as well as the snazzy Spottiswoode Residences and the highly popular Katong Regency.
Panorama KLCC Prices (Asking & Transacted)
Panorama is seen to be “expensive” even by KLCC standards – the average for sale price breached the RM1,200 per sq ft level in early 2013. Note that the launch price was as low as RM750,000 for the smallest units and up to more than RM2.3 million for the bigger units. The capital appreciation was indeed substantial. A recent check at one of our local Malaysian property portals shown that the asking price indeed has risen to more than RM2 million for a 1,819 sq ft unit. Not cheap…
As there is heightened competition in the KLCC enclave in the last 24 months, the asking price for Panorama is seen to be on the uptick. It is interesting to note that occupancy rate in the KLCC area has suffered somewhat although there are positive projections for this year.
All In All…
Panorama looks somewhat differentiated from the other condominiums which line up Persiaran Hampshire, and with its smaller units it might even perform better than its neighbouring counterparts in the rental market. With asking prices breaking the RM1,500+ PSF barrier as we have seen in the last couple of months (at the time of the update of this review), we expect rental yield to continue to be depressed (as with the rest of the condominiums inside the KLCC enclave).
We have also noticed that there are a relatively smaller number of units being advertised for sale at our local property portals, and this may indicate that a majority of the owners of units at Panorama are in for the long haul. However, if you’re interested in buying or renting a unit here at Panorama and you’d like the homework being done for you, then use our DealFinder service here. I’m not a property agent, but I can link you up with one. 🙂
Finally, the jury is still out there if its relatively high asking prices are sustainable, and to know this, it’s important to know how to do a quick valuation exercise on your own. To check what’s the fair price to pay for a unit at Panorama KLCC, use this valuation guide which you can download for free below once you entered your details –