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Marc Service Residence, KLCC

Marc Service Residence (also known as Marc Residence) is a luxury condominium developed by Beverly Tower Development, which is one of the many unassuming developers who has the ability to deliver their projects with much success.

The local developer focuses on the real estate industry, and has managed to put together the condominium Marc Service Residence. The condominium adapts the serviced residence concept which is a norm for many modern apartments these days. This means that the rooms in the condominium will be serviced regularly rather than waiting for about three months or more for a cleaning service.

Each unit is crafted to exert the imagery of luxury and sophistication yet maintaining the importance of comfort. Prospective residents can make a selection between a generously sized studio, one-bedroom, two-bedroom, three-bedroom and four-bedroom suites. Each suites is furnished with a plush living room and a well-equipped kitchen. Adding cherry on top is the LCD TV, Bose sound system and all other essentials of contemporary living that are provided by the management who have the residents’ best interest.

Looking positively at Marc Service Residence, it has all the normal facilities that are needed for daily usage. The car park would be the most ideal reason for you to purchase or rent this condominium because of its location. As we know KLCC is known for its busiest streets and its traffic jams, so the road will be limited with parking spaces. However it is important to know that the car park does not come cheap as there will be monthly fees for a slot.

Marc Service Residence is just five minutes away by foot to Suria KLCC shopping center which will ease your shopping needs. Public transport by train would also not be a problem with the KLCC LRT station nearby the condominium. There are also a lot of restaurants and food outlets nearby.

Property Details

  • Name: Marc Service Residence (also known as Marc Residence)
  • Address: Jalan Pinang, 50088 Kuala Lumpur
  • Developer: Beverly Tower Development
  • Completion Date: August 2007
  • Type: Serviced Residence
  • Tenure: Freehold
  • No. of Blocks: 2
  • No. of Storey: 35
  • Built-up: 409 – 3,300 sf
  • Maintenance Fee: RM0.40 psf
  • Launch Price: RM700 psf
  • Subsale Price: RM930,000 - RM3,680,000
  • Rental: RM2,700 - RM10,000

Layouts

  • 1-room (496 – 636 sf)
  • 2-room (840 – 1,074 sf)
  • 3-room (1,276 – 1,332 sf)
  • 4-room (3,626 sf) (private elevator)

Facilities

  • Basement car park
  • Barbecue area
  • Gymnasium
  • Infinity swimming pool
  • Multipurpose hall
  • Playground
  • Reading room
  • Tennis court
  • Wading pool
  • 24-hour security surveillance

Market Trends

Analysis

In terms of location, Marc Service Residence is situated at a hot spot of Kuala Lumpur, but that would equals to having difficulties going in and out of the condominium. This is because of the congested traffic in KLCC where hundreds of cars will be roaming the streets daily. So, unless you are working nearby, Marc Service Residence would not be proper for one that works far from KLCC.

If you are looking for a condominium that is cheap, then Marc Service Residence is definitely not up for your choice. The reason being that the price is looking at about RM1,000 to RM1,300 psf subsale, which is undeniably expensive. Renting a unit would cost about RM3,000 or more for a 1-room studio unit, and a whopping RM20,000 for a luxurious 4-room penthouse. This condominium probably targets high-end buyers/investors.

Those who bought Marc Service Residence when it was first completed had the better deal at about RM700 psf developer’s price, which is an impossible price now. In 2007, this condominium managed to secure fifth place in the top ten most expensive developments in Kuala Lumpur.

Units of the condominium facing the construction site of Glomac Tower will be experiencing discomfort. First of all, the view will be blocked by Glomac Tower when completed. There might also be some noise disturbance from the construction site, but who cares, since majority of people who stay there should be out for work during daytime. Furthermore, once construction past piling work, noise disturbance should be minimal. Looking at the positive side, a new pool of tenants will be open up for Marc Service Residence once Glomac Tower is completed.

The neighborhood of Marc Service Residence is quite densely located. So, if you are looking for a wide and spacious environment, Marc Service Residence might not be your choice. Just a few minutes down the road, there is Kuala Lumpur’s most famous clubbing street Jalan P Ramlee. Depending on your preference, it might be a great convenience, or a bad idea because of the loud music and also influence on your children.

There are not many government schools located in KLCC enclave, so if you are looking for a good school it would mean that you have to spend about half an hour to drop your children at a nearby school. Fortunately, there are shuttle buses that ferry students to various international schools at various pickup points in KLCC.

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