The Conlay, Kuala Lumpur: E&O and Mitsui Fudosan's Kerry Hill Tower, Prices, Rents and a 6% Yield
AI-generated artist's impression- 491Freehold serviced residences on a 1.44-acre corner site
- 3,617 sq ftLargest Signature Suite penthouse, upper floors
- ~4.9-6.0%Gross yield, asking rent vs asking price
The Conlay’s resale owners are asking mostly RM1,970 - 2,550 psf in 2026, against E&O’s own entry price of about RM2,444 psf, and a 710 sq ft one-bedroom let at RM7,000 a month returns about 6.0% gross. It is a single freehold tower of 491 serviced residences at the corner of Jalan Conlay and Jalan Kia Peng, developed by Eastern & Oriental Bhd (E&O) with Japan’s Mitsui Fudosan Group and designed by Kerry Hill Architects.
Key facts: 491 residences on 1.44 freehold acres, completed in early 2025; Signature Suites of up to 3,617 sq ft on the top floors; and about 310 metres to Conlay MRT station.
The residence: The Conlay in brief
| Address | Corner of Jalan Conlay and Jalan Kia Peng, Kuala Lumpur |
| Developer | E&O with Mitsui Fudosan Group (project company Patsawan Properties Sdn Bhd) |
| Architect | Kerry Hill Architects with GDP Architects; landscape by Seksan Design |
| Tenure | Freehold, 1.44 acres |
| Tower | One tower of 51 storeys |
| Residences | 491 in two phases: 297 Conlay Residences (2019, sold out) and 194 Signature Suites (2025) |
| Sizes | 635 sq ft one-bedrooms to a 3,617 sq ft three-plus-one penthouse |
| Completion | Early 2025 |
| Gross development value | RM968 million |
| Maintenance fee | 96 sen psf at launch |
| Green rating | GreenRE Gold (provisional) |
A note on the name: The Conlay, by E&O and Mitsui Fudosan, is a separate building from 8 Conlay, a KSK Land project nearby.
Why buyers choose The Conlay
A hospitality developer and a Japanese partner
E&O built its name on the Eastern & Oriental Hotel in Penang and on Seri Tanjung Pinang. Its partner here, Mitsui Fudosan, is one of Japan’s largest property groups.
StarProperty lists a 24-hour concierge: a personal chef for private dinners, housekeeping, pre-arrival shopping and car hire. That is close to a branded residence’s service, without a hotel flag.
Kerry Hill design
Kerry Hill Architects is known for Aman resorts and a restrained tropical modernism. Facilities are split across two sky levels: Level 11 for a library, music, billiard and meeting rooms, and Level 36 for heated infinity pools, gymnasiums and sky dining.
A new food and beverage outlet is planned for Level 50.
Built then sold, and sold to the world
The Signature Suites were launched in July 2025 under a build-then-sell model, fully furnished and ready to occupy. Take-up reached 40% within two months of the soft launch and 76% across the whole project, with 70% of Signature Suite buyers from overseas, including Taiwan, Thailand, Australia, China, Singapore and Japan.
Large units at the top
Most of The Conlay is compact; the Signature Suites change that. There are 194 residences on Levels 37 to 51, from 635 sq ft to a 3,617 sq ft three-plus-one-bedroom penthouse, priced from RM1.52 million to RM12 million.
The address: walkable on every side
EdgeProp’s 2026 profile gives the distances: Conlay MRT station 310 m; EtonHouse International School 650 m; The Starhill 970 m; Pavilion Kuala Lumpur 1.1 km; Fahrenheit88 1.1 km; The Exchange TRX 1.2 km.
TRX MRT interchange is one stop away on the Putrajaya Line. Prince Court Medical Centre is on Jalan Kia Peng and Gleneagles Hospital Kuala Lumpur on Jalan Ampang, each a short drive, and the SMART Tunnel and Jalan Tun Razak are close by.
The numbers: what it costs today
The Conlay has no recorded resale transactions yet, which is normal for a building handed over in 2025. Asking prices from PropertyGuru listings in 2026:
| Layout | Size | Asking price | Asking psf |
|---|---|---|---|
| 1 bedroom | 635 sq ft | RM1.39M | RM2,189 |
| 1 bedroom | 710 sq ft | RM1.396M | RM1,966 |
| 1 bedroom, fully furnished | 907 sq ft | RM2.2M | RM2,426 |
| 2+1 bedrooms | 1,335 sq ft | about RM3.4M | RM2,547 |
For comparison, EdgeProp’s 2026 profile quotes developer entry prices from RM1.55 million, about RM2,444 psf, for a 635 sq ft unit. One resale owner is asking less per square foot than E&O’s list, common in a new tower while investors test the market.
Rents and yield at The Conlay
PropertyGuru carried about 148 rental listings at The Conlay in 2026, all fully furnished. A representative selection:
| Layout | Size | Asking rent per month | Asking rent psf |
|---|---|---|---|
| 1 bedroom | 710 sq ft | RM7,000 | RM9.9 |
| 1+1 bedrooms | 743 sq ft | RM5,500 - 6,300 | RM7.4 - 8.5 |
| 1 bedroom | 840 sq ft | RM6,500 - 7,500 | RM7.7 - 8.9 |
| 1 bedroom | 904 sq ft | RM7,600 | RM8.4 |
| 2+1 bedrooms | 1,335 sq ft | RM14,000 - 20,000 | RM10.5 - 15.0 |
Gross yield working, asking rent against asking price:
- 710 sq ft: RM7,000 x 12 = RM84,000 a year, against an asking price of RM1.396 million, is about 6.0% gross.
- 1,335 sq ft: RM14,000 - 15,000 x 12 = RM168,000 - 180,000, against about RM3.4 million, is about 4.9 - 5.3% gross.
These are gross yields on asking figures, before maintenance, furnishing, vacancy and tax.
How The Conlay compares
The Conlay is a near neighbour of TRX, and its own marketing lists The Exchange TRX and the TRX MRT interchange as neighbours. That tells you where the gravity is.
TRX itself offers the only MRT Line 1 and Line 2 interchange inside a KL district, a 10-acre rooftop park and around 30,000 office workers on site. TRX Residences has a median transacted price of about RM2,265 psf, with asking-rent yields of around 5% backed by actual resale data rather than asking prices alone. Read why TRX is Kuala Lumpur’s new prime address, and our guide to new launches in TRX for 2026.
See also KLCC new launches 2026 and the best investment property in KLCC and TRX. Across Asia, our KL vs Asia radius maps show that RM5 million buys about 3,043 sq ft near KLCC, against 372 sq ft in Hong Kong, 665 in Singapore and 699 in Tokyo.
What to weigh
- The resale record is still forming. Until transactions are recorded, pricing runs off asking figures and the developer’s list.
- Rental supply is deep. About 148 rental listings in a 491-unit building means investors compete for the same tenants
- Mostly compact homes. Outside the Signature Suites, the largest standard layout is about 1,335 sq ft.
Our view
The Conlay is one of the most carefully made towers in the city centre: Kerry Hill design, a Japanese co-developer, hotel-style concierge and freehold title, 310 metres from the MRT.
Income buyers should take the compact one-bedrooms, at about 6.0% gross. Families should look at the scarce Signature Suites on Levels 37 to 51.
Buyers wanting larger homes with a recorded price history should weigh it against TRX, one stop away.
Frequently asked questions
Who developed The Conlay?
Eastern & Oriental Bhd (E&O) with Japan’s Mitsui Fudosan Group, through the project company Patsawan Properties. It is not a KSK Land project; KSK Land’s nearby development is 8 Conlay.
Is The Conlay freehold?
Yes. It sits on 1.44 acres of freehold land at the corner of Jalan Conlay and Jalan Kia Peng.
How much does a unit at The Conlay cost?
Resale owners in 2026 ask from about RM1.39 million for a 635 sq ft one-bedroom, mostly RM1,970 - 2,550 psf. E&O priced the Signature Suites from RM1.52 million to RM12 million.
What is the rent at The Conlay?
Asking rents in 2026 are about RM5,500 - 7,600 a month for a one-bedroom of 710 - 904 sq ft and RM14,000 - 20,000 for a 1,335 sq ft two-plus-one.
What is the rental yield at The Conlay?
About 6.0% gross for a 710 sq ft one-bedroom, on an asking rent of RM7,000 a month against an asking price of RM1.396 million. The 1,335 sq ft two-plus-one works out at about 4.9 - 5.3% gross.
Does The Conlay have large units?
Yes, at the top. The Signature Suites include three-plus-one-bedroom penthouses of up to 3,617 sq ft. The standard residences below top out at about 1,335 sq ft.
How far is The Conlay from the MRT?
About 310 metres from Conlay MRT station on the Putrajaya Line, with TRX interchange one stop away.
Register for a private viewing
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This article is general market information, not investment advice. Asking prices and rents are from public listings in 2026 and may change; transacted figures are from the sources listed.
Cover: The Conlay tower on Jalan Conlay at blue hour. AI-generated artist's impression.