DONE DEAL: Solaris Dutamas serviced residence, Kuala Lumpur

Sold for: RM975,000 (RM920 psf)

Concluded by: Ann Soh (REN 03232) of One Sunterra Properties (018-369 8650)

When: June 2016

Noteworthy:
● Freehold
● Built-up: 1,060 sq ft
● Completed in 2009
● Developed by Sunrise Bhd (now UEM Sunrise)
● 2 bedrooms, 2 bathrooms
● Located above a mall

According to the agent, Ann Soh of One Sunterra Properties, the unit is located on the 16th floor of Publika, a shopping mall favoured by expats. Residents can enjoy a view of the palace from the living room and master bedroom of this unit.

“With a healthy 5% expat rental tenancy, this professionally decorated, fully-furnished unit was instantly added onto the savvy investor’s portfolio,” said Soh of the buyer.

“This well-located development is a magnet for Japanese expat tenants with a rental budget of RM3,500 to RM4,500. Modern convenience and easy accessibility are part of the winning formula of this development,” she added.

The development is easily accessible via several highways such as the Duta Ulu-Kelang Expressway, Penchala Link and Sprint Highway.

Besides Publika, other amenities in the vicinity include the Hartamas Shopping Centre @ Plaza Damas and schools, SK Seri Hartamas and SMK Seri Hartamas, as well as international schools in nearby Mont’Kiara.

According to data from TheEdgeProperty.com, from the period of 2012 to 2Q2016, the highest average price psf for Solaris Dutamas serviced residence was in 4Q2014, with an average price of RM1,141 psf. Meanwhile, the highest price in terms of average transacted price was in 4Q2015 at RM1.35 million.

The latest data available on TheEdgeProperty.com in 1Q2016 saw units at Solaris Dutamas transacted at RM878 psf or RM972,500.

The available listings on TheEdgeProperty.com show that the average asking price for Solaris Dutamas serviced residence is RM1,394 psf or RM1.9 million. Meanwhile, the average asking monthly rent is RM4.65 psf or RM5,750. The indicative asking rental yield is not immediately available.

Interested to buy properties in Solaris Dutamas? Click here.

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