RM3,200 (RM6.08 psf)
DONE DEAL: Studio at Banyan Tree Signatures Pavilion, Jalan Conlay, Kuala Lumpur
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Banyan Tree Signatures Pavilion is a luxury high-rise serviced apartment project developed by the Pavilion Group. Located within the Golden Triangle of Kuala Lumpur, the single 60-storey tower houses 441 units of private residences, 51 units of serviced residences and 50 luxury suites.
Arden Estates Sdn Bhd real estate negotiator Eugene Pang said there were only limited studio units in Banyan Tree Signatures Pavilion, hence making them more popular than other property types within the same development.
“The standard unit has a built-up of 1,076 sq ft, but not everyone could afford to rent that kind of size in this development. Therefore, the studio unit attracts many prospects,” he explained.
The owner of the studio unit is a seasoned property investor who owns all the 100 special studio units in Banyan Tree. Meanwhile, the tenant liked the size, furnishing quality, as well as the free WiFi and housekeeping service.
“The tenant was also happy that there is a covered link bridge between the development and Pavilion Mall,” Pang noted.
According to EdgeProp Research, four residential units in Banyan Tree Signatures Pavilion exchanged hands in 2020 at an average transaction price of RM3.38 million or RM1,925 psf.
As at Feb 2021, 118 units of Banyan Tree Signatures Pavilion were listed for sale on EdgeProp.my. The average asking price was RM2.85 million or RM2,407 psf.
Meanwhile, 131 units were looking for tenants at an average asking monthly rental of RM8,600 or RM6.30 psf.
Interested to buy unit in Banyan Tree Signatures Pavilion? Or click here for more property listings in Jalan Conlay. Click here to know more about Eugene Pang and potential good deals.
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