RM5,500 (RM7.36 psf)
DONE DEAL: Serviced apartment at Pavilion Suites Kuala Lumpur, Jalan Bukit Bintang, Kuala Lumpur
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Developed and completed by the Pavilion Group in 2018, Pavilion Suites Kuala Lumpur is a high-end freehold serviced apartment project right next to Pavilion Kuala Lumpur mall and facing the Jalan Bukit Bintang shopping belt.
Arden Estates Sdn Bhd real estate negotiator Eugene Pang said the tenant had been searching for a unit with a full-glass window in Pavilion Suites and didn’t mind paying a higher rental for the unit that comes with an unobstructed city view of KL and a spacious kitchen area.
“This is a good deal for the owner as the concluded rental was 10% higher than the market rate,” he said, adding that the unit was a vacation home for the Hong Kong owner who decided to rent out the unit for some rental income due to the border closures.
According to EdgeProp Research, two units of Pavilion Suites changed hands in 2020 with an average transaction price of RM2.61 million or RM2,179 psf.
As at Feb 2021, 49 units of Pavilion Suites were listed for sale on EdgeProp.my with an average asking price of RM3.04 million or RM3,379 psf. Meanwhile, there were 44 units under rental listings with an average asking monthly rental of RM6,250 or RM6.60 psf.
Interested to buy unit in Pavilion Suites Kuala Lumpur? Or click here for more property listings in Jalan Bukit Bintang. Click here to know more about Eugene Pang and potential good deals.
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