RM14,000 (RM3.78 psf)
DONE DEAL: Serviced residence at The Binjai on the Park, Kuala Lumpur
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Developed by KLCC Holdings, The Binjai on the Park offers 171 luxury condominium units, spread across two towers of 44 and 45 storeys at Jalan Binjai, Kuala Lumpur.
Besides its advantageous location next to the KL Convention Centre and merely slightly more than 1km from Suria KLCC, the vertically-advantaged unit offers an unobstructed city view.
According to John Lee from Knight World Realty, the tenant liked the layout of the unit and the full view of the KL skyline.
This was considered a good deal for the tenant as the rental was slightly lower compared to pre-Covid-19 times, Lee added.
Meanwhile, the owner was an investor with several luxury properties on hand.
As at June 2021, there were 62 rental listings of The Binjai on the Park on EdgeProp.my, with an average asking monthly rate of RM13,648 or RM5 psf.
Meanwhile, there were 76 sale listings with an average asking price of RM2,420 psf or RM8.07 million.
In 2019, two units exchanged hands at an average price of RM1,586 psf translating to RM3.56 million. Meanwhile there was no sale transaction from 2020 until mid 2021.
Interested to buy a unit in The Binjai on the Park? Or click here for more property listings in KLCC. Click here to know more about John Lee and potential good deals.
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