sold for

RM1.77 million (RM942 psf)

DONE DEAL: Condominium at Residensi 22, Mont’Kiara, Kuala Lumpur

Developed by UEM Sunrise Bhd, Residensi 22 or Residency 22 is a freehold condominium located at Jalan Kiara 3 in Mont’Kiara, Kuala Lumpur. It comprises four 38-storey blocks that offer 534 units with built-ups ranging from 1,909 sq ft to 3,041 sq ft.

Janwell Properties property real estate negotiator Anna Ding said the deal was concluded during the pandemic times with international borders remaining closed. The buyer decided to buy the unit even though he hadn’t physically viewed the property.

“The buyer, who is a savvy investor, only viewed the unit through video. He had shortlisted some units in Mont’Kiara with good rental yields and this unit was one of them,” she said, adding that this high floor unit caught the buyer’s attention as it comes with a three-year tenancy agreement, which could offer him a 5% rental yield.

She added that the seller was reluctant to sell the unit as it fetched a good rental yield. However, the seller agreed to the deal after the buyer raised the offer price.

According to EdgeProp Research, nine units of Residensi 22 exchanged hands at an average price of RM881 psf, which translates to RM2.1 million, in 2020.

As at July 2021, some 63 units were listed for sale on EdgeProp.my with an average asking price of RM2 million or RM928 psf. Meanwhile, there were 72 units for rent with an average monthly rental of RM7,850 or RM3 psf.

Interested to buy a unit in Residensi 22? Or click here for more property listings in Mont’Kiara. Click here to know more about Anna Ding and potential good deals.

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