Rented for: RM33,000 (average RM2.75 psf)

Concluded by: Shawn Fernandez (REA 2445) of Fernstate Sdn Bhd (012-288 1251)

When: August 2019

Noteworthy:
● Freehold
● Land area: 12,000 sq ft
● Built-up: 10,000 sq ft
● Semi furnished unit
● Seven bedrooms and eight bathrooms
● 3-storey bungalow with own private pool
● Gated and guarded community
● Around 4.5km to Kuala Lumpur city centre, 6.5km to Damansara Heights and 15km to PJ old town

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Developed by Tan & Tan Development Bhd, Kenny Vale is an exclusive project offering only nine units of bungalows on freehold plots ranging between 11,716 sq ft and 27,942 sq ft in size.

The 4.5-acre development is located in Bukit Tunku, Kuala Lumpur where the tranquil environment and affluent address have supported the price growth of properties here.

According to Shawn Fernandez from Fernstate Sdn Bhd, who concluded the rental deal, Kenny Vale is a gated-and-guarded community, surrounded by greenery. Every unit comes with its own swimming pool and a lift.

The two-year tenancy for this 3-storey bungalow is for a monthly rental of RM33,000 to a corporate tenant.

“This semi-furnished unit comes with a large fully-fitted kitchen, built-in wardrobes, new curtains and a lovely courtyard garden. The tenant liked the spacious and well-maintained house, plus the strategic location which is close to various amenities, such as school,” he said.

He noted that the tenant also likes the seven bedrooms that come with the bungalow as this will provide sufficient rooms for guests.

"Another reason is the house is equipped with alarm system and CCTV camera, as well as being located within a gated-and-guarded community thus safety concerns are taken care of," he said.

For the owner, he has found a premium tenant as the house is rented for an expat and his family. The expat is a director of a Japanese multinational company.

Due to its exclusivity, there were hardly any transactions at Kenny Vale in recent years. According to EdgeProp.my data, two bungalows were sold in 2014 at an average price of RM8.6 million or RM440 psf based on land size.

Currently, there are two sales listings available at EdgeProp.my, with an average asking price (for a bungalow with land area of 12,000 sq ft) of RM15 million or RM1,250 psf.

Rental listings had an average monthly asking rental of around RM30,000 or RM2.50 psf.

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