DONE DEAL: Serviced apartment unit, Berjaya Times Square Serviced Residence, KL
Rented for: RM1,700 (RM3.09 psf)
Concluded by: Meifen Low (REN 06451) (012-653 0714) of One WSM Property Sdn Bhd
When: July 2020
Noteworthy:
● Freehold
● Built-up: 550 sq ft
● 1-bedroom; 1-bathroom
● Fully furnished
● Mid-floor
● Facilities: a swimming pool, ample covered parking bay, a gymnasium, a laundromat and 24-hour security with CCTV surveillance.
● Amenities: A few minutes’ walk away from Hang Tuah LRT station. Surrounded by shopping malls, offices, eateries and restaurants, medical center and clinic and schools.
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Berjaya Times Square Serviced Residence is located at Jalan Imbi, Bukit Bintang. It comprises 1,200 serviced apartments spread across two residential tower blocks, each 35-storey high. The built-up sizes range from 550 sq ft to 1,070 sq ft.
The development is surrounded by various amenities such as shopping malls, restaurants, schools and public transport station such as LRT and Monorail line.
According to One WSM Property Sdn Bhd real estate negotiator Meifen Low, who had concluded a rental deal at Berjaya Times Square Serviced Residence recently, the residential project is a popular investment property given its excellent location.
“The owner of this unit is an investor who has been renting it out for rental income. Meanwhile, the new tenant is an expatriate who works nearby. He was renting another unit here in Berjaya Times Square Serviced Residence. He decided to move to this unit after his tenancy agreement ended as the owner is offering him better deal,” Low shares.
She adds that the deal was sealed at RM1,700 per month, which was slightly below market rate. “The owner doesn’t mind giving some discount as the Covid-19 pandemic has affected the entire rental market. Moreover, the new tenant agreed to sign a two-year tenancy agreement.”
In 2019, some 11 units of Berjaya Times Square Serviced Residence were transacted at an average price of RM748,455 or RM1,047 psf, according to EdgeProp Research.
As at mid-August, there are 22 sales listings on EdgeProp.my. The average asking price is RM862,800 or RM1,221 psf. Meanwhile, some 12 units are listed for rent at an average asking monthly rental of RM3,125 or RM4.30 psf.
Interested to buy a unit in Berjaya Times Square Serviced Residence? Or click here for more property listings in Bukit Bintang. Click here to know more about Meifen Low and potential good deals.
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