Quadro Residences

Sold for: RM2,494,000 (RM1,294 psf)

Concluded by: Braxton Lim (REN 08029) of City Crest Realtors (012-635 8348)

When: March 2016

Noteworthy:
• Freehold
• 1,927 sq ft
• Partly furnished with built-in wardrobe and kitchen cabinets
• Developed by Monoland Corp Sdn Bhd
• 36 storeys
• 245 units in total
• 30 sen psf maintenance fee
• Each unit comes with a private lift lobby

According to City Crest Realtors negotiator Braxton Lim who brokered the deal, the unit was bought by an investor. “Coincidentally, the buyer is also a tenant who has been staying at Quadro Residences for about a year. She asked me to look around for a unit that she could buy, so it was good timing on her part,” he added.

“In terms of rental, a fully furnished unit at Quadro will fetch in rental of about RM15,000 per month. A unit can be rented out for at least RM8,000,” Lim noted.

Quadro Residences is located in the same row as Traders Hotel and Menara Exxon Mobil and is easily accessible via roads such as Jalan Ampang, Jalan Sultan Ismail and the AmpangKuala Lumpur Elevated Highway.

It is also located close to KLCC whereby there are plenty of amenities such as F&B outlets and supermarkets such as Cold Storage and Isetan.

According to data from TheEdgeProperty.com, there were three transactions for units at Quadro Residences in 4Q2015. They were each sold at an average price of RM2.49 million. The built-ups for the units ranged from 1,808 sq ft to 2,309 sq ft.

The available listings on TheEdgeProperty.com show that the average asking price for units at Quadro Residences is RM1,339 psf. The monthly rent is RM9,618 or RM5.04 psf, with an indicative asking rental yield of 4.8%.

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Editor: To real estate agents — Have you just concluded an interesting deal? We would love to hear from you! Contact us at [email protected]

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