DONE DEAL: The Sentral Residences, KL Sentral, Kuala Lumpur

Rented for: RM4,200 monthly (average RM3.86 psf)

Concluded by: Soo Wai (REN 19947) of Property Exchange (012-502 6698)

When: August 2017

Noteworthy:
● Built-up: 1,087 sq ft
● Two bedrooms and two bathrooms
● Freehold
● Partly furnished with wardrobe, kitchen cabinet, hob and hood, water heater and air-conditioning units
● Nearby amenities: NU Sentral, KL Sentral transportation hub, KL Sentral commercial hub, schools and various eateries

Completed in 2016, The Sentral Residences in KL Sentral is developed by Malaysian Resources Corp Bhd (MRCB) and Quill Group.

The freehold development comprises two 55-storey blocks housing 752 serviced residence units with built-ups of between 1,087 sq ft and 4,327 sq ft. Each unit comes with one parking bay.

The owner purchased the unit for investment purpose as the owner saw the good rental potential of this property owing to the ideal location, within the KL Sentral commercial hub.

The Sentral Residences is located at Jalan Damansara, next to St Regis Kuala Lumpur and is within a 10-minute walk to the KL Sentral transportation hub and KL Hilton Hotel.

According to Soo Wai (from Property Exchange) who concluded the deal, the new tenant liked the good location and the facilities of The Sentral Residences, which included a salt water swimming pool, gym, sky lounge and the green parks within the development.

“Given the location and facilities, the rental is justified. The residents in Sentral Residences could enjoy the convenience and quality living environment within the CBD,” she added.

There are 16 listings for The Sentral Residences on EdgeProp.my as at Oct 2, 2017, with monthly asking rental averaging RM4.20 psf or about RM6,225 a month.

In terms of secondary market asking price, 30 listings from EdgeProp.my data showed the average asking price at about RM1,361 psf or about RM2.29 million.

Interested to buy properties in KL Sentral? Click here.

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