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DONE DEAL: Serviced residence, Pavilion Banyan Tree Signatures, Kuala Lumpur

Rented for: RM9,500 per month

Concluded by: Eugene Pang (REN 30525) from MIP Properties Sdn Bhd (016-272 4227)

When: September 2019

Noteworthy:
● Built-up: 2,195 sq ft
● 3-bedroom, 3-bathroom
● High floor sky semi-dee unit
● Partly furnished
● Located across the road to Pavilion shopping centre

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Completed and handed over in 2015, Pavilion Banyan Tree Signatures is a luxury serviced residence project located in the Golden Triangle of Kuala Lumpur.

The 59-storey residential tower features a 411 branded private residences, 51 serviced residences as well as 55 hotel rooms and suites. Among the facilities for the residential components are an infinity pool, Jacuzzi, kid’s pool, sauna and steam room, gymnasium, dance studio, BBQ terrace, outdoor lounge, and function rooms.

According to Eugene Pang from MIP Properties Sdn Bhd, the property negotiator who concluded the rental deal, said the owners of the corner unit are property investors.

“The unit was vacant for almost one year. It is a very well maintained unit with a reasonable asking monthly rental,” said Pang.

He shares that the semi-furnished unit comes with wardrobe, kitchen cabinet and kitchen island.

The new tenant, he adds, is an entertainment company which accepted the asking rental of RM9,500 per month and signed a three-year tenancy agreement. .

According to EdgeProp.my’s data, there were 18 transactions at Pavilion Banyan Tree Signatures in 2018 at an average transacted price of RM2,064.75 psf.

Meanwhile, as of end October, there were  88 rental listings at Pavilion Bayan Tree Signatures asking for an average rental of RM8,601 per month.

Interested to buy a unit in Pavilion Banyan Tree Signatures? Or click here for more property listings on Jalan Conlay, Kuala Lumpur. Click here to know more about Eugene Pang and potential good deals.

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