Sold for: RM1.18 million (about RM983.33 psf)
Concluded by: Kevin Teh (REN 02206) of Propstar Realty (013-555 7333)
When: June 2019
● Built-up: 1,200 sqft
● Mid-floor unit with 3-bedrooms and 2-bathrooms
● Facing East with morning sun view
● Nearby amenities: shopping malls, international schools, golf club and college
Developed by Pavilion Group and Kuwait Finance House, Pavilion Hilltop is a freehold luxury condominium with an affluent Mont’Kiara address in Kuala Lumpur.
Fully completed in 2018, the development comprises three blocks housing 621 units with built-ups from 1,200 sq ft to 2,874 sq ft.
It offers a wide range of facilities such as infinity pool, gym, herb garden with reflexology path, jogging path, games room with outdoor courtyard, tennis court and squash court.
It is surrounded by amenities such as Solaris Mont’Kiara, Mont’Kiara International School, Kuala Lumpur Golf and Country Club and Taylor’s College. It is easily accessible via the North-South Highway, Penchala Link, Sprint Expressway, Jalan Duta and Duta-Ulu Kelang Expressway.
According to Propstar Realty’s Kevin Teh who concluded the deal, the seller has been looking for a buyer ever since the unit was handed over.
The buyer fell in love with the unit as it faces East and offers a beautiful view of the morning sun, he added.
“The buyer bought for own stay. For the size and orientation, this price (RM1.18 million) is on the lower end. If you are to buy a 1,200 sq ft unit with similar features today, it can go up to RM1.27 million and above,” Teh told EdgeProp.my.
The average asking price for a unit at Pavilion Hilltop Mont’Kiara was about RM2.08 million or RM1,046 psf, according to 152 sale listings as at Dec 13 on EdgeProp.my.
Based on the 125 units listed for rent on the portal, the average asking monthly rent was RM7,446 or RM4.04 psf, which translates to an indicative rental yield of 4.94%.
There were 18 Pavilion Hilltop Mont’Kiara transactions in the first nine months of 2019, which sold at an average price of RM1.7 million, or RM974 psf. In 2018, 19 units were transacted at RM1.56 million or RM989 psf.