DONE DEAL: Soho Suites KLCC, Kuala Lumpur

Rented for: RM3,600 (around RM5.14 psf)

Concluded by: Eugene Pang (REN 30525, 016-272 4228) of MIP Properties Sdn Bhd

When: September 2019

Built-up: 700 sq ft
Two bedrooms and two bathrooms
Fully furnished
Facilities: Business centre, gym, playground, swimming pool, games room, sauna and steam room, convenience store.
Around 750m to Raja Chulan Monorail station, 1km to KLCC LRT station, about 6km from KL Sentral, various F&B choices within walking distance and around 350m from Kuala Lumpur Convention Centre.

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Located at Jalan Perak in Kuala Lumpur city centre, Soho Suites KLCC is a mixed development by Jadepot Development, a subsidiary of Monoland Corp which also developed The Oval, Vipod Suites and Quadro Residences. It comprises three towers offering 480 units of serviced residences and one office tower with 328 office suites.

The built-ups of the serviced residences range between 601 sq ft and 877 sq ft. The freehold project was completed in 2013.

According to data, Soho Suites KLCC has seen 24 units sold in 2018 at an average transacted price of RM1,225 psf or RM916,847. No transaction was recorded in 2019 (as at November).

Eugene Pang from MIP Properties Sdn Bhd who concluded the rental of this fully-furnished serviced residence at RM3,600 a month said Soho Suites KLCC’s location in the heart of KL city centre supports its rental demand and price appreciation.

It is within walking distance to the Petronas Twin Towers, Suria KLCC, Kuala Lumpur Convention Centre, Wisma Hong Leong, KL Life Centre and various eateries.

“The owner had lived in that apartment but had to relocate recently,” Pang said.

He noted that the rental rate for similar units is around RM3,000 to RM3,300, depending on the condition of the apartment.

“The tenant doesn’t mind paying a higher rent as this is a well-maintained and ready to move in unit that comes with good quality furniture,” he added.

As of end December 2019, there were 61 sales listings on with an average asking price of RM964,575 or RM1,347 psf while there were 77 rental listings asking for an average rent of  RM3,440 per month ( RM4.16 psf).

Interested to buy a unit in Soho Suites KLCC?  Or click here for more property listings in KLCC. Click here to know more about Eugene Pang and potential good deals.

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