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

Rented for: RM10,000 (around RM4.55 psf)

Concluded by: Eugene Pang (REN30525, 016-272 4228) of MIP Properties Sdn Bhd

When: September 2019

Noteworthy:
Freehold
Built-up: 2,195 sq ft
3+1 bedrooms and 5 bathrooms
Semi-furnished high floor unit with air-conditioning, cooker hob and hood and water heater
Facilities: a 58m infinity pool, kid’s pool, Jacuzzi, sauna, steam room, pool deck, gymnasium, dance studio, barbeque area, function room and concierge service
Accessibility: A link bridge that connects to Pavilion shopping mall, 1km from KL Life Centre, Suria KLCC, Prince Court Medical Centre, Bukit Bintang shopping belt and Jalan Alor night food street market.

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Located within the Golden Triangle of Kuala Lumpur, Banyan Tree Signatures Pavilion is a luxury high-rise serviced apartment project developed by the Pavilion Group. The single 60-storey tower comprises 441 units of private residences, 51 units of serviced residences and 50 luxury suites with built-ups ranging from 1,076 sq ft to 2,195 sq ft.

The freehold development was completed in 2015 and managed by Banyan Tree Hotels & Resorts.

The building has a link bridge that connects to Pavilion shopping mall which could also bring residents to the Bukit Bintang shopping belt.

Eugene Pang from MIP Properties Sdn Bhd, who concluded the deal, said the location and a renowned hospitality operator are Banyan Tree Signatures’ main draws.

“The spacious unit with a built-up size of 2,195 sq ft was put up for sale for around three months and managed to find a tenant after the first view,” Pang told EdgeProp.my.

The tenant likes the spacious partially-furnished interior that comes with kitchen hood and hob, a kitchen island, rooms with built-in wardrobes, air-conditioning and water heater.

The tenant was also attracted by the high floor unit as it offers an amazing Kuala Lumpur city view. Another plus point was the building’s security features.

EdgeProp.my data showed that in 2019 (as of 3Q2019), 10 units in the project were sold at an average price of RM2.49 million or RM1,934 psf.

In 2018, 18 units were sold for an average price of RM3.01 million or RM2,109 psf.

As at end December 2019, EdgeProp.my has  131 sale listings of Banyan Tree Signatures with the average asking price of RM3.37 million or RM2,261 psf while a total of 127 rental listings showed the average asking rental averaging at RM8,901 monthly or RM6.44 psf.

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

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