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DONE DEAL: Vipod Suites, Jalan Kia Peng, Kuala Lumpur

Rented for: RM6,000 (around RM4.44 psf)

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

When: September 2019

Noteworthy:
Freehold
Built-up: 1,350 sq ft
3 bedrooms and 2 bathrooms
Fully-furnished and in  move-in condition
Facilities: Guarded security   with perimeter fencing, private lift lobby, meeting facilities, rooftop sky club, garden terrace, swimming pool, gymnasium, and concierge service.

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Located at Jalan Kia Peng in Kuala Lumpur city centre, the 39-storey Vipod Suites developed by Penang-based Monoland Corp Sdn Bhd was completed in 2013.  It offers 418 serviced apartments with built-ups ranging from 653 sq ft and 1,350 sq ft.

The units at Vipod Suites are usually for short-term rentals, thanks to its prime location which is less than 500m away from Kuala Lumpur Convention Centre, which is connected to Suria KLCC, Avenue K and the KLCC LRT station. It is also within walking distance to Pavillion Kuala Lumpur.

According to Eugene Pang from MIP Properties Sdn Bhd, who concluded the rental deal, Vipod Suites’ location and facilities are the project’s main draws.

There is a sky pool with infinity lap pool and a gymnasium equipped with the latest equipment while there is 24-hour security. These features have attracted expat tenants and small families to live here, he added.

“The landlord purchased this 1,350 sq ft unit for rental investment and has kept it clean, well-maintained and in move-in condition. Because of that, the tenant did not mind paying a slightly higher than market rate of RM6,000 a month. Besides, the unit also comes fully-furnished with nice fittings and furniture, including built-in wardrobes, sofa, dining table and beds,” said Pang.

As at end 2019, there were 49 rental listings of Vipod Suites units on EdgeProp.my with asking rent averaging RM5,511 per month or RM5.28 psf.

Meanwhile, there were 30 units listed for sale at an average asking price of RM1.77 million or averages RM1,536 psf.

Over the first three quarters of 2019, four units were transacted at an average price of RM1.68 million or RM1,401 psf.

Interested to buy a unit in Vipod Suites?  Or click here for more property listings in Jalan Kia Peng​. Click here to know more about Eugene Pang and potential good deals.

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