DONE DEAL: Serviced apartment, Maxim Residences, Cheras, KL

Rented for: RM1,800 per month (RM2.18 psf)

Concluded by: Low Chee Hoong (REN 22437) (012-3188473) of Reapfield Properties

When: December 2019

Built-up: 825 sq ft
2 bedrooms and 2 bathrooms
Fully furnished with built-in kitchen, cabinet and wardrobes in both bedrooms
Facilities: Children’s playground, a wading pool, an infinity pool, gymnasium, barbecue area and yoga deck
● Close to the Sentral MRT station, UCSI College, Cheras Sentral, Leisure Mall, Tesco, Giant, and medical centres such as Pantai Cheras Medical Centre, UKM hospital, and education facilities such as University College Sedaya International and UCSI College

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Developed by Maxim Holdings, Maxim Residences is a mixed development comprising two 34-storey towers housing 542 units of serviced apartments, 20 stratified retail lots at the ground and first floor and a five-storey car park facility.

The leasehold serviced apartments have built-ups ranging from 619 sq ft to 1,082 sq ft.

According to Reapfield Properties’s real estate agent Low Chee Hoong who concluded the rental deal, the new tenant was previously renting a one-bedroom unit and was looking for a bigger and fully-furnished unit, hence he chose this property.

Low noted that units at Maxim Residences are popular for rental, especially those that come with nice furnishing as most of the two-bedroom units are bare or only offer basic furnishing

“The new tenant really liked that this unit is furnished with good quality furniture. There were many enquiries for this unit but he was the first to contact me,” Low shared. data showed that 11 units at Maxim Residences were sold at an average price of RM473 psf or RM435,636 in 2019.

There were 28 sales listings with average asking price of RM489 psf or RM440,976 as of January, 2020 while there were 39 rental listings asking for an average rent of RM1.94 psf or RM1,763 a month. The indicative rental yield is around 4.91%.

Interested to buy a unit in Maxim Residences​? Or click here for more property listings in Cheras​​. Click here to know more about Low Chee Hoong​ and potential good deals.

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