DONE DEAL: Serviced apartment, Villa Seavoy, Titiwangsa, Kuala Lumpur

Rented for: RM4,200 (RM2.10 psf)

Concluded by: Huey Ling Lee (PEA1713) (017-323 1819) of One WSM Property Sdn Bhd

When: December 2019

● Built-up: 2,000 sq ft
● Leasehold
● Low floor unit
● Semi-furnished
● 3 bedrooms and 3 bathrooms
● Facilities: gym, swimming pool, security service
● Nearby amenities: convenience stores, eateries, medical centres, schools, Titiwangsa Lake Gardens (Taman Tasik Titiwangsa)

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Villa Seavoy is a low-density luxury villa-type serviced apartment project in Titiwangsa, Kuala Lumpur. The three-storey development houses 15 units owned by one owner. The project was developed by Longwin Development Sdn Bhd.

The leasehold development is strategically located within the Titiwangsa Lake Gardens bungalow homes precinct and is easily accessible via the Duta-Ulu Klang Expressway (DUKE), Jalan Pahang and Jalan Tun Razak.

Residents could go for a casual stroll or exercise at the popular Titiwangsa Lake Gardens, which is just 1.3km away from the development. There are eateries, schools, convenient stores, bus stops available in the vicinity.

Huey Ling Lee from One WSM Property Sdn Bhd, the estate agent who concluded the deal, said Villa Seavoy’s proximity to KLCC (around 5km) is one of the reasons the tenant had chosen the unit. “The tenant’s workplace is near the Petronas Twin Towers. Moreover, he has kids studying in the primary and secondary schools close to Titiwangsa,” Lee said.

Lee noted that the tenant also likes the unit as it is within a low density development with quiet surroundings.

The landlord meanwhile, is fussy in choosing his tenants. Compared to nearby serviced apartments, the rents for the units here are higher due to their exclusivity and security.

As at April, 2020, there is no Villa Seavoy unit available for rent on but according to 66 rental listings for serviced apartments in the Titiwangsa area, the average asking rental of serviced apartments there is around RM2,331 or RM2.76 psf.

There were also 35 units listed for sale at an average asking price of RM608,609 or RM682 psf.

Titiwangsa saw 20 serviced apartment units sold in 2018 at an average price of RM632,100 or RM643 psf.

In 2019, five units were sold at an average price of RM1.31 million or RM1,111 psf.

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