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DONE DEAL: Serviced apartment, 188 Suites, Kuala Lumpur

Rented for: RM2,900 per month (RM4.75psf)

Concluded by: Meifen Low (REN 06451) (012-653 0714) of One WSM Property Sdn Bhd

When: May 2020

Noteworthy:
Freehold
Built-up: 610 sq ft
Mid-floor unit
Fully furnished
1 room; 1 bathroom
Facilities: Sky gymnasium, sauna, infinity lap pool and whirlpool
Nearby amenities: Suria KLCC, Quill City Mall, KLCC Park, Bukit Nanas monorail, Dang Wangi LRT station and free GO KL City Bus stations
● Accessible via Ampang-Kuala Lumpur Elevated Highway (AKLEH highway), Jalan Sultan Ismail and Jalan Ampang

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188 Suites, previously known as Fraser Residence, is located on Jalan Cendana within Kuala Lumpur’s Golden Triangle. The luxury high-rise serviced apartment development houses 446 units in two blocks of 22 floors and 26 floors each.

With its strategic location, residents here enjoy comprehensive conveniences. The Petronas Twin Towers, Suria KLCC shopping mall and KLCC Park are less than 1.5km away.

Various means of public transportation are available around the area, including the Bukit Nanas monorail, Dang Wangi light rail transit (LRT) station and the free GO KL City Bus station within walking distance.

This unit was rented out in May 2020 to a foreign citizen working nearby. Meifen Low from One WSM Property Sdn Bhd, the negotiator who concluded the deal, said the tenant decided to rent it immediately after viewing it. “He likes the convenience of the location as well as the pleasant environment there,” she explained.

According to Low, given that there are a number of vacancies in the building, the owner, who is an investor, was lucky to have secured a tenant during the Covid-19 Movement Control Order period.

“Furthermore, the deal was concluded soon after the previous tenant moved out,” she adds.

According to data from EdgeProp.my, as at end-May 2020 there were 11 rental listings of 188 Suites with an average asking rent at RM5,509 or RM5.66 psf per month.

Meanwhile, there were eight units listed for sale with the average asking price of RM963,175 or RM1,132 psf. The last transacted unit was in 2018, which sold for RM700,000 or RM1,204 psf.

Interested to rent a unit in 188 Suites? Or click here for more property listings along Jalan Cendana, Kuala Lumpur. Click here to know more about Meifen Low and potential good deals.

Planning to buy or sell a home? With EdgeProp's FREE transacted price tool, you can check past transaction prices for any property by name or area and make an informed decision.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
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