Rented for: RM2,900 per month (RM4.75psf)
When: May 2020
● 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
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.
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.
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