Rented for: RM10,000 (RM2.90 psf)
When: March 2020
● Built-up: 3,439 sq ft
● 4 bedrooms; 5 bathrooms
● Fully furnished
● Amenities: 1.2km from Suria KLCC and Kuala Lumpur Convention Centre, 550m from Prince Court Medical Centre and private, international and national schools located within 5km
● Facilities: 38m salt water swimming pool, gymnasium, sauna room, yoga room, golf simulator room, drivers’ room, library, sky lounge, water features and pool deck cabanas
● Accessibility: 1.2km to KLCC LRT station, easy access to main roads such as Jalan Stonor, Jalan Kia Peng, Jalan Tun Razak and Jalan Raja Chulan
Developed by Ceramic Home Tiles Sdn Bhd, a subsidiary of Malton Bhd, the 41-storey The Pearl is a low-density luxury condominium development with only 179 units. The freehold project is located along Jalan Stonor within the KLCC vicinity.
According to Wennie Liew from IQI Realty Sdn Bhd who concluded the deal, The Pearl is just a stone’s throw away from KLCC Park and Pavilion KL. It is also easily accessible via major roads, such as Jalan Bukit Bintang, Jalan Kia Peng, and Jalan Sultan Ismail, she added.
“Many tenants have terminated their tenancy agreements due to the Covid-19 outbreak so many landlords have reduced their rents to attract new tenants. However, for this unit, the tenant agreed to go with the five-figure rent,” she said. The unit is fully furnished and even comes with electrical appliances. Also helping the landlord fetch a good rent for the unit was the good quality furniture and elegant interior design.
Notably, the deal was signed one day before the Movement Control Order. Liew said the tenant is a China restaurateur who owns an F&B outlet in Kuala Lumpur city centre and liked The Pearl for its proximity to Pavilion KL. He signed a one-year rental with an option to renew for another year.
EdgeProp.my recorded a total of 54 rental listings with an average asking rental of RM9,938 or RM2.70 psf a month as at July 5, 2020 while there were 35 sale listings asking for an average price of RM3.86 million or RM971 psf. In 2019, nine transactions were concluded with the average transacted price at RM3.21 million or RM832 psf.
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