DONE DEAL: Condominium unit, Pavilion Hilltop Mont'Kiara, Kuala Lumpur
Sold for: RM1.45 million (about RM969 psf)
Concluded by: Ashley Haw (REN 05137) (011-1289 3610) of Kith and Kin Realty Sdn Bhd
When: July 2020
Noteworthy:
● Freehold
● Built-up: 1,496 sqft
● 4-bedroom; 4-bathroom
● Fully furnished
● Mid-floor unit
● Nearby amenities: Shopping malls, international schools, clinics and medical centre, eateries and convenience stores
● Easy accessibility via SPRINT Highway, Jalan Duta-Sungai Buloh Highway, Duta-Ulu Klang Expressway (DUKE) and North-South Expressway
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Pavilion Hilltop Mont'Kiara sits within an upmarket neighbourhood of Mont’Kiara, Kuala Lumpur. The premium condominium development is a home to 621 units spread over three blocks.
The high-end residential project was developed by Permata Cermat, a joint venture between Pavilion Group and Kuwait Finance House, and was completed around three years ago.
Ashley Haw from Kith and Kin Realty co-brokered the deal in July 2020. She said the buyer bought the unit for investment purposes, eyeing the high rental demand and rental price of Pavilion Hilltop Mont'Kiara.
“Moreover, this unit was sold with an existing long-term tenant,” she enthuses.
Haw added that the buyer had chosen to buy at this time as the interest rate is low and the unit was a good bargain.
“It is fully furnished with beautiful interior design and sold at a price lower than the market,” she explained, adding that the seller is a foreigner and had waited for a buyer for more than a year.
Data from EdgeProp Research shows that as of mid-August, seven units in Pavilion Hilltop Mont'Kiara were sold in 2020 at an average transacted price of RM1.68 million or RM922 psf. In 2019, 35 units changed hands at an average transacted price of RM1.74 million or RM969 psf.
On EdgeProp.my, 96 units in Pavilion Hilltop Mont'Kiara are listed for sale as at mid-August with an average asking price of RM1.97 million or RM1,025 psf.
On the other hand, 86 units are looking for tenants, with an average asking monthly rent of RM7,730 or RM3.99 psf.
Interested to buy a unit in Pavilion Hilltop Mont'Kiara? Or click here for more property listings in Mont'Kiara. Click here to know more about Ashley Haw and potential good deals.
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