Sold for: RM1.45 million (about RM969 psf)
When: July 2020
● 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
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.
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.
EdgeProp Malaysia Virtual Property Expo 2020 (VPEX 2020) is happening now! Find out more exclusive projects and exciting deals here
Stay safe. Keep updated on the latest news at www.EdgeProp.my