DONE DEAL: Serviced apartment unit, Marc Service Residence, KL

Rented for: RM2,500 (RM3.98 psf)

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

When: July 2020

Built-up: 627 sq ft
1-bedroom; 1-bathroom
Fully furnished with air-conditioners, water heater, refrigerator, cooker hood, microwave, TV, curtain and blinds
Facilities: Lap pool, infinity pool, tennis court, fitness gym, BBQ area, children playground, multipurpose hall, concierge, launderette, convenience store and 24 hours intercom security
● Amenities: Monorail stations and KLCC LRT station are a few minutes’ walk away. Walking distance to shopping malls such as Suria KLCC, Pavillion, Bukit Bintang Plaza, Lot 10 Shopping Centre

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Marc Service Residence is a high-end serviced residence developed by Beverly Group and handed over to buyers in 2007.

Located a stone’s throw away from the Petronas Twin Towers, the 35-storey development consists of 637 units with various built-up sizes ranging from 409 sq ft to 3,302 sq ft. The development is also surrounded by amenities such as shopping malls, hospitals, public transportation stations, schools, restaurants and cafes.

According to property negotiator Meifen Low from One WSM Property Sdn Bhd, units in Marc Service Residence are always in demand, especially for rental, for their strategic location. This has attracted many property investors who are looking for good rental income.

“The owner is an investor who has been renting out her studio unit in Marc Service Residence. In July, I found her another tenant and concluded a six-month tenancy rental deal,” Low noted.

The tenant runs a small business in KL city centre and has been looking for a small and affordable unit nearby his office -- the location of Marc Service Residence has met his requirements.

The tenant likes the fully furnished studio unit and happy that the owner has offered to “upgrade” the furnishings and necessities, such as replacing water filter piping, servicing the water heater and air-conditioner.

According to EdgeProp Research, some 18 units of Marc Service Residence were sold last year with an average transacted price of RM1.8 million or RM1,227 psf. Meanwhile, there was only one transaction recorded as of August this year -- a unit in Marc Service Residence sold for RM1.1 million or at an average of RM1,294 psf.

As of mid-August, there are 101 units of Marc Service Residence listed for sale in with an average asking price of RM4.7 million or RM1,493 psf. There are also 111 units listed for rent at an average asking monthly rental of RM8,750 or RM4 psf.

Interested to buy a unit in Marc Serviced Residence? Or click here for more property listings in KLCC. Click here to know more about Meifen Lowand potential good deals.

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