Sold for: RM1.16 million (about RM966 psf)
When: July 2020
● Built-up: 1,200 sqft
● Semi-furnished low-floor unit
● 3-bedroom; 4-bathroom
● Nearby amenities: Shopping malls such as Solaris Mont’Kiara and Publika Shopping Gallery; international schools such as Mont’Kiara International School, Garden International School and French School of Kuala Lumpur; clinics and medical centre, eateries and convenience stores
● Easy accessibility via SPRINT Highway, Jalan Duta-Sungai Buloh Highway, DUKE Highway and North-South Expressway
Pavilion Hilltop Mont'Kiara is located at Jalan Changkat Duta Kiara in Mont’Kiara, Kuala Lumpur. Developed by Permata Cermat, a joint venture between Pavilion Group and Kuwait Finance House, the luxury condominium development was completed in 2017.
The premium condominium houses a total of 621 units in three blocks. Facilities include infinity pool, outdoor Jacuzzi, BBQ facilities, children’s playground, jogging path, gym and multi-purpose hall.
Real estate negotiator Ashley Haw of Kith and Kin Realty said the buyer likes the unit as it is located close to an abundance of public amenities such as banks, shopping malls, F&B outlets and retail stores.
“The buyer was looking for a relatively new condominium in Mont’Kiara for his own stay, as he wanted to move to a new environment. He is impressed by the beautiful landscaping and the array of facilities in Pavilion Hilltop Mont'Kiara,” Haw offered.
Haw shared that the seller has decided to cash out as he doesn’t want to manage tenants anymore. The unit was left vacant for around one year and was sold at a slightly lower than market price.
Data from EdgeProp Research showed that there were seven units in Pavilion Hilltop Mont'Kiara sold this year, as at August 14, with an average transacted price of RM1.68 million or RM922 psf. In 2019, a total of 35 units changed hands, with an average transacted price of RM1.74 million or RM969 psf.
As at end of August, 96 units in Pavilion Hilltop Mont'Kiara are listed for sale on the EdgeProp.my property portal, with an average asking price of RM1.97million or RM1,025 psf. Meanwhile, there are also 86 units looking for tenants with an average asking monthly rent of RM7,730 or RM3.99 psf.
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