DONE DEAL: Serviced apartment unit, Pavilion Suites, Kuala Lumpur

Rented for: RM5,000 (RM5.98 psf)

Concluded by: Kelly Tan Yen Chin (PEA 1960) (012-266 0695) of IQI Realty Sdn Bhd

When: June 2020

Noteworthy:
● Built-up: 836 sq ft
● Freehold
● 2 bedrooms; 1 bathroom
● Fully furnished
● Mid floor with KLCC view
● Facilities: Infinity pool, wading pool, pool deck, gymnasium, spa room, indoor Jacuzzi, function room, outdoor terrace, sitting lounge and water feature.
● Amenities: Pedestrian bridge linked to Petronas Twin Towers, 300m away from Bintang MRT station, walking distance to Bintang Walk and Changkat Bukit Bintang.

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Launched and developed by Pavilion Group in 2015, Pavilion Suites is a freehold single tower development that houses 383 serviced apartments. There are four floor plans to choose from with built-up ranging from 718 sq ft to 1,254 sq ft.

Pavilion Suites is connected to the Pavilion Shopping Centre Kuala Lumpur, which is located in Jalan Bintang Walk and linked to the Petronas Twin Towers via the pedestrian bridge of KLCC. It is also 300m away from Bintang MRT station.

According to real estate agent Kelly Tan Yen Chin of IQI Realty Sdn Bhd, who recently concluded a rental deal in Pavilion Suites, it is one of the most sought-after projects in the Golden Triangle of Kuala Lumpur, thanks to its location.

“The project units were snapped up fast despite it being one of the most premium launches back in 2015. Many buyers were buying for its capital appreciation potential, just like the Taiwanese landlord who owns the unit,” Tan noted.

Meanwhile, the tenant is a Singaporean who is working in Kuala Lumpur. She likes this unit for the KLCC view and the impeccable furnishing by Pavilion Group.

“This unit also comes with a plus one room with a study desk, which can function as a small office, fulfilling the tenant's needs as she has to work from home more often since the movement control order started in March,” Tan said.

While there is no transaction data available for Pavilion Suites so far this year, last year saw 22 and 40 units asking for sale and rent respectively, as of mid-September, according to EdgeProp.my.

The average asking price is RM2.73 million or RM3,299 psf, while the average asking monthly rental is RM5,375 or RM6.96 psf.

Interested to buy a unit in Pavilion Suites? Or click here for more property listings in Bukit Bintang. Click here to know more about Kelly Tan and potential good deals.

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