Rented for: RM6,500 (RM4.34 psf)
When: August 2020
● Built-up: 1,496 sq ft
● 4 bedrooms; 4 bathrooms
● Fully furnished
● High-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
Pavilion Hilltop Mont'Kiara is located in the upmarket neighbourhood of Mont’Kiara, Kuala Lumpur. Developed by Permata Cermat (joint venture between Pavilion Group and Kuwait Finance House), the high-end residential project consists of 621 units spread across three blocks.
Built-up of the units range from 1,200 sq ft to 3,671 sq ft.
The tenants, a Japanese family, were very happy with the furnishings and rented the unit even before renovations were completed.
“The unit was left unoccupied for a year plus and the owner decided to ask for my help to engage an interior designer to renovate the unit,” said Carol Tong of Kith and Kin Realty Sdn Bhd who concluded the deal.
She added that the unit is facing the Istana Negara and the owner had bought it for investment purposes. “The rental of RM6,500 per month is considered a very good offer for a 1,496 sq ft unit in Pavilion Hilltop Mont'Kiara which usually nets a rental yield of up to 5% or 6%,” she told EdgeProp.my.
Based on data from EdgeProp Research as of end-September 2020, there were 75 rental listings for Pavilion Hilltop Mont'Kiara with an average monthly asking rent of RM7,682 or RM4 psf.
Additionally, there were 80 units looking for buyers with an average asking price of RM2.1 million or RM1,019 psf.
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