Developed by UEM Sunrise, Residensi 22 or Residency 22 is a high-end residential development with only 534 units. The project was completed and handed over in Oct 2017.
According to Catherine Wong from Kith and Kin Realty, the owner was selling the property as they did not want to continue managing and keeping the property.
“The property was sold with tenancy ending this year. It was also a good time to sell due to exemption of the real property gains tax during this period,” said Wong.
She added the buyer had viewed some of the other layout units in Residensi 22 but only liked this particular layout because it was a corner unit with an additional small family area.
Another reason that sealed the deal was the property is close to the Garden International School, which is five minutes’ walk away, she added.
Meanwhile, Wong also pointed out that the deal was a steal because there was a similar layout for sale at a much higher price at around RM2 million and above.
“Each floor only has one unit available for this kind of layout. When it is limited, the demand will be higher for this particular layout and the price also will be easily higher,” she said.
As at Nov 2020, there were 45 rental listings of Residensi 22 on EdgeProp.my, with average asking prices of RM8,526 or RM3.73 psf.
Meanwhile, there were 19 sale listings with an average asking price of RM906 psf or RM2.11 million.
As of Dec 2020, there were nine units which exchanged hands at an average price of RM881 psf, translating to RM2.1 million.
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