Located in the heart of Kuala Lumpur city centre, The Edge of U-Thant houses a total of 54 landed link villas that each comes with a private lift and basement car park bays. The built-up of each villa ranges from 4,422 sq ft to 5,444 sq ft.
Aegis Property’s property agent Shawn Fernandez said the landlord of the two units is an investment holding company, while the tenant is a foreign expatriate.
“We managed to secure two contiguous units for the tenant, with one of the units having its own private pool, thus fulfilling the children's recreational needs. At the same time, renting two side by side villas also gives the tenant sufficient working and living space,” Fernandez said.
Fernandez shared that the tenant has been searching for a right place in Kuala Lumpur for more than four months as he has very strict requirements.
“It was either the properties were not modern enough and they were not willing to do the requisite refurbishments, or there was insufficient security. They liked that these units were presented in a neat and tidy condition with good security and a capable manager to attend to all the tenants' needs,” he said.
According to EdgeProp Research, the most recent transaction of The Edge of U-Thant was recorded in 2018 at a transacted price of RM6.5 million or RM1,193 psf.
As at mid-Jan 2021, six villas were posted for sale in EdgeProp.my with an average asking price of RM7.1 million or RM1,302 psf. Meanwhile, 10 units were looking for tenants with an average asking monthly rental of RM14,050 or RM10 psf against land size.
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