Pavilion Suites Kuala Lumpur is a project completed in 2018 by the Pavilion Group. It is a high-end freehold serviced apartment project right next to Pavilion KL mall and facing the Jalan Bukit Bintang shopping belt.
Located within KL’s Golden Triangle, the 51-storey low-density development houses retail spaces, parking lots as well as 383 serviced residences spread over 38 floors.
According to Arden Estates Sdn Bhd real estate negotiator Eugene Pang, the unit he brokered recently in Pavilion Suites is owned by a local Malaysian businessman and property investor, who holds a few luxury residential properties in KL city centre for rental income.
As all units in Pavilion Suites have the same furnishing provided by the developer, to stand out from others, the owner did some staging such as a bedding set and cutlery to impress the tenant.
“The tenant can literally move in with only his luggage! The tenant also liked that the unit comes with a carpark, which usually is not available for a one-bedroom unit in Pavilion Suites,” Pang shared.
Notably, the floor-to-ceiling glass window that showcases the KLCC skyline is another added point that made the tenant seal the deal.
According to EdgeProp Research, two units of Pavilion Suites exchanged hands in 2020 with an average transaction price of RM2.61 million or RM2,179 psf.
As at Feb 2021, 49 units of Pavilion Suites were listed for sale on EdgeProp.my. The average asking price was RM3.04 million or RM3,379 psf.
Meanwhile, 44 units were looking for tenants with an average asking rental of RM6,250 or RM6.60 psf.
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