rented for

RM14,000 (RM6.38 psf)

DONE DEAL: Serviced apartment at Banyan Tree Signatures Pavilion, Jalan Conlay, Kuala Lumpur

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Banyan Tree Signatures Pavilion is a luxury high-rise serviced apartment project developed by the Pavilion Group.

Arden Estates Sdn Bhd real estate negotiator Eugene Pang said the owner, who was eyeing for a higher rental, has renovated the serviced apartment into a fully-fitted unit and he also agreed to tenant’s request to replace a newer and bigger sofa set.

Location and beautiful city view are the reasons that attracted tenant, added Pang. In addition, the big size units with built-ups over 2,000 sq ft are rare in Banyan Tree Signatures Pavilion – there is only one such unit on every floor.

“The refurbishment investment and time were well paid off as this rental deal gave the owner a rental return of above 4%,” he noted.

According to EdgeProp Research, there were four residential units in Banyan Tree Signatures Pavilion sold in 2020 at an average transaction price of RM3.38 million or RM1,925 psf.

As at February 2021, 118 units of Banyan Tree Signatures Pavilion were listed for sale on EdgeProp.my. The average asking price was RM2.85 million or RM2,407 psf.

Meanwhile, 131 units were looking for tenants at an average asking monthly rental of RM8,600 or RM6.30 psf.

Interested to buy unit in Banyan Tree Signatures Pavilion? Or click here for more property listings in Jalan Conlay​. Click here to know more about Eugene Pang and potential good deals.

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