● Built-up: 836 sq ft
● Two bedroom; one bathroom
● Fully furnished high floor unit
● Facilities: Infinity pool, water jets, wading pool, gym, spa room, indoor Jacuzzi, function room
● Amenities: Several shopping malls and public transportation
Developed by the Pavilion Group, Pavilion Suites Kuala Lumpur is a luxury freehold serviced apartment project located next to Pavilion Kuala Lumpur mall.
Arden Estates Sdn Bhd real estate negotiator Eugene Pang said he has concluded the deal even without physical viewings.
According to Pang, the tenant was renting another one-bedroom apartment in the same development and was hunting for a bigger unit to suit his working from home needs.
“The tenant was in Langkawi when the unit was available for rent; he immediately took up the unit after watching the virtual walk-through video as he was afraid the property would be taken up by others,” he added.
“There are only two such units [bigger built-ups] on every floor and the monthly rental is less than 5% higher than his current lease of the one-bedroom unit,” Pang noted.
According to latest available data on 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 a tenant with an average asking rental of RM6,250 or RM6.60 psf.
Planning to buy or sell a home? With EdgeProp's FREE transacted price tool, you can check past transaction prices for any property by name or area and make an informed decision.
Get the latest news @ www.EdgeProp.my
Subscribe to our Telegram channel for the latest stories and updates