Pavilion Residences is situated in the vibrant shopping area of Bukit Bintang in Kuala Lumpur. It comprises two blocks of 43 and 50 storeys with a total of 368 units of luxury serviced residences. The unit built-up sizes range from 1,057 sq ft to 6,689 sq ft.
Arden Estates Sdn Bhd real estate negotiator Eugene Pang said the tenant agreed to sign a two-year tenancy agreement right after the first viewing.
“The tenant liked the unit for its good condition and quality furniture. Meanwhile, the owner was happy to secure the two-year tenancy during this pandemic time,” Pang shared.
According to EdgeProp Research, two units of Pavilion Residences exchanged hands in 2020 with an average transaction price of RM2.61 million or RM2,179 psf.
As at April 2021, 70 units of Pavilion Residences were listed for sale on EdgeProp.my. The average asking price was RM3.83 million or RM1,970 psf.
Meanwhile, 108 units were looking for tenants with an average asking rental of RM9,614 or RM6 psf.