Located in Desa Pandan neighbourhood, the 23-storey Mutiara Upper East leasehold condominium has a total of 294 units. The project was completed in 2008 by Puncak Kencana Sdn Bhd, a subsidiary of Mutiara Goodyear Development.
According to Betty Gill of IPC Realty Sdn Bhd, Mutiara Upper East has a rare concept, where there are four units dubbed as ‘bungalowminiums” on the ground floor, each with a designated car porch and entrance. Two were available and the tenant took one of it.
On the concluded rental deal, Gill said the owner initially asked for a monthly rental of RM5,000, but after a few rounds of negotiations, the owner was willing to reduce the rental to RM4,000, which was a good deal for the tenant.
Gill noted that the tenant’s parents also lived nearby the area and they liked the location, which was convenient for them to visit their daughter.
According to EdgeProp Research, an average transacted price of RM1.34 million or RM629 psf in 2019 were recorded for a total of 10 units in Upper East Mutiara. No transaction was recorded in 2020.
As of August 2021, a total of 39 units were listed for sale in EdgeProp.my with an average asking price of RM1.62 million or RM673.41 psf while 38 units were listed for rental with an average asking price of RM5,734 or RM2.42 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