Developed by Pavilion Group, Banyan Tree Signatures Pavilion was completed in 2015. Located on Jalan Conlay, this serviced residence has 441 units with built-ups ranging from 1,076 sq ft to 2,195 sq ft. The luxe development has a link bridge to Pavilion KL shopping mall, and is part of the Bukit Bintang shopping belt.
Real estate negotiator Meifen Low from One WSM Property Sdn Bhd said the owner was a foreigner who purchased the unit purely for investment purpose.
Meanwhile, the tenant liked the unit for its unblocked view and good condition.
“The unit faced an unblocked view of the city skyline. It was also in a good condition as it had been taken care of by the previous tenant.”
Low added it was a win-win deal for both parties as the tenant enjoyed a relatively lower rental compared to other units while the owner was satisfied with the choice of tenant.
“The landlord liked the tenant who had promised to take care of the property and was even willing to spend some money on upgrading the unit.”
As of May 2022, there were 96 units at Banyan Tree Signatures Pavilion listed for sale in EdgeProp.my with an average asking price of RM3.4 million or RM2,118 psf. There were also 100 units listed for rental at an average asking monthly rent of RM8,341 or RM5.98 psf.
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