DONE DEAL: Duplex unit at Sunway Vivaldi condominium, Mont’Kiara, Kuala Lumpur

Sold for: RM3,200,000 or RM803psf

Concluded by: Marcus Lai Wai Hong of TE Realty (011-26338321)

When: October, 2015

Noteworthy:
*Freehold
*Built-up area: 3,983 sq ft
*Developed by Sunway City
*Completed in 2011
*6 blocks
*3 blocks of 9-storey condo and 3 blocks of 20-storey condo
*Fully furnished with television, sofas and beds
*Duplex unit
*21 ft ceiling height (double volume dining hall)
*Maintenance fee of 30 sen per sq ft
*Overlooking Olympic length infinity pool
*Private lift lobby for each unit

According to the agent, Marcus Lai Wai Hong of TE Realty, the selling price for this freehold unit is in line with the market price of between RM728psf and RM803psf .

“However, some of the units may be transacted at higher rates depending on the furnishings, property condition and the level it is situated at,” Lai added.

The unit was previously tenanted by a long-term expatriate. According to Lai, the rental yield of Sunway Vivaldi units is 6%. “The purchaser is a seasoned investor and he foresees that Sunway Vivaldi is able to promise him high rental returns as well as potential capital appreciation.”

According to data from TheEdgeProperty.com, there were two Sunway Vivaldi transactions at an average price of RM3,150,000 or RM791psf in 1Q2015. They involved units with built-up areas of between 2,573 and 4,077 sq ft.

In 1Q2014, one transaction of a unit sized at 2,572 sq ft was recorded at RM2,400,000 or RM933psf.

The available listings on TheEdgeProperty.com showed that the average asking monthly rent in Sunway Vivaldi between 2Q2014 and 1Q2015 is RM11,623 or RM3.33psf, with an indicative gross asking rental yield of 5.6%.

The current listings also showed that the latest range of asking prices for Sunway Vivaldi is between RM1.41 million and RM7.6 million for units with built-ups of 3,000 sq ft to more than 9,000 sq ft.

Click here to check out the price trends for Sunway Vivaldi

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