The Banyan Signatures Pavilion Kuala Lumpur, also known as Pavilion Banyan Tree or Banyan Tree Residences, is a luxury serviced residence project located in the heart of Kuala Lumpur’s Golden Triangle.
Sub-Sale Market Analysis
1. Transaction Prices:
- Price Range: The transaction prices for properties at Banyan Tree Signature Kuala Lumpur vary significantly. For example, units are listed for sale ranging from approximately RM1.78 million to RM3.69 million, with price per square foot (psf) ranging from RM1,654.28 to RM1,680.59[3].
- Market Trend: The overall residential market in Kuala Lumpur has shown moderate growth despite a market glut. The prices of residential properties in Kuala Lumpur and Selangor have continued to grow, albeit at a slower pace, with a 6.6% and 5.8% growth rate respectively in 2017[4].
2. Rental Prices:
- Rental Range: The rental prices for Banyan Tree Signature Kuala Lumpur units range from RM4,000 to RM13,800 per month, depending on the size and location of the unit[2].
- Average Rental: The average rental price for properties in KLCC, where Banyan Tree is located, is approximately RM7,827 per month[2].
- Rental Yield: The rental yield for Banyan Tree Signature Kuala Lumpur is around 4.28%, indicating a relatively stable return on investment for property owners[1].
3. Key Points:
- Location: The development is strategically located in the heart of Kuala Lumpur, offering direct access to Pavilion Kuala Lumpur and the Bukit Bintang district, making it highly desirable for both local and international tenants[1].
- Facilities: The property features a range of luxury amenities, including a 58m infinity pool, Jacuzzi, kid’s pool, sauna and steam room, gymnasium, dance studio, BBQ terrace, outdoor lounge, and function rooms with outdoor terraces[1].
- Market Outlook: The residential market in Kuala Lumpur is expected to remain stable, with a focus on more affordable pricing and strategic product adjustments to address the price-income mismatch[4].
Sources:
- [1]Â www.edgeprop.my
- [2]Â www.propsocial.my
- [3]Â www.propertyguru.com.my
- [4]Â cbre-wtw.com.my
- [5]Â www.booking.com
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