Pavilion Residences

1. Transaction Prices

• Market Price Range: The market price for units in Pavilion Residences ranges from RM2,200,000 to RM14,980,000, depending on the built-up area which varies from 1,234 sq ft to 6,689 sq ft[2].
• Recent Sales: Recent sales listings show prices such as RM2,100,000 for a 1,234 sq ft unit, RM3,000,000 for a 1,307 sq ft unit, and RM4,600,000 for a 2,645 sq ft unit[2].
• Price per Square Foot: The median price per square foot ranges from RM1,760 psf for a 2-bedroom, 1,307 sq ft unit to RM2,240 psf for a 4-bedroom, 6,689 sq ft unit[2].

2. Rental Prices

• Rental Yield: The current rental yield for Pavilion Residences is around 3.45%, which is an increase from 3.0% in Q4 2022[2].
• Rental Listings: Recent rental listings include RM6,800 for a 1,307 sq ft unit, RM7,500 for a 1,509 sq ft unit, and RM18,000 for a 2,645 sq ft unit[2][3].
• Rental Rate: The rental rates for Pavilion Residences are among the highest in Kuala Lumpur, with some units fetching up to RM4,000-RM4,200 per month[4].

3. Market Trends

• Klang Valley Market: The Klang Valley residential property market saw an increase in new completions but slower transaction activities on a quarter-on-quarter basis in 4Q2023. However, the overall market is expected to gain momentum in 2024 with further new completions[5].
• Loan Applications: Loan applications and approval rates for residential purposes increased by 12.87% and 11.52% respectively in 4Q2023 compared to the same period in the preceding year, indicating a stable and improving market[5].

4. Key Points:

• Transaction Price Range: RM2,200,000 to RM14,980,000
• Rental Yield: 3.45%
• Rental Price Range: RM6,800 to RM18,000 per month
• Market Trend: Stable and improving, with increased new completions and loan approvals.

Sources:

• [1] ir2.chartnexus.com
• [2] www.land.plus
• [3] www.propsocial.my
• [4] napic2.jpph.gov.my
• [5] theedgemalaysia.com