Bangsar Hill Park condominium unit fetches RM7,500 monthly rent

A condominium unit at Bangsar Hill Park in Kuala Lumpur has been rented for RM7,500 per month. The tenant, a Japanese corporate, was attracted by the high-standard furnishing and imported white goods, as well as the rare corner layout.

A condominium unit at Bangsar Hill Park in Kuala Lumpur has been rented for RM7,500 per month, according to Kevin Tan (REN 25714) of Avid Estates. The tenant, a Japanese corporate, was selective in its search for a quality unit and was drawn to the property’s exceptional furnishing and imported white goods, which set it apart from typical rental properties. The unit also featured a rare corner layout, unique to this block within Bangsar Hill Park.

The landlord, based in the US, had initially purchased and furnished the unit as a holiday home but later realised he would not be staying in Malaysia as frequently. The property was on the market for two months, attracting considerable interest, before it was leased. Most units in Bangsar Hill Park are owner-occupied, making a well-furnished property of this kind uncommon.

As of late October, based on 25 sale listings on EdgeProp of condominium units at Bangsar Hill Park, the average asking price was RM1,106,268 or RM980.24 psf, with built-up sizes ranging from 856 to 1,478 sq ft. Based on 25 rental listings, the average asking monthly rate was RM5,494 or RM4.49 psf, with built-up sizes ranging from 917 to 1,478 sq ft.

In a separate transaction on 5 August, a condominium unit at Residensi 38 Bangsar with a built-up size of 592 sq ft was sold for RM800,000, reflecting a price of RM1,351.35 psf.