Pavilion, Bukit Bintang
Pavilion (also known as Pavilion Kuala Lumpur) is a leasehold integrated office, residential & retail hub located in Bukit Bintang, KL City Centre. It consists of Banyan Tree Residences, Pavilion Mall, Pavilion Residences, Pavilion Suites and Pavilion Tower. The built-up available at this project is 1,076 sf to 2,405 sf for apartment units and 225 sf to 3,708 sf for offices. It was developed by Pavilion Group.
Pavilion Group is a mid-sized real estate group, and it has undertaken around 13 real estate projects in Malaysia. Other similar projects by the same developer are Pavilion, Pavilion and Pavilion Embassy.
This integrated office, residential & retail hub has many amenities nearby, such as universities, hospitals, metro transport stations and schools. The following are some of the major universities here:
- Berjaya College
- Berjaya Tvet College
- Berjaya University College
- Inti International College KL
- University Of Nottingham Teaching Centre
- YTL International College Of Hotel Management
As for hospitals, there are Beverly Wilshire Medical Centre, Prince Court Medical Centre and Twin Towers Medical Center. There are also some metro transport stations here, e.g. MRT Tun Razak Exchange, Monorail Imbi and Monorail Raja Chulan.
Lastly, the schools here are SMK (P) Bandaraya and Sub International School.
The current market prices for Pavilion are from RM2,280,000 to RM4,090,000 (about RM2,140 psf) for apartment units; while the monthly rentals are from RM7,000 to RM12,000 (about RM7.97 psf) for apartment units and RM3,800 to RM27,800 (about RM7.50 psf) for offices. The highest median price psf ever recorded was RM2,200 psf in Q3 2017 (Apartment); while the lowest one was RM1,279 psf in Q3 2009 (Apartment).
The current rental yield of Pavilion is 3.18% for apartment units. The highest rental yield ever recorded was 5.7% in Q3 2009 (Apartment); while the lowest one was 2.45% in Q2 2018 (Apartment). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Pavilion for apartment units is 2-bedroom / 1,307 sf with a median price of RM2,140 psf. For price wise, the most expensive one is 2-bedroom / 1,307 sf with a median price of RM2,140 psf; while the cheapest one is 3-bedroom / 2,013 sf with a median price of RM1,600 psf.
Lastly, the most popular layout and size combination at Pavilion for offices is 2,303 sf with a median rental of RM7.50 psf. For rental wise, the most expensive one is 250 sf with a median rental of RM19.20 psf; while the cheapest one is 500 sf with a median rental of RM7.50 psf.
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