The Avare, KLCC
The Avare is a freehold apartment located in KLCC, KL City Centre. There are 78 units available at this project with built-up from 3,800 sf. It was developed by Embassy Court Sdn Bhd with a launch price of about RM815 psf, and was completed around 2009. Embassy Court Sdn Bhd is a small-scale property development company held privately, and it has developed only this project in Malaysia.
This apartment has many amenities nearby, i.e. hospitals, universities and metro transport stations. The following are some of the main hospitals here:
- ALPS Medical Centre
- HSC Medical Center
- Prince Court Medical Centre
- Twin Towers Medical Center
As for universities, there are Universiti Tun Abdul Razak, Universiti Tun Abdul Razak (Unirazak), Universities 21 Global and University Of Nottingham Teaching Centre. There are also some metro transport stations here, for example LRT Ampang Park and LRT KLCC.
The current market prices for The Avare are from RM3,000,000 (about RM790 psf); while the monthly rentals are from RM10,000 (about RM2.63 psf). The highest median price psf ever recorded was RM1,236 psf in Q1 2015; while the lowest one was RM789 psf in Q4 2018.
The current rental yield of The Avare is around 4.4%, compared to 4.11% 2 years ago in Q4 2017. The highest rental yield ever recorded was 5.19% in Q1 2012; while the lowest one was 2.94% in Q1 2015. Meanwhile, the most common unit layouts and sizes available here are as follows:
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