Banyan Tree Residences, Pavilion, Bukit Bintang
Banyan Tree Residences (also known as Banyan Tree Signatures) is a freehold apartment located in Pavilion, Bukit Bintang. There are 492 units available at this project with built-up from 1,076 sf to 2,195 sf. It was developed by Pavilion Group with a launch price at around RM2,000 psf, and was completed in about 2015.
Pavilion Group is a medium-sized real estate group, and it has constructed around 13 real estate projects in Malaysia. Other similar projects by the same developer are Pavilion, Pavilion Hilltop, Pavilion Residences, Pavilion Suites and The Park 2.
This apartment has many amenities nearby, for example universities, hospitals, metro transport stations and schools. The following are some main universities here:
- Berjaya College
- Inti International College KL
- University Of Nottingham Teaching Centre
- University Of Wolverhampton
- YTL International College Of Hotel Management
As for hospitals, there are Prince Court Medical Centre and Twin Towers Medical Center. There are also some metro transport stations here, i.e. LRT KLCC and Monorail Raja Chulan.
The current market prices for Banyan Tree Residences are from RM2,300,000 to RM4,500,000 (about RM2,140 psf); while the monthly rentals are from RM7,000 to RM13,000 (about RM6.51 psf). The highest median price psf ever recorded was RM2,514 psf in Q3 2016; while the lowest one was RM1,839 psf in Q2 2012.
The current rental yield of Banyan Tree Residences is around 3.53%, compared to 3.61% a year ago in Q4 2018. The highest rental yield ever recorded was 4.46% in Q1 2017; while the lowest one was 2.49% in Q4 2016. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Banyan Tree Residences is 1-bedroom / 1,076 sf with a median price of RM2,140 psf. For price wise, the most expensive one is 2-bedroom / 1,195 sf with a median price of RM2,390 psf; while the cheapest one is 3-bedroom / 2,195 sf with a median price of RM2,050 psf.
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