Aston Kiara 3 is a freehold condominium that is tucked away at the end of Jalan Kiara 3, Mont Kiara, Kuala Lumpur.
Continue Reading ⋅ 6 April 2021
Pavilion Residences is a 5-star condominium that sits atop the 7-storey Pavilion Kuala Lumpur shopping mall, which is part of a world-class 12.6-acre integrated development, Pavilion Kuala Lumpur, which includes a 19-storey signature office tower, as well as the 200-room hotel and suites Raffles Kuala Lumpur.
The residences comprises 368 units in 2 towers, standing at 50- and 43-storeys respectively. Pavilion Residences was developed by the Urusharta Cemerlang in 2009, and some are of the opinion that it is one of the best places to live.
This development features multiple facilities, including a beautiful sky garden where residents can enjoy a fresh environment that’s complemented by a view. The sky garden is located at the roof level of the shopping mall. There is a business centre, reading room, multi-purpose hall, and barbecue area residents can spend time with their family or get some ‘me’ time.
Pavilion Residences is surrounded by developments such as Dorsett Regency, Sri Kia Peng, 8 Conlay, 1 Stonor, and The Pearl. It is right smack in the middle of Kuala Lumpur’s shopping haven and is near other shopping malls such as Starhill Gallery, KL Plaza, and Lot 10. With all the malls and commercial activities in the area, Bukit Bintang is usually congested day and night.
Through the years, Pavilion Residences has become one of the icons of Bukit Bintang. If you take a stroll in Bukit Bintang, look up and try to spot 2 elegant towers that are parallel to Starhill Gallery. Now, that’s Pavillion Residences!
Whatever your lifestyle may be, you’ll find everything you need here. All kinds of good food, a wide array of international and local brands, conveniences, the best selection of entertainment, parks, unique attractions, and more.
Its prime location right at the heart of Kuala Lumpur’s Golden Triangle has made it a popular choice for career-oriented individuals and young families. Pavilion Residences was completed in 2009.
Pavilion Kuala Lumpur is built on the former site of Bukit Bintang Girls School. The school was moved to Cheras in year 2009, and is now known as Sekolah Seri Bintang Utara. Pavilion Kuala Lumpur was awarded the prestigious FIABCI Prix d’Exellence Award 2009 for Retail, currently housing some of the world’s finest brands.
KL Pavilion Sdn Bhd is the development manager for the entire Pavilion KL development, while Pacific Star Asset Management Ltd is the asset manager for Pavilion Residences Tower 1.
Address: Jalan Raja Chulan, Off Pavilion, 55100, Kuala Lumpur
Property Type: Condominium
Land Title: Residential
No. of Storeys: 43 (Tower 1) & 50 (Tower 2)
Total Units: 368 (Tower 1: 163, Tower 2: 205)
Tenure: Leasehold
Year of Completion: 2009
Built-up Area: 1,057 sq ft – 17,718 sq ft
Facilities:
- Swimming pool
- Tennis court
- Gymnasium
- Aerobic studios
- Sunken yoga courtyard
- Jacuzzi
- Outdoor exercise court
- Wading pool for children
Launch Price: N/A
Launch Price Per Sq Ft: From 900 psf
Maintenance Fee: RM0.55 psf
Awards: FIABCI Prix d’Exellence Award 2009 for Retail
Project Details
The beautifully designed development contains 2 towers. There are 43 storeys in Tower 1, and 50 storeys in Tower 2. The number of units in Tower 1 and 2 are 163 units and 205 units respectively, and that totals to 358 units.
Pavilion Residences’ built-up ranges from 1,088 sq ft to 1,307 sq ft (2 bedrooms), 1,057 sq ft to 2,405 sq ft (3 bedrooms), and 3,394 sq ft to 6,689 sq ft (4 bedrooms).
Amenities available at Pavilion Residences includes 24-hour security, barbeque area, gymnasium, swimming pool, playground, and tennis court. Each unit has its own parking lots that is separate from the hotel.
The launch price of Pavilion Residences was at RM900 per sq ft, and the maintenance fee is at RM 0.55 per sq ft.
- Type A1: 1,307 sq ft (2 bedrooms)
- Type A2: 1,509 sq ft (2 bedrooms)
- Type A3: 1,234 sq ft (2 bedrooms)
- Type A3a: 1,057 sq ft (2 bedrooms)
- Type B1: 2,013 sq ft (3 bedrooms)
- Type B2: 2,645 sq ft (3 bedrooms)
- Type B3: 2,405 sq ft (3 bedrooms)
- Type C1: 3,394 sq ft (4 bedrooms)
- Type C2: 4,157 sq ft (3 bedrooms)
- Type C3: 4,227 sq ft (4 bedrooms)
- Type D1: 5,743 sq ft (Duplex – 4 bedrooms)
- Type D2: 7,174 sq ft (Duplex – 4 bedrooms)
- Type D3: 6,369 sq ft ((Duplex – 4 bedrooms)
- Type D3a: 6,689 sq ft (Duplex – 4 bedrooms)
- Penthouse: 17,718 sq ft
Location
Pavilion Residences is in the midst of the hustle and bustle of a capital city. Being in a prime area, the development is also near multiple commercial and office buildings, like Menara HLA, Wisma Cosway, and hotels like JW Marriot Hotel, The Westin Kuala Lumpur, Pullman Kuala Lumpur Hotel, Hotel Istana, Concorde Hotel Kuala Lumpur, Equatorial Hotel Kuala Lumpur, and Grand Hyatt Kuala Lumpur Hotel.
As for restaurants and cafes, Pavilion Kuala Lumpur mall has many to choose from, and a short drive or walk away are heritage eateries, which have been around for decades. So, the problem here is really about having to narrow the wide number of options and choose!
Residents also enjoy easy accessibility as the development is connected through major roads and highways such as Jalan Raja Chulan, Jalan Bukit Bintang, Jalan Imbi, Jalan Tun Razak, Jalan Kampung Pandan, Jalan Tengah, Jalan Kia Peng and Jalan Ceylon.
Accessibility
- Jalan Raja Chulan
- Jalan Bukit Bintang
- Jalan Imbi
- Jalan Tun Razak
- Jalan Kampung Pandan
- Jalan Tengah
- Jalan Kia Peng
- Jalan Ceylon
- MRT Tun Razak Exchange
- Monorail Imbi
- Monorail Raja Chulan
Education
- BERJAYA University College
- INTI International College KL
- University of Nottingham Teaching Centre
- YTL International College of Hotel Management
- St John’s International Schools
- SEGI College
Medical Care
- Beverly Wilshire Medical Centre
- Prince Court Medical Centre
- Twin Towers Medical Centre
- National Heart Institute (Institut Jantung Negara)
- KL General Hospital
- Tung Shin Hospital
Shopping
- Pavilion KL
- Suria KLCC
- Starhill Gallery
- Lot 10 Shopping Centre
- Fahrenheit 88 Mall
- Berjaya Times Square
- Avenue K Shopping Mall
- The Exchange Mall
- Sungei Wang Plaza
- Low Yat Plaza
Recreation
- National Art Gallery
- Istana Budaya
- Taman Tasik Titiwangsa
- Titiwangsa Sports Complex
- Royal Selangor Golf Club
- TRX Central Park
- KL Forest Eco Park
- Perdana Botanical Gardens
- KL Eco Park
- KLCC Park
- Petronas Twin Towers
Analysis
Pavilion Residences has a lot going for it – multiple facilities, convenience (as it sits on top of a world-class shopping mall), and of course, tight security. As with any hot area, congestion is expected (with standstills during peak hours), and noise pollution from the city’s vehicular, shopper and pedestrian traffic.
The address spells prestige, and this is evident in its price tag. A 1,307 sq ft unit listed for sale on PropertyGuru in January 2021 is from RM2.2 million to RM2.55 million. For rent, it is listed from RM4,500 to RM7,500 per month.
For units purchased at RM2.3 million, and rented out at RM6,500 per month, the gross rental yield would be 3.39% per annum.
Here’s a look at residential properties in the KL city centre.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Pavilion Residences by Urusharta Cemerlang |
Leasehold |
Condominium |
2009 |
1,057 sq ft – 17,718 sq ft |
From RM900 psf |
|
Lucentia Residences, Bukit Bintang City Centre by UDA Holdings Bhd |
Leasehold |
Serviced Residence |
2020 |
454 sq ft – 882 sq ft
|
From RM749,100 |
|
Hemmon House by Forebase Property Sdn Bhd |
Freehold |
Serviced Apartment |
2020 |
820 sq ft – 1,083 sq ft (Dual-key units) |
From RM2,400 psf |
|
Verticas Residensi by Wing Tai Malaysia Berhad |
Freehold |
Condominium |
2012 |
1,427 sq ft – 5,342 sq ft
|
From RM1.7 million |
|
Dorsett Residences Bukit Bintang by Far East Consortium International Limited |
Freehold |
Serviced Apartment |
2018 |
652 sq ft – 1,331 sq ft |
From RM1.25 million |
|
The Troika by BRDB |
Freehold |
Condominium |
2010 |
960 sq ft –21,688 sq ft |
From RM1,000 psf |
|
Impression U-Thant by Yong Tai |
Freehold |
Condominium |
2021 |
782 sq ft – 1,632 sq ft (dual-key) |
From RM1.38 million |
|
Core Residence at TRX by Core Precious Development Sdn Bhd |
Freehold |
Serviced Residence |
2023 |
624 sq ft – 1,022 sq ft |
From RM1.44 million |
|
Conlay by Eastern & Oriental Bhd and Mitsui Fudosan Group |
Freehold |
Serviced Apartment |
2024 |
732 sq ft – 1,335 sq ft
|
From RM1.46 million |
|
Isola KLCC by OCR Group |
Freehold |
Serviced Residence |
2021 |
680 sq ft – 3,080 sq ft |
From RM1.18 million |
|
Agile Embassy Garden by Agile Group Holdings |
Freehold |
Serviced Apartment |
2024 |
554 sq ft – 1,005 sq ft
|
From RM1.06 million |
|
Yoo8 serviced by Kempinski (Tower B) by KSK Land |
Freehold |
Serviced Residence
|
2020 |
705 sq ft – 1,328 sq ft
|
From RM2.3 million |
Summary
Some describe Pavilion Residences as the epitome of urban luxury living, for its strategic location and quality infrastructure. Its 6-star living comes with en suite bathrooms, air-conditioning and high-quality fittings and finishing, including marble and timber flooring, with views of the Petronas Twin Towers and the Kuala Lumpur city skyline.
Here are estimated loan figures for a unit priced at RM2.3 million.
- LTV / margin of finance: 70%
- Down payment (30%): RM690,000
- Loan amount: RM1.61 million
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM6,963
- Approximate required gross annual income: RM280,000*
These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator.
If you’re interested in calculating Debt Service Ratio (DSR), you may refer to the PropertyGuru Home Loan Pre-Approval tool. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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