The Avare, KL City, RM 3,610,000

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Description

**For viewing**
Pls contact Angel@012-5996922 or Celine@012-6333683
Email:yeeman_got@hotmail.com or celine_gmn@yahoo.com

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The Avare is a super luxurious condominium offering 6-star living style in the heart of Kuala Lumpur City Centre (KLCC). It is a joint-venture project between TM Facilities a Telekom Malaysia’s wholly owned subsidiary) with Magna Prima.

Elegantly designed with only two units per floor forming a butterfly shape, The Avare is also the first condominium in Malaysia having glass curtain walls with stainless sunshades and trims. These features allow its residents to enjoy a 180° of panoramic city view from each of its unit, and even 360° view of the iconic Petronas Twin Towers, the Royal Selangor Golf Club, and the city skyline if they buy two units on the same floor.

Originally priced by the developer at RM3.1 mil to RM8 mil, The Avare was obviously targeted for wealthy buyers. However, despite of the high selling prices, more than half (or 45 units) were sold during its soft-launched in May 2005 alone, including the two penthouses that come with private pools. All units were subsequently sold out in October 2007, far before its then estimated completion date in 2009. The buyers were mostly foreigners, including Singaporeans, Hong Kongers, Indonesians and Americans, while Malaysians made up about 40 per cent of the buyers.

Analysis
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Standing on the Lorong Kuda, off Jalan Tun Razak, The Avare puts you right in the center of Kuala Lumpur’s world class facilities and amenities. Residents with families will find the location very convenient as clinics, hospital, international schools, supermarkets, malls, banks together with entertainment and leisure spots are reachable within a few minutes by car, and some even by foot.

With only two units per floor, The Avare offers exclusivity and privacy to its residents. Each of its typical units (3,800 sf) has four bedrooms with en-suite bathrooms, maid quarters which is smartly connected to a discreet service entrance, a social kitchen, and a wet kitchen for Asian cooking.

In terms of architectural design, The Avare is definitely one of the most stylish and modern residential constructions within the KLCC area. The building has even won the CNBC Asia Pacific Award in the year 2008 for the category of Best High-Rise Development. However, as the building is fully clad by glass curtain, some people find the design too “clean” for a condominium and have a more “office-tower” look rather than a residential look.

Currently, The Avare’s subsale prices are ranged between RM3.9 mil up to RM11.9 mil. Although the prices may seems far above the grounds (and keep going up), the developer confidently said that The Avare does promise good value for money. With rental values that could go as high as RM18,000 per month, it is estimated that one unit could fetch a 7% rental return per annum, and even 8% to 9% for a semi-furnished unit. Furthermore, its lavish 6-star-living facilities including residential butler and personal limousine service, make the prices seem reasonable for its class.

Property Details

• QuikPro No:UP1199619
• Property Type:Condominium
• Tenure:Freehold 
• Title Type:Strata
• Built-Up:3,800 sq. ft.
• Asking PriceRM 3,610,000
• Asking Price psf :RM 950
• Bedrooms:4+1
• Bathrooms:5
• Maintenance Fee:RM 0.5 per s.f.
• Unit type:Corner
• Occupancy:Vacant
• Furnishing:Partly Furnished
• Posted Date:26/05/2012
• Facilities:Covered Parking, Gymnasium, Swimming Pool, 24hr Security, fully equipped social kitchen,residential butler,broadband access,concierge

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