DONE DEAL: 2-storey terraced house, Bukit Bandaraya, Bangsar, KL
Sold for: RM1.8 million (RM847 psf against land size)
Concluded by: Zack Ng Kah Chuan (PEA 2049) (016-222 9045) of Pepite Real Estate Sdn Bhd
When: March 2020
Noteworthy:
● Built-up: 2,300 sq ft; Land size: 2,125 sq ft
● Freehold
● Unfurnished
● 4 bedrooms; 3 bathrooms
● Accessible via highways including Penchala Link, New Klang Valley Expressway, Damansara Puchong Expressway and Spring Highway
● Walking distance (around 400m) to Bangsar Shopping Centre, about 6km from KL Sentral, around 11km from Kuala Lumpur City Centre, 20km from Subang International Airport
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Located in Bangsar, Bukit Bandaraya is one of the affluent residential areas in Kuala Lumpur. There are some two to three-storey terraced houses and semidees within the area.
According to Zack Ng from Pepite Real Estate Sdn Bhd, who concluded the deal, a typical double-storey terraced home in Bukit Bandaraya area would command a price tag of RM2 million for its location.
The property was up for sale since February last year. He received an offer of RM1.85 million in July this year, but the owner rejected it as there are similar units in the same area that changed hands at RM2 million.
“However, as more houses came into the market and another house on the same row was sold for RM1.85 million, the owner decided to accept an offer which was close to current market value. The deal was concluded right before the Movement Control Order,” he explained.
Houses in Jalan Pudina, Bukit Bandaraya, are always in demand, said Ng, adding that Jalan Pudina is one of the few areas which has guarded-community.
He noted that the buyer likes the location of the property with its proximity to various amenities including Bangsar Shopping Centre, which is just located five minutes away.
EdgeProp Research data showed that four terraced houses changed hands at an average price of RM2.05 million or RM1,009 psf in 2019.
Meanwhile, there are five residential properties up for sale in EdgeProp.my, with an average asking price of RM909 psf or RM2.63 million.
As at August 2020, there is one rental listing of a double-storey terraced home at Bukit Bandaraya on EdgeProp.my, with average asking prices of RM3,100 or RM1.61 psf.
Interested to buy a unit in Bukit Bandaraya? Or click here for more property listings in Bangsar. Click here to know more about Zack Ng Kah Chuan and potential good deals.
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