The median sale at Bangsar South, kuala lumpur, Malaysia is RM 565,000
Fast developing into a hotspot for the trendy, Bangsar South features posh office suites for the established as well as upcoming companies. The integrated city development address has been a focus of Klang Valley’s property seekers in recent years.
Originally though, this was just a large placid rural enclave called Kampung Kerinchi. Its potential for development was not realised until UOA Holdings Bhd acquired a 60-acre (240,000 m2) piece of land there in 2005. Development went into full throttle after long term plans were made in 2007 to upgrade this area into an exclusive commercial and residential hub. Since then, this prime piece of real estate has never looked back.
The developments themselves, like [email protected] South, [email protected], Carmella Service [email protected], as well as the many office blocks and towers, are medium to high in density. But the area itself now is still considered low- to medium-density. This is because of the wide open spaces in-between buildings, the green clumps of trees and landscaped areas, vacant land lots and broad pavements with roundabouts as well as avenues that are winding and spacious.
The value of properties here, both commercial and residential, has seen much appreciation from 2012 to the 3rd quarter of 2016. It has remained relatively constant during the economic downturn between October 2016 and December 2016, compared to many other properties throughout the Klang Valley which have seen prices fluctuate somewhat. The good rental rates here are clear evidence of the popularity of this development scheme.
Besides those currently established in Bangsar South itself, there are many more amenities and facilities in the neigbouring areas like Petaling Jaya, Pantai and Bangsar townships. PJ state city is a short drive away only while PJ Section 11, 12, 13 and 14 are also conveniently close by, all of which provide even more restaurants, banks, retail shops, public and private facilities and services.
Schools like SK Bukit Pantai and SMK Seri Pantai, and Universiti Malaya are all also in the vicinity of Bangsar South. Universiti Malaya Medical Centre (UMMC) and Pantai Hospital KL are just a short distance away while three police stations and a Pantai Fire and Rescue Station are within 4 to 8 minutes’ drive away.
Mid-Valley City, with its megamall and The Garden’s Shopping Mall, is only 3 to 4 minutes’ drive away, where a myriad of facilities and amenities exist.
Restaurant types include Chinese, American, Malaysian, Korean, Italian, French and Thai cuisines, besides cafes and bakeries located at Nexus Bangsar South and The Sphere. As at beginning 2017, a new shopping facility by another developer is expected to open nearby, which is good timing, as The Sphere (shopping complex) will be permanently and completely closed down to make way for a new development by UOA.
Improved connectivity has seen Bangsar South accessible by Jalan Kerinchi that links to Jalan Pantai Baharu, Federal Highway and Lebuhraya SPRINT and Kerinchi link; or by Jalan Pantai Permai connected to Lebuhraya Baru Pantai and Jalan Kerinchi too.
LRT stations like Universiti and Kerinchi are within walking distance from this area while a complimentary shuttle services caters to visitors, dwellers and workers alike within Bangsar South’s area. Taxis and other private car transport services are available here most of the time while a pedestrian bridge links Bangsar South, across the Federal Highway, to Kerinchi LRT station at Pantai Baharu.
|Bedrooms||Sale Price||Monthly Rent||Rental Yield|
|1||RM 588,584||RM 2,533||5.16%|
|2||RM 852,204||RM 3,434||4.84%|
|3||RM 1,338,235||RM 4,204||3.77%|
|4||RM 1,400,332||RM 5,348||4.58%|
|5||RM 2,072,500||RM 6,450||3.73%|
|Sector||Price Psf (Non Landed)||Price Psf (Landed)|
|Area Average||RM 762||RM --|
|State Average||RM 404||RM 2,536|