DONE DEAL: Condo, Palmyra Bangsar, Bangsar, KL

Sold for: RM3.4 million (RM852 psf)

Concluded by: Carol Tong (REN 34423) (014-683 2968) of Kith and Kin Realty Sdn Bhd

When: January 2020

Noteworthy:
● Built-up: 3,989 sq ft
● 4 bedrooms; 5 bathrooms
● Freehold
● High-floor, semi-furnished unit
● Low density with only 60 units in total
● Facilities: Launderette, swimming pool, sauna, garden, children playground and 24-hour security
● Amenities nearby: Shopping malls, international schools, F&B outlets, shops and a medical centre
● Accessible via Damansara Link, Sprint Expressway and Kerinchi Link

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Developed by BRDB Developments Sdn Bhd about 16 years ago, Palmyra Bangsar​ is a low-density luxury condominium project located at Jalan Medang Tanduk in Bangsar, Kuala Lumpur.

According to Kith and Kin Realty Sdn Bhd real estate negotiator Carol Tang who concluded the deal, the previous owners of this 3,989 sq ft unit have moved to a smaller home after their children had flown the nest.

Meanwhile, the buyer is an expatriate who has been staying in Bangsar with his family for more than six years.

“The family has been searching for a suitable home in the Bangsar area as they have been renting in Bangsar. They chose Palmyra Bangsar​ for its location and because it is low-density with only 60 units in total,” Tong told EdgeProp.my.

She shared that the sellers had asked for a higher price initially but looking at the current soft market, the price was reduced to RM3.4 million or an average RM852 psf for the unit transacted in January. It comes semi-furnished with built-in kitchen cabinets with appliances, built-in wardrobes and beds. Despite its age, the unit has been very well-maintained.

According to EdgeProp.my data, Palmyra Bangsar​ was transacted at an average price of RM1,116 psf in 2019, an increase of 12% from RM988 psf in 2018.

As at May 2020, the property portal has three sale listings of Palmyra Bangsar​, with an average asking price of RM990 psf or RM5.96 million.

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