Sold for : RM1.15 million (about RM613.33 psf based on land size)
When: July 2020
● Land size: 1,872 sq ft; Built-up: 1,500 sq ft
● Four bedrooms; two bathrooms
● Nearby amenities: Shopping malls, eateries and convenience stores, Bukit Bandaraya Park and public transportations. Nearby rail stations include Pusat Bandar Damansara MRT station and Bangsar LRT station.
● Easy accessibility via Jalan Maarof, Jalan Bangsar, as well as highways such as Federal Highway, New Pantai Expressway (NPE), Salak Expressway and Sprint Expressway
Bangsar Park is the oldest residential area in Bangsar, Kuala Lumpur. The residential area is well sought after by both Malaysians and expatriates, thanks to its complete amenities and convenient location within the city centre.
Within around five minutes’ drive, the residents could arrive at Bangsar Village and Bangsar Village II malls, while Nu Sentral mall and KL Sentral transportation hub are about 10 minutes’ drive away.
Mei Wong from Reapfield Properties (HQ) Sdn Bhd told EdgeProp.my that the buyer likes the single-storey link house which comes with a high ceiling and is located on a spacious road.
“While enjoying good accessibility via highways and trunk roads, the unit is located at the quieter part of Bangsar, offering a tranquil environment to the residents,” she said.
Wong pointed out that the buyer is purchasing this unit for his own stay, and he has been looking for a single-story house to suit the needs of elderly family members at home.
The seller who inherited this house had decided to let go of the house as he prefers to stay in a condo. “The house had waited for about nine months for the new buyer. It was previously rented out with a low rental yield.
“Prices of single-storey houses were much higher last year. Nevertheless, the seller accepted the deal, as other single-storey intermediate houses here are selling at even lower prices at this timing,” Wong explained.
Data from EdgeProp Research shows that as of mid-September, only one unit in Bangsar Park was sold in 2020 at RM1.6 million or RM491 psf. In 2019, there were 16 units sold at an average transacted price of RM1.71 million or RM647 psf.
As at mid-September, four units in Bangsar Park are seeking buyers on EdgeProp.my’s property portal, with an average asking price of RM1.75 million or RM735 psf.
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