Developed by Hap Seng Land, Nadi Bangsar Service Residence was completed back in 2017 with a total of 416 units ranging from 441 sq ft to 1,130 sq ft.
According to Esprit Estate Agent Sdn Bhd real estate agent Caren Wong, the low-density Nadi Bangsar Service Residence has always been a popular choice, given its good location.
The unit has a unique layout, and there is only one such unit in every floor.
She deemed that it was a good deal because the unit’s market rental rate used to be 20% higher before the movement control order (MCO) kicked in in March 2020. The property-investor landlord agreed to reduce the asking monthly rental to secure this two-year tenancy.
“It is also a tastefully designed and spacious unit that the tenant can move in hassle-free. The tenant loved the unit at first sight,” Wong noted, adding that the high-floor unit also offers a spectacular city view from the balcony.
Data from EdgeProp Research show that five units of Nadi Bangsar Service Residence changed hands in 2019 at an average transaction price of RM941,000 or RM1,330 psf, while two transactions were recorded in 2020 so far at an average transaction price of RM870,000 or RM1,136 psf.
As at Jan 2021, 23 units were listed for sale on EdgeProp.my with an average asking price of RM1.15 million or RM1,370 psf.
Meanwhile, 53 units were looking for tenants at an average asking monthly rental of RM3,739 or RM4.81 psf.
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