Bangsar seems to be increasingly off the radar with few new launches due to the lack of development land. As the city’s “centre of gravity” remains entrenched within the confines of KLCC, areas which are deemed to be a little “off the centre” are getting less attention.
Bangsar Indah happens to be one of the favorite spots for urban dwellers seeking escape from the usual bustles of high city life in KL but don’t really want to go too far from the conveniences of it. Fortunately for those living in Bangsar Indah, they also enjoy the beautiful, healthy lush greenery that (some areas in) Bangsar is naturally gifted with. True enough, this former rubber plantation has evolved into one great place to live in and raise a family, and a prime spot for real estate investors. And Bangsar Indah is a perfect proof for both.
The leasehold condominium property sits in the mature real estate section of town. In fact, Bangsar Indah is not exactly young and ‘new’, but that does not make it any less interesting despite the healthy choices of properties in the greater Bangsar area that could impale the popularity of Bangsar Indah in the real estate market. But the charm of the suburban-moderne designed condo complex just cannot be fully drowned. And what does it hold over everyone else? Simple: location.
Apart from the rolling lush, green hills around it for view, Bangsar Indah is right in the same neighborhood with Bangsar’s ‘Strip’ – an entire street of bars, clubs, pubs and restaurants – basically where all the happenings are at. Not to mention, shopping centers like the Plaza Damas and Midvalley Megamall are practically a stone’s throw away from here. That’s why it is a very attractive place for renters and of course, their investors.
Bangsar Indah – A Primer
A regular unit at the condo complex, measuring between 800 and 1500 sq. ft., would only cost an investor roughly about RM 950,000 and then rent it out for about RM 2000 a month to some yuppie who works in either KL or in Bangsar. Not to mention, Bangsar Indah is about within a kilometer or so from several universities including the Health Management Institute, the SMK LaSalle Brickfields, and the Public Health Institute among others, making it a perfect rental place for students.
There is a good several (and significant) hundreds or thousands of ringgits in between rental fees for similar places in Bangsar like, say, the venerable Menara Bangsar or the Cascadium. At that rate, and easy and constant demand for Bangsar Indah units for rent, any investor would probably get his or her return rather quickly. To check what’s the fair market value for a place here at Bangsar Indah, use this “How To Value A Property” e-booklet which you can download here.
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With mid-level amenities that are no-grander than a pool, a children’s pool, a squash court, and the regular security, what you are actually paying for in Bangsar Indah is the convenience it provides. Bangsar Indah is aging, and there’s no masking the fact that this will accelerate as the years pass by. Something to think about before plunging your hard earned cash into the down payment of a unit here at Bangsar Indah…
Now let’s face it – the typical buyer for Bangsar Indah would be different from one who is considering to invest in One Menerung or Ken Bangsar. We would expect the target market of Bangsar Indah would be “genuine” home buyers and not short-term and middle-term investors or speculators. Long-term investors would probably look elsewhere, too, given the plethora of choices in Bangsar or other comparable areas such as Sentul or Ampang. However, if you’re considering a unit here, then it’s important to completely nail down the property’s fair market price so that you do not overpay. Download this guide on how to know how much is a property worth by entering your name and email address below (we will need those details to email you your copy). It’s free. 🙂