Located on Jalan Tanduk in a quiet (but central) vicinity of Bangsar is Bangsar Permai, a freehold and low-density condominium. From the outside, it does look like one of those old, ho-hum Bangsar apartments lacking in soul and character. We shall find out if this observation is true…:)
Bangsar Permai is in a rather “commercial” area; the nearest residential development is Bangsar Heights which is about ten minutes away by foot. Despite this, its surroundings are peaceful and quiet even though its location on Jalan Tanduk is just off Jalan Maarof by less than 500 metres. Older developments in Bangsar benefit from superior locations, and Bangsar Permai definitely is strategically located, and this is perhaps the biggest factor driving its asking price of RM450+ PSF despite being an older apartment. For comparison purposes, asking prices for Bangsar Heights units range from RM550-RM70psf. To determine if this is a fair price to pay, click here for a guide.
Rental rates range from RM2.15 to RM3.15 psf, which is typically higher than Bangsar Heights which are are rented out from RM1.75 to RM2.70 psf only.
[customx name=”Bangsar Permai” rating=”4.7″ best=”5″ worst=”1″ pricerange=”$$$” count=”4056″][/customx]
Living in Bangsar Permai
Condominium units available have built-up sizes ranging from 700 to 2,700 sqf. Bangsar Permai is made up of 5 blocks of 6-storey buildings. Residents are provided facilities such as a gym, squash and badminton courts, swimming pool, mini mart, laundry and children’s playground. Security is also provided 24 hours a day. Some residents also complained that the facilities have not been well taken care of. The gym does not have ample equipment and the squash court seems very poorly maintained.
The perimeter of Bangsar Permai has a well-kept landscape and clean exterior, so even if it is an old property, it does not really look run down; in fact it looks much better than some of the newer developments in Bangsar. According to anecdotal sources, new developments or renovations may happen in the near future. This may (or may not) give Bangsar Permai’s prices an opportunity to appreciate. However, although Bangsar Permai seems well-kept from the outside, there have been reports from the residents that only the facade has clean paint. So if you sit on your balcony, your view would be stained walls.
Bangsar Permai benefits from being in Bangsar – and unfortunately that’s the only factor going on for it at the moment. Demand far outstrips supply in Bangsar where new launches are few, and older developments like Bangsar Permai are near the amenities and connectivity is often superb. In the case of Bangsar Permai, Jalan Maarof (the main artery of Bangsar) is just 500 metres away. Additionally, the Bangsar LRT station is reachable by foot.
If you are planning to live in it, you should do further research. Maybe try to go to the area more often and see for yourself its current condition. After all, we want the best for our family. If you are looking into buying a unit for investment, you have to consider that getting a tenant may be difficult. No matter how pretty your unit becomes after having it redesigned, chances are your potential tenants may still be turned off by the current conditions mentioned above. This, however, will differ from unit to unit, and as we all know, the “rentability” of a property depends heavily on how well it is maintained. To compensate for these factors, use our guide below which you can download after entering your name and email address –