Right atop Bukit Bandaraya along Jalan Kapas is another high-end serviced condominium called Ken Bangsar. It was developed by Ken Holdings and was completed in 2009. Immediate neighbors of this 15-storey freehold property include Araville, D’9 Bangsar and Desa Bangsar Ria. Impian Emas and Bayu Angkasa is across the road.
The 15-storey single block of Ken Bangsar houses a total of 80 luxury condominium units. Seventy six (76) of these are standard units with built-up sizes from 2,000 to 2,700 sqf. The remaining four (4) are triplex penthouses which have built-up sizes from 6,800 to 8,500 sqf. Each triplex penthouse is provided with a private swimming pool. Other facilities available to residents are a clubhouse, a swimming pool, a multi-purpose hall, a full-equipped gym, covered carpark, concierge, jacuzzi and 24 hours security.
Ken Bangsar is built by Ken Holdings, a developer with some 33 years of experience in Malaysia property. They are the people behind Ken Rimba, Ken TTDI, Ken Aman and its flagship development in Damansara which is imaginatively called (you guessed it!) Ken Damansara. Ken Rimba is known as the country’s first green township, and this focus has carried into the development of Ken Bangsar.
Launch prices of units at Ken Bangsar were from RM700 to RM1000 psf. Some say this is quite ambitious, considering that other upscale (and better) developments such as One Menerung and Bangsar Peak were offered at RM650 during their launching. This makes Ken Bangsar an expensive investment. This probably explains why sales were low. It was reported that only more than half of the available units were sold only a month before its completion.
Currently, average sub sale price of Ken Bangsar is at RM1,150 psf which is a bit lower than One Menerung’s RM1,190. It does seem that Ken Bangsar is somewhat less popular than One Menerung (even more so now with the “cow controversy” which surrounds the latter). It is not to say, though, that it is not at all a worthy investment – it does seem to be fresh alternative to One Menerung (previously reviewed here) and other upscale Bangsar condominiums.
Ken Bangsar is not only about the great views and lavish spaces. It also boasts of being a “green” development. In fact, the property has been awarded several recognitions, including one from FIABCI for Sustainable Development.
Energy-saving technologies have been incorporated into the property such as the use of laminated glass for its windows that help lower temperatures and therefore reducing the need to run air conditioning. The building was also constructed in a way that natural light is maximized especially in the common areas. Additionally, excess heat from heat pumps are collected and used to supply hot water to the common area restrooms. “Wind tunnels” are also part of the design of the building which channel air to the common areas, again to keep the need to use air conditioning at a minimum. Ken Holdings also made use of the excess trimmings of marbles and timber to create a unique wall.
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In general, sustainable development is not a strong selling point among Malaysians, but we do see this trend starting to pick up. Up north in Penang, New Bob has adopted the “green” philosophy which has been demonstrated in the recent bungalow development “The Manor” (see here for review). From this perspective, Ken Bangsar has an edge over its contemporaries in Bangsar (and, by extension, KLCC and Mont Kiara).
Pricing-wise, Ken Bangsar is on the top of the echelon of Bangsar condominiums, ad at nearly RM1,200 psf it is even more expensive than a large number of KLCC condominiums. The price is premium, and the sustainable development story may not be appealing enough for prospective tenants and buyers to choose Ken Bangsar over One Menerung or a KLCC apartment. Its favorable location on top of Bukit Bandaraya might sway some buyers, but the wide variety of choices (in Bangsar or elsewhere) at a lower price tier may work against this development.