Low-rise and low density condominiums have been rising in numbers for the past couple of years. The latest addition to this growing roster of developments is Park Rose Bangsar, a property developed by one of Malaysia’s premier developers—Bolton. Built on freehold land, the condominium houses a total of only 34 units, with only four units per floor.
Exclusivity is the middle name of this condominium, as its residents enjoy the privacy and serenity of bustling Bangsar. This privilege is not common among condominiums that are situated in the area because Bangsar is never a dead place. However, Park Rose is nestled in Jalan Kapas, a quiet vicinity which is a little farther from the heart of the action. Don’t get me wrong though—it still is a happening place, as there are a lot of places to see and activities to do within the area. Its neighbouring condominiums include Araville (opposite), Casa Vista (just next door), Ken Bangsar and Desa Bangsar Ria (further down Jalan Medang Kapas).
Bolton, the venerable Malaysian property developer (now rebranded as Symphony Life) is behind a rather handsome portfolio of developments (which you can check out here – opens in a new window) which includes the Tijani (reviewed here).
Low density condominiums are attracting potential investors and buyers everywhere. Whether it’s in the urban KLCC area or the posh district of Mont Kiara, it seems that low-rise condominiums are the current trend in residential property and modern living.
The condominium has a total of only 34 units. Its units measure from 1,200 square feet onwards. Units offer a spectacular view of the KLCC skyline, which is amazing for a low-rise and low density condominium.
The condominium’s quiet location and surroundings may attract expatriates who want the perfect balance of luxury and calm. Harmony is the best word to put in here. Families can also benefit from its spacious units. Singles with six-figure salaries may enjoy the condominium’s excellent Bangsar location—it is, literally—always in the middle of the action.
Always Busy, Always Happening
Bangsar has been the talk of the town because of what it has to offer—the perfect balance of nightlife to bring fun to stressful work days, cafes to pick up mornings, shopping malls to keep the shopaholics satisfied, and restaurants to experience fine dining in. There is always something to do around this side of town—and it’s not slowing down one bit.
Being in Bangsar would introduce residents to the world of convenience and amenities. Everything is simply there. This simply means that one has not to go far to experience the best in what Kuala Lumpur has to offer. It’s always easy to call Bangsar “home”.
Living at Park Rose Bangsar offers the world of luxury. Residents would enjoy its swimming pool, gymnasium, its squash and tennis courts, and a barbecue area. The condominium also has a parking bay exclusive for its residents.
Golf enthusiasts would be glad to know that the Sri Selangor Golf Club and KGPA are both located near the condominium. Fore!
Prices and Market Trends
Unit prices for Park Rose have increased dramatically over the years. This is not surprising, as Bangsar is becoming one of the most sought-after addresses among investors and residents. Its startup price is relatively lower as compared to other condominiums in Bangsar.
In 2005, unit prices per square feet were a mere RM350. 2007 saw a slight rise in prices, and by the end of the fourth quarter units were already selling at around RM430 per square feet. Unit prices heavily increased in August 2011, closing in just below RM600 per square feet. In 2012, its prices were steady at nearly RM800 per square feet – nearly touching the pricing levels that of Zehn Bukit Pantai.
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Looking at the hefty price increases throughout the years, it seems probable that Park Rose will continue to do well. The fact that there’s no more land to develop on top of Bukit Bandaraya means that the scarcity factor is kicking in and driving up prices. However, there could still be bargains to be had as long as you know how to “spot” one which is under priced. To do this, discover how to determine a property’s “fair price” using this free guide – enter your details below so that we can email you a copy for free.