Bangsar has nailed it once again with its Balinese-inspired gated residential development called The Ara. Located next to The Loft, The Ara (also known as Bangsar Couture Homes) consists of 30 couture linked bungalow homes. It is a property developed by Mammoth Empire (the folks behind Empire Subang and Empire Damansara). This freehold property is situated on – you guessed it – Jalan Ara in Bangsar. Apart from The Loft, Contessa is also round the corner.
Detailed landscaping and a tropical vibe is what The Ara offers for its residents. Its bungalow units all offer a grand panoramic view of Petaling Jaya and KLCC, with Telekom “Menara Rebung” majestically gracing the skyline during night-time.
Bungalow Built-Up Areas and Details
The Ara’s linked bungalows all have 3 ½ storeys that sit on a land area measuring 32 x 55. In total, this gated community is home to 30 units, with built-up areas ranging from 3,972 square feet to 7,760 square feet.
Residents of bungalow units will enjoy a Jacuzzi in the master bedroom, as well as private lifts, a garden, and a private swimming pool. The developers made sure that each unit will be furnished with elegance in mind, as well as a designer kitchen that is equipped with world-class appliances. Furthermore, The Ara also offers barbecue areas, a fitness centre, a sauna, and a common swimming pool for all its residents. It also boasts of a 24-hour security system.
What to Do in Bangsar
Bangsar is famous as a popular destination for both locals and expatriates. With its bustling streets filled with shopping malls, restaurants, pubs, and cafes, it’s no wonder why living at The Ara would definitely be convenient.
Malls that line the area include Bangsar Village 1 and 2, Mid Valley Megamall, the Bangsar Shopping Centre, and The Gardens. All these malls are within walking and short driving distances from the gated community.
Another great thing about Bangsar is its location. It’s easy to go to KLCC, as well as Petaling Jaya via Jalan Maarof or Jalan Bangsar. The Mahameru Highway and the SPRINT Highway can also be used alternatively if one should travel to the city centre. Puchong and Kepong can also be accessed via the SPRINT Highway and Lebuhraya Damansara-Puchong Highway.
Let’s Talk Ringgit
Bangsar properties have grown in number throughout the years (although at a rather slow rate due to the lack of development land), but that has hiked up prices at a rather rapid rate. The demand is strong even if the prices continue to rise.
In The Ara’s case, average sales prices have appreciated for the last couple of years. The launch price was at around RM650 PSF, and as it stands currently, the asking prices for a bungalow unit in The Ara is listed at a rather broad range from RM800 to RM1,200 PSF. These prices represent a 30% to 100% appreciation from its starting price back in 2010. For comparison purposes, The Loft is hovering just below RM900 PSF in terms of asking price, but do bear in mind that The Ara is a landed property and so this is not an “apple to apple” comparison. For a more robust method on valuing a property, use this guide (it’s free).
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Our Two Cents (or Three)
Bangsar property prices have been on the upside for the past three years. Condominiums, gated communities, and retail outlets register rather muted growth in supply, and will not be able to respond to the demand from its current and potential residents and investors.
Specifically, The Ara is making it big in Bangsar’s gated community properties. Its stylish design and elegant ambience is truly eye candy, and its location is golden. Investing or living at The Ara will be a great choice—its numbers stating appreciation in prices and capital yields don’t lie. Its couture homes, conveniently located in Bangsar, are definitely something to beat.
On the downside, there won’t be units for everyone — even the smallest bungalow units that supposedly targets singles and young professionals are probably too big at 4,000 sq ft. The super spacious units at more than 7,000 sq ft that can accommodate growing and large families comfortably however.
Additionally, if traffic jams aren’t your friend, it’s best we warn you about Bangsar’s roads during peak hours. Congestions normally take place in Jalan Maarof and Jalan Bangsar, as well as internal roads such as Jalan Bukit Pantai, Jalan Cenderai, and Jalan Ara.
Given the current asking price rate averaging RM1,000 PSF, The Ara is not for the small time buyer and investor. It is, however, one of the handful of newer landed developments in Bangsar which means that the demand should stay up and ahead of condominiums and apartments. The market for rental might be limited given its size – so be aware of this if you’re looking to secure a unit to be rented out. Finally, with its asking price breaching the “magical” RM1,000 PSF point it is now in the upper league of luxury properties in Kuala Lumpur; but whether The Ara justifies this price tag or not is another story. To find out, use this guide on how to value a property (free courtesy of GoodPlace.my) here –