Lying between Kuala Lumpur and Petaling Jaya, Bangsar has enjoyed an enviable location making it a hotspot for shopping, dining and night time entertainment. The abundance of commercial and residential properties in the area alone is enough to charm wealthy investors and expatriates.
However, there’s another side to the district that’s just as charming, modern and luxurious namely Bangsar South. It is an integrated property development located between Kuala Lumpur and Petaling Jaya, and close to Mid Valley Megamall and Menara Telekom. It is comfortably and strategically situated across Federal Highway’s entrance from Jalan Bangsa allowing an easy in and out access. Also a short drive away is the exit to Mon’t Kiara and Sri Hartamas. A KLCC visit, on the other hand, will only take 10 minutes via the Federal Highway or Jalan Bangsar.
A Preview of Bangsar South
At the helms of this much anticipated project is UOA Holdings Berhad, a renowned and established developer in Malaysia, who plans to build high end condominiums, retail and commercial spots as well as modern office towers. The company acquired the land in 2005 and has since worked on the 60-acre site transforming it into another high end commercial and residential hotspot.
With a stellar portfolio on their belt including the upmarket Prima Midah Heights Condominium and The Horizon (Phase I & II), UOA Holdings Berhad undertook the Bangsar South project with the same commitment to luxurious suburban living. To reinvent and make another luxurious enclave is what the company has in mind. The fully integrated project will include the following important developments:
- The Village (Show Units and F&B Outlets)
- The Horizon Boutique Office
- The Vertical Office Tower
- The Sphere Shopping Mall
- The Park Residence (Resort Style Condominium)
Rental and Asking Prices Overview
With well planned developments on the way, UOA aims to eventually create an urban metropolis out of the massive acreage Bangsar South lies in. Acacia and Begonia are two high rise condominiums to be found in the area in addition to high rise office suites. The Angkasapuri building is another project together with The Village, a space for dining, entertainment and leisure. The Village will include F&B outlets, a lounge and a string of spots where residents can eat and drink. Another prominent feature for Bangsar South is the retail shopping mall referred as The Sphere that sits at the heart of the enclave. For additional shopping needs, there’s the Mid Valley Mall which is a short drive away from the site.
Seeing that Bangsar District is equated with luxurious living attracting the most affluent foreigners and locals, it is to be expected that Bangsar South’s residential units may be overtly expensive for regular investors. Banking on Bangsar’s solid reputation, condominium units particularly that of The Park Residences cost from RM650,000 to RM1,755,000 depending on build-up size. For rentals, The Park Residences offers a rate range from RM4,500 to RM8,800 per month.
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Targeting Middle to High Market
Despite the affluence and enviable location, Bangsar South has not forgotten to also target the middle market. Affordable residential units are available through group housing projects such as the Vista Angkasa, Sri Angkasa and Kampung Kerinchi. Other condo units that are for rent are also reasonably priced at RM2,000 per month for Centrio Pantai Hillpark in particular.
Statistics also show that Bangsar South is indeed a promising location for real estate development and investments. Since the project was launch back in 2008, high rise condominiums have enjoyed more than 30% of appreciation in terms of prices. Such an increase in the property’s value has encourage a buzzing of activities on site. More developments are built and upcoming projects are planned with the intention to further elevate Bangsar South’s status as the centre of premier and upmarket properties.
Reinventing Suburban Living
As one of the anticipated developments and sought-after address in Malaysia, Bangar South offers a host of facilities to meet daily luxurious living needs. In addition to shopping complexes, a variety of dining joints and retail shops, the area offers state-of-the-art recreational facilities such as the outstanding clubhouse(worth RM100 million) and the 6-acre park. A healthcare centre is also established within the vicinity. More importantly, excellent internet connection is available satisfyingly meeting today’s urban lifestyle and need to always stay connected. In terms of transport connectivity, the site is linked to major highways and roads towards other townships and the Kuala Lumpur centre.
Do you need more information before you make an investment decision? Download our free report here to check out more details about what Bangsar South can offer.