Jalan Maarof is known as the main artery of Bangsar. Being a rather “matured” area, there’s only sporadic new developments along this road. One of the newer condominiums on Jalan Maarof is the Gaya Bangsar, a leasehold serviced apartment which became ready for occupancy during the end of 2010.
Property prices in Bangsar are steadily increasing given the scarcity of land and new development in this area; that’s just simple supply-and-demand economics. A lot of condominiums in Bangsar have also increased their asking prices, mainly because the demand for units has increased for the past three years. To expatriates, Bangsar condominiums are a good alternative to the more obvious choices in KLCC and Mont Kiara.
There are a total of 409 units occupying Gaya Bangsar’s 34 storeys. The bigger units are all serviced with a private lift, as well as a corner bathtub. Potential residents can choose from 6 built-up areas, sized 671, 784, 1,098, 1,192, 1,223, and 1,610 square feet respectively. While these sizes might become a slight disadvantage to a growing family, the young(and the single) would appreciate the apartment’s studio-type unit whose size is 671 square feet.
Modern living is something Gaya Bangsar takes seriously—its design and architecture alone is sleek and definitely hip.
Luxurious facilities and amenities await potential residents. Packed with five-star luxuries such as a barbecue area, a wading pool, an infinity pool, a children’s playground, a gymnasium, a multi purpose hall, a surau, a launderette, a mini market, and a pre-function room. Residents are also able to enjoy pay TV connection, broadband access, and 24-hour security system that is complete with panic button unit installation to alert guards, a access card, and an intercom.
Bringing (More) Urban to Bangsar
The serviced apartment is developed by UDA Holdings, which specialises in urban development. It is one of Malaysia’s premier property developers, and eventually became a listed member of the Kuala Lumpur Stock Exchange in 1999. A government-linked corporation, UDA has announced plans to launch some 19 new properties this year worth nearly RM1.6 billion (news coverage here).
There are a lot of properties under UDA’ belt—most of which, have been successful to date. Its developments reach other parts of Malaysia, and not just in Kuala Lumpur. Sinar Kota, Dayabumi Complex, Pertama Complex, Bangsar Utama, BB Plaza, and UBN are just some of the developer’s property developments. In addition, the developers have built and developed properties in Ipoh (Green Town Mall) and Johor Bahru (Plaza Angsana).
One reason why Gaya Bangsar is an attractive investment for both buyers and renters is the serviced apartment’s strategic location. Bangsar is a melting pot of active and happy people, simply because there are always things to do and interesting places to go. Being in such a location will benefit young singles who would like to experience condominium living alongside its luxuries and benefits.
The Bangsar address enables its residents to be in the centre of the most happening places in Kuala Lumpur—KLCC, Mid Valley Megamall, and Jalan Telawi. Mall fanatics would get a huge fill of shopping malls around the area, as Bangsar Village and Bangsar Shopping Centre are just near the serviced apartment.
Being located near transportation hub KL Sentral would make it very easy for residents to go anywhere. One only needs 15 minutes to go to the city centre. Restaurants, pubs, bars, and clubs are all nearby and within walking distance. Gaya Bangsar is accessible via the Damansara Highway, NPE Highway, and Federal Highway, amongst many other roads that service Jalan Maarof.
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We reckon that Gaya Bangsar should be one of the top contenders for the expatriate who is looking for an upmarket condominium in Bangsar. Its strategic location near the busy junction of Jalan Bangsar and Jalan Maarof is a strong selling point as is its proximity to the Bangsar LRT station (a five minute stroll away). Also, being one of the newer developments in the mature Bangsar holds strong appeal. It’s price point of around RM800 PSF level is not cheap, but could even be seen as a bargain if compared to the likes of One “moo moo” Menerung (peaking at RM1,200 PSF). Even older condominiums like Palmyra is at the RM800 PSF level now, and we tend to like Gaya Bangsar better at the same price range.