Completed in 1985, Menara Bangsar is probably one of the oldest residences in the Bangsar area. At 24 storeys, it stands tall on Jalan Maarof, on some six acres of freehold land. Depending on your priorities in life, its location can either be an advantage or disadvantage. Other residential condominiums in the vicinity of Menara are Bangsar Puteri, Bangsar Villa, Jamnah View and One Menerung.
The venerable Bangsar Shopping Centre (BSC) is within walking distance from Menara Bangsar. Incidentally, they were both developed by the same property developer, Bandar Raya Developments Berhad (or better known as BRDB). Some of BRDB’s other developments are The Troika (in the KLCC enclave) and Verdana in North Kiara. Other BRDB residential developments in Bangsar itself include Serai and Inara.
We have checked with local online property portals and found that there are few listings for Menara Bangsar. Further, the majority of the listings are for rentals. From the few units for sale, the average asking price is RM830 psf. Rental rates are from RM1.60 to RM3.15 psf. Subsale prices for Sri Penaga, a neighbor, sells from RM640 to RM1,060 psf and rentals are from RM2.60 to RM3.40. There is not much difference in the prices, but it must be noted that Menara Bangsar is 11 years older than Sri Penaga.
For a guide on determining how much a unit at Menara Bangsar is worth, be sure to use this free “do it yourself” property valuation guide – click here to download.
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Living in Menara Bangsar
Units at Menara Bangsar have built-up sizes from 1,650 to 1,850 sqf and have 3+1 bedrooms. These units are housed in two blocks with 24 levels on each block.
Despite its age, Menara Bangsar seems to be relatively well-maintained. Its exterior was recently applied with fresh paint, which gave it an instant facelift. Prior to the paint job, the building looked tired. It also offers decent facilities for its residents to enjoy. Besides the standard barbecue pit, swimming pool and tennis court, residents are also afforded a covered parking area, a mini-market, a sauna and jogging tracks. Security is also provided 24 hours a day. Pretty bog standard stuff.
Menara Bangsar’s location on Jalan Maarof may be taken either as an advantage or disadvantage. Jalan Maarof is one of the busiest roads in Kuala Lumpur and therefore, noise and air pollution are rampant. However, perhaps more are considering it an advantage, being able to walk to Bangsar Shopping Centre and to public transportation terminals, which could be the reason why there are very few listings.
If you are particular with the age of properties, then you’d better be looking elsewhere. However, many Bangsar properties are showing rather “severe” aging symptoms (looking rather tired and ill-maintained) simply because new launches are few due to the lack of land that gets “unlocked” for development.
Some buyers automatically exclude Menara Bangsar because they prefer the condominiums located in elevated areas of Bangsar (Bukit Bandaraya) for more privacy and nice views. This could mean that demand for Menara Bangsar could be relatively lower, and this gets reflected in the asking price. Rental yields may be relatively lower as well however; its biggest selling point of being close to Bangsar Shopping Centre may well not cut it after all.
There are some bargains to be had especially if you can secure a unit at Menara Bangsar at prices lower than its “fair value”. Find out how to come up with this figure using our guide which you can download below (it will be emailed to you once you entered your details).