Set to rise on a lush six acre land in Bangsar (possibly the last tract of premium land on Bukit Bandaraya) is Bandar Raya Development Berhad (BRDB)’s latest luxurious development, the Serai Bukit Bandaraya. The development is slated to be completed during the third quarter of 2016.
What PropertyReviews.my Agents Have Gathered…
Bandar Raya Development has been mum about its luxurious development, however, we’ve been able to get a quick rundown on how Serai will fare against other luxurious condominiums. It will occupy the last available space on Bukit Bandaraya in Bangsar – specifically on Jalan Medang Serai.Its neighbours are Bangsar Villa and Tivoli Villas. The venerable Bangsar Shopping Centre is less than 1km away. Another top BDRB development, One Menerung, is also located within driving distance away from the Serai.
As we all know, development land is scarce in premium Bangsar, and we would expect the prices to jump soon enough. 🙂
The posh condominium will have two towers, both of which will comprise of 21 storeys. There will be 121 private residences up for grabs, and recent reports have stated that almost 54% of these units have already been sold ever since BRDB launched the project at the tail end of 2012.
As for these elegant private residences, built-up areas will range from 4,025 square feet to 6,913 square feet. These units will be furnished with designer kitchens, as well as bathrooms. The Serai will also have two penthouses with built-up areas of 14,000 square feet. Don’t expect these to be peasant-friendly cheap…
Luxurious condominiums also come with luxurious amenities and facilities. Serai Bukit Bandaraya is set to have a recreational podium that will house most of its facilities, such as a well-equipped gym. This podium will be located in an overhanging pavilion with excellent views of the condominium’s lush greenery and landscaping. Generous windows that allow natural light will be installed, as well as large balconies for its private residences. Depending on the units, residents will be able to avail of up to five parking bays. Each unit also comes with a private lift, ensuring privacy and convenience for its residents.
The Bangsar Buzz
We all know how Bangsar has been racking up expats and locals to its comfortable and relaxed environment. This is the perfect setting for the Serai Bukit Bandaraya. Being at the centre of it all would be a huge advantage for its residents. Locationwise, Bangsar is the centre of Kuala Lumpur’s renowned destinations, such as Mont Kiara, Damansara Heights, Petaling Jaya, and KLCC. Bangsar offers activities from left to right. From shopping malls, convenience stores, banks, hospitals, to a busy nightlife and hip restaurants and pubs, Serai Bukit Bandaraya’s residents will always have places to go and things to do to keep them occupied.
Seeing Green: Ringgit Talks
During its launch late last year, units were sold at an estimated RM1,300 to RM1,600 square feet or about RM5.8 million. Its two penthouses were priced at a staggering RM22 million, estimated. However, there is still no word if these penthouses were already sold.
Most of Serai Bukit Bandaraya’s buyers when it was launched were mostly Malaysian families, with less than 5% of the total amount of buyers being expats or foreigners. However, BDRB is expecting for an influx of Singaporean investors to come in around this time of the year.
BDRB is confident that Serai will match the high capital appreciation of One Menerung—Serai Bukit Bandaraya’s neighbouring condominium. One Menerung’s launch sale prices were listed at about RM600 per square feet, and currently, sales prices for its units are hitting an estimated RM1,200 to RM1,500 per square feet. That’s pretty awesome capital appreciation by anyone’s standards.
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Since Serai Bukit Bandaraya is located in Bangsar, we can only expect that the demand for its luxurious condominiums will only rise, especially when its completion date becomes near. As of the moment, Bangsar is already a well-developed area, complete with all the modern convenience and luxury every resident wants. The fact that this may be one of the few launches in the recent years also means that the capital appreciation may be rapid.
In addition, the credible reputation of BRDB will greatly affect the confidence of investors and residents towards the development (we are especially impressed with Troika in KLCC). With these in mind, plus the condominium’s facilities and Bangsar’s excellent location, it’s no surprise how the Serai Bukit Bandaraya will become one of Bangsar’s brightest in the future.
The price point at RM1,300+ PSF may seem to be reasonable, but this remains out of reach for many (or a majority of) buyers. To check if this is a fair price to pay for a unit here at Serai, use the “How To Value A Property” guide below which you can download for free after you enter your details below. It’s free. 🙂