Nestled atop Bukit Bandaraya at a dead-end (ha!) on Jalan Medang Kapas (on top of Bukit Bandaraya) is another condominium – Sri Kasturina. Like many Bangsar condominiums, it’s as old as Aunt Jemima, but also like many old Bangsar condominiums, it’s located rather strategically, too – being next-door neighbours to other luxury residential condominium properties, namely: Araville, Ken Bangsar, Desa Bangsar Ria and D’9 Bangsar.
Sri Kasturina is a freehold low-density property. It only has 56 units spread on eight (8) storeys. It is also located at a dead end, which gives it more privacy. These reasons, besides the fact that it is located on top of a hill, make it a popular home choice among expatriates and locals alike.
Current listings (at the time of the publication of this review) indicate that the average asking price for units at this property is at the RM650 PSF level. It was previously pegged at RM330 and RM530 in 2007 and 2011, respectively, and its continued rise in asking price is testament to its popularity. Indeed, despite its age, Sri Kasturina is one of the well-maintained older apartments in the Bangsar enclave. It will inevitably get compared to Ken Bangsar which is next to it, but the latter is newer and in a much pristine condition (and this is reflected in its >RM1,000 PSF price point). Bayu Angkasa might be a more apt comparison at around RM600 PSF which is cheaper than Sri Kasturina – which is understandable if you consider the low density factor of the latter.
For a more thorough treatment on property pricing, download GoodPlace.my’s “How Much Is A Property Worth” digital guide here (it’s free).
There are three kinds of units at Sri Kasturina: standard, duplex and penthouse. Standard units are sized 1,300 sqf, while duplex units have a built-up size of 2,600 sqf. Penthouses are sized 4,800 sqf. Residents are afforded basic but recently upgraded facilities such as swimming pool, sauna, play area, tennis court and covered carpark. Security has also been improved (anecdotal feedback, of course).
[customx name=”Sri Kasturina” rating=”3.5″ best=”5″ worst=”1″ pricerange=”$$$” count=”3569″][/customx]
What We Think
We like Sri Kasturina for these reasons:-
- High privacy factor. We’ll beat this donkey to death, but being located at a dead end means extra privacy. Also, being on top of Bukit Bandaraya, some units here have the best views of the Kuala Lumpur skyline, period.
- Location, location, location. There’s probably no more land to be developed on Bukit Bandaraya, which means that the ongoing demand will hike up the prices in the long run. Sri Kasturina’s exclusive location is also a plus factor. Living and working in a bustling city sometimes takes its toll on people, and so a home with some peace and quiet is very appealing.
- Low-density factor. Another major selling point for Sri Kasturina, especially with the advent of high-density residential properties. More and more home buyers are opting for less populated areas, especially those who are raising families.
On the downside, the age factor is a negative – the prices will be somewhat depressed due to its wear and tear (although there were renovations done in the facilities and common areas. There will always be limited upside to renovations, and soon enough the aging will accelerate. Sri Kasturina will be seen as the “budget” Bukit Bandaraya condominium with prices below the mighty D9 or Ken Bangsar which are newer apartments. To derive the “fair market value” of a unit here at Sri Kasturina, use this guide here –