Named after a famous region in Italy, Tuscany in Bangsar is a four-storey exclusive condominium on Jalan Ara, further down the road from The Nomad Residences. Further up Jalan Ara is The Loft, The Ara and Sri Wangsaria. It is also located some 850 meters from the famous shopping hub, Bangsar Village. Aside from that, a lot of other amenities are close by, as Bangsar itself is just a few kilometers away from the city centre and is well connected via major roads.
Living up to its name, Tuscany boasts of classical Roman architecture. The single block of this property is painted in white, designed with colonnades, arches and columns. Pretty classy!
There are only 21 units in Tuscany on one acre of land, making it a very low-density apartment. Typical units have built-up sizes of 992 sqf, 1,053 sqf and 2,088 sqf, while penthouse units have built-up size of 2,500 sqf. The standard units have 2+1 bedrooms and 2 bathrooms, while penthouse units have 4+2 bedrooms and 4 bathrooms. As for facilities, residents are provided a barbecue area, covered carpark, indoor swimming pool and round-the-clock security. Standard stuff you’d expect from a Bangsar condominium.
Based on current listings for Tuscany (correct the the time of publication of this review), the average asking price is seems to be pegged at RM550 per square feet. If we compare asking prices with its neighbor Sri Wangsaria, Tuscany’s asking price is relatively lower. Sri Wangsaria’s listings at around RM800 PSF. Landed properties in the nearby Lucky Garden prices range from RM560 to RM1,150 PSF.
The asking prices for the Tuscany seem to be quite erratic recently, and this could be driven by the recent uptick in Bangsar property prices. For a more accurate assessment of what the “fair market value” is for a unit here at Tuscany Bangsar, use this handy little guide which we have prepared with our partners at GoodPlace.my – download the “How To Value A Property” guide here.
Rental rates range from RM2.65 to RM3.20 psf. However, rental rates for both Sri Wangsaria and Lucky Garden are lower at RM1.70 to RM3.15 and RM1.30 to RM2.30 psf, respectively.
On a purely pricing level, there could be a good opportunity as the prices are still somewhat lower than its neighbours despite occupying a rather strategic location which is close to the commercial areas (accessible by foot). Besides its great location and moderate asking price, another selling point for Tuscany is its exclusivity. Both Sri Wangsaria and Lucky Garden are denser properties.
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Additionally, the Tuscany is perched on elevated ground, giving its residents a great view of mountains and the city.
On the downside, its “romantic Roman” architecture may seem novel when it’s brand new, but it’s the type of design which doesn’t age well (case in point: the Corinthian in KLCC). The look and feel of this condominium may have “accelerated” the aging effect which is rather unfortunate. Additionally, the alleged lack of facilities could be a turnoff for some prospective investors. And although the property sits on an acre of land, only a small portion of the land was used as common grounds. That little portion could only accommodate some plants and trees, but do not really give much space for residents to walk leisurely. There are also resources that tell us Tuscany is rather run down.
All in all, the Tuscany seems to have found a niche in some tenants who preferred its privacy, design and low density factor over other condominiums in Bangsar. There’s still deals to be had – but the prospective buyer would need to be careful NOT to overpay for a unit here as there are abundant of choices around this part of Bangsar. Find out how to determine Tuscany’s “true market value” by entering your details below (so that we can email you a digital copy of the valuation guide – it’s free) –