The posh area of Bangsar close to Kuala Lumpur city is dotted with many residential developments, so if you’re looking for potential investments, here are some of the top properties in the area with the fastest increasing price trend. Data comes from the government’s Valuation and Property Services Department (JPPH). This list excludes projects with zero or limited transaction data.
I. Bangsar Puteri
Median Sales Price: RM1,170,000
Capital Growth: 12.53 percent
This freehold condominium on Jalan Medang Serai recorded the highest capital appreciation in this list. Another selling point is that it has the fewest number of dwellings at 200 units, compared to the other developments in the article. It is however also the second most expensive project, and among the two oldest developments in this article as it was completed in 1987. In fact, it’s among the oldest upscale high-rise residences in Bangsar.
Nevertheless, it’s a well-maintained condo as you can glean from the crystal clear waters of the swimming pool and well-manicured lawns. Residents also love the project’s tropical resort ambience and verdant surroundings. Another perk of living at Bangsar Puteri is the breathtaking views over the mountains and the illuminated cityscape from the project’s topmost level.
Another factor contributing to the stellar capital gain is the project’s attractive location. It’s a leisurely stroll to Bangsar Shopping Centre, where there is a myriad of eateries, shops with daily essentials, and entertainment venues. The development is also near Telawi Street, which is lined with restaurants, drinking places and other kinds of shops.
If larger malls are your cup of tea, you can quickly travel to Bangsar Village, Mid Valley Megamall, 1 Utama Shopping Centre and 3 Damansara (formerly called Tropicana City). Apart from being a short drive to the Bank Rakyat-Bangsar LRT Station (3.5km), the development is also accessible via several major roads, like the Federal Highway, Penchala Tunnel, and New Pantai Expressway (NPE).
Constructed by Bandar Raya Development, this residential project features a decent amount of facilities, including a gym, BBQ area, children’s playground, tennis court and covered parking.
II. Bangsar Indah
Median Sales Price: RM850,000
Capital Growth: 10.3 percent
This condominium along Lorong Maarof in Taman Bangsar witnessed the second-highest price growth. But unlike our number one project, this one is leasehold.
Another concern is that there’s no available info on its total number of units. Nonetheless, it’s not a high-rise residence as the project consists of 5 residential blocks with a height of 4 storeys. In terms of pricing, it’s in the middle of the five projects in this listicle.
Aside from that, commuting to KL city is not a hassle as it’s just a quick drive to the heart of the capital due to its excellent connectivity to busy thoroughfares. While it’s much nearer to the Bank Rakyat-Bangsar LRT Station (2.3km), residents of the project can easily hop on a ride at the Putra KTM station, Mid Valley KTM station and Bank Negara KTM station.
Bangsar Indah is also within close proximity to shops and convenience stores. Among them are Jalan Maarof’s BHPetromart, a 7-Eleven store and 99 Speedmart. Moreover, just like Bangsar Puteri, this residential development has an acceptable number of facilities, such as wading and swimming pools, along with BBQ pits, squash court and covered parking space courtesy of its builder, BRDB Developments.
However, the exterior of the project could turn off some buyers as it looks like an average walk-up apartment. That aside, the condominium is nestled within a serene green oasis that provides much relaxation to people seeking relief from the hustle and bustle of a chaotic metropolis, but still wants to be close to where the action is.
III. Sri Penaga
Median Sales Price: RM1,400,000
Capital Growth: 8.42 percent
Image source: sripenaga.com
Our number three on the list is another highly-rated condominium in Bangsar. But, this freehold residential project in Jalan Medang Serai is the most expensive.
In addition, this development built in 1996 is the second tallest in our listicle as it comprises three blocks with a height of 24 storeys. It also has the second-highest number of units totalling 304.
On the good side, this project has a plethora of facilities surpassing both Bangsar Puteri and Bangsar Indah. For fitness and health enthusiasts, there is a gym, a clubhouse, a sauna, courts for tennis and squash, plus swimming and wading pools. For your convenience, the project is equipped with a mini-market, children’s playground, a cafeteria and a launderette.
Another desirable thing is that Sri Penaga is built on a hill, providing a spectacular vantage point, especially from the condo’s highest level. The hill is also a popular place to jog, have a picnic or just unwind from busy workdays.
Furthermore, this condominium by BRDB developments is super close to Bangsar Shopping Centre. Besides being near the bustling road of Jalan Maarof, residents can easily travel to frequently-used roads, such as the Federal Highway, the Penchala Tunnel, New Pantai Expressway and SPRINT Expressway. For those who typically rely on the train to commute, getting to the various Komuter stations in the area is a breeze.
IV. Gaya Bangsar Condominium
Median Sales Price: RM750,000
Capital Growth: 6.26 percent
Located on Jalan Bangsar Utama 1, this leasehold residential project is our 4th project in terms of price gains. It’s also the tallest in our list as the building measures 34 storeys. However, it’s comparatively dense as the site is solely occupied by a single tower with a total of 285 units.
Gaya Bangsar is also the second most affordable in our list. But it’s still beyond the means of low-income families and many middle-income households.
On the plus side, this development has over 20 facilities, making it the development with the most facilities on the list. One can take a dip in the infinity pool or wading pool. There’s a gym for fitness buffs, and a kindergarten and a playground for your kids. For easy living, the developer UDA Holdings installed a laundromat, a small market, a pre-function room and a multi-purpose hall. For residents’ safety, the company also added round-the-clock security with card access system, intercom and panic buttons linked to the guardhouse.
Aside from that, the development is strategically located close to Bangsar’s Jalan Maarof, offering residents easy access to Damansara-Puchong Expressway (LDP), the Federal Highway and New Pantai Expressway (NPE).
V. Tivoli Villas
Median Sales Price: RM680,000
Capital Growth: 3.78 percent
Tivoli Villas is another highly-rated condominium in the area. Although its annual capital growth looks underwhelming versus the other aforementioned projects, this is the most affordable development on the list. Apart from its beautiful gardens, the development also sports an eye-catching classical Roman architecture as you can discern from its majestic ivory facade, with colonnades and sculptures.
However, the freehold project has the highest number of units totalling 382, but are spread across 5- to 9-storey blocks instead of being just housed in one building. Also constructed by BRDB Developments, the project features about 10 facilities, including pools, jacuzzi, a gym, a squash court, a snooker room and a small market.
Located along Jalan Medang Tanduk, residents can easily drive to the capital, Mont Kiara, Sri Hartamas, Petaling Jaya and other important places in Klang Valley as it’s also accessible via major roads that were mentioned for the other projects.
Apart from being located close to many amenities found in a mature location, the Tivoli Villas is just minutes’ away from the Lake Gardens, Bangsar Sports Complex, Sime Darby Convention Centre and KL’s Tournament Players Club (TPC).
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(Written by G. Zizan, 4th June 2020)
