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38 Bidara, Bukit CeylonBelow Average Market Price!
Property Details
Name: 38 Bidara
Address: No 40, Jalan Bedara, Kuala Lumpur
Property Type : Serviced Residence
Tenure : Freehold
Developer : Goldhill Group of Companies
Title Code : Individual
Land Title : Residential
No. Of Blocks : 1
No. Of Storeys : 18
Built-up : From 756 sq ft
Transportation
Only a few minutes’ walk from the Raja Chulan Monorail Station. Turning into JLN Sultan Ismail, one can easily access major roads such as JLN Ampang, JLN Tun Abdul Rahman and JLN Kuching.
Analysis
38 Bidara a hidden gem in golden triangle, seller is letting go this property @ under $1000/ft2 for this 782ft2 2-full-size-bedroom unit along with a balcony that facing JLN Sultan Ismail/ Pavillion Shopping Mall direction. Asking price is $728,888 negotiable.
It’s a great for investor. Most KL property of its kind starts with a price tag of >$1500/ft2 which suggest “38 Bidara” has great potential due to its “low entry price” for both capital gain & rental return.
This unit has steadily appreciated at close to 10% rate since purchased in 2005, together with well over 4%+ in rental yield non-stop since then. The property has high occupancy rate (above 95%) which explain the logic for both capital gain (appreciation) and short term income (rental). Majority of units are rented out and only handful of units are occupying by owners. Well-maintained unit like this is hard to come by, hence it has been rented non-stop.
For a serviced condominium of >10 years old, it has well maintained. Building facade has re-painted based on modern design, common facilities and lobby has refurbished. As an added note, individual strata title has granted in recent years as well.
Some negative comments made being car park is not part of the property purchase. Market price for a car park start from $60k in this zone, FYI. You could rent a car park in basement for $150/month however, with such rate, $60k can go for >30 years ...
It depends how you see.
https://dwxbwps5boihg.cloudfront.net/classifiedad/pictures/7203305/E4D36C6E-7EF9-4EB0-8465-7B23D6B6D723_AKzT2KwE2T3DVr2FfT8G.jpeg?v=1517367976+60122842786
No 40, Jalan Bedara Bukit Ceylon,
650000
PSA from Poppy
Any payments to be made upon concluding a sale/tenancy should be made to the Agency and not to an individual.
Please be aware that agents should not be asking for upfront payments to view a property. If in doubt, please contact the Agency.