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• Today, we look at price growth and indicative asking rental yields for non-landed homes in Bangsar. From analysis of transactions by TheEdgeProperty.com, the average transacted price for these properties in the secondary market was sustained at RM765 per square foot (psf) in 1Q2015, up a mere 0.1% y-o-y.
• Overall, capital values in Bangsar have remained stable. The top performers were the older mid-end properties. The highest relative price growth can be found at Jamnah View, with the average price up 23% to reach RM898 psf in the 12 months to 1Q2015. The 1-bedroom units here have begun to surpass the RM1,000 psf threshold.
• Contessa (19%) and Tivoli Villas (16.5%) built in the 1990s by Bandar Raya Developments Bhd have remained popular due to their good maintenance and timeless designs.
• Rental rates as observed in June 2015 from asking rentals range from about RM2.50 psf to RM3.00 psf for the older properties, while the newer ones can command rents up to RM4.00 psf.
• Indicative annual rental yields are decent ranging from 3.8% to 6.5% per annum. The highest yields can be found at the older properties within Bangsar Hills.
• The upcoming Pusat Bandar Damansara MRT Station will be located at the end of Jalan Maarof. Condominiums located within walking distance are likely to benefit most such as Bangsar Puteri, Menara Bangsar and Sri Penaga.
Check out the price trends at Tivoli Villas here.
The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.
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