Five good condominiums were recently discovered around the Jalan Perak / Pinang / P. Ramlee / Bukit Ceylon area of Kuala Lumpur for investment purposes. It is said that all known information about a piece of real estate in reflected in the price. The price of these five properties have been quietly appreciating over the years. While the actual reasons for this phenomenal appreciation is open to debate, the fact remains that this is a good investment property. In Part 4 of this report, the identity of the fourth gem was revealed. If you missed it, search this website for Lot 163 Residence Fraser Place Investment Condo Jalan Perak. Now in the final part, the fifth gem is unveiled.
38 Bidara Condominium
38 Bidara (otherwise called Bidara Condominium) is a serviced apartment situated near Hotel Istana in Bukit Ceylon. It offers tranquil living with lavish greenery in the heart of the downtown area. The nearest transport center would be the Raja Chulan Monorail Station, a simple 5 minute stroll up from the apartment suite. The Bukit Bintang Monorail Station is a 10 minute stroll down, along Jalan Sultan Ismail, by Lot 10.
Transport is made simple by the nearness of the condominium to the principle streets. From it’s strategic location in Jalan Sultan Ismail, one can access to Jalan Ampang, Jalan Tun Abdul Rahman and Jalan Kuching effortlessly.
Shopping and Other Amenities
For recreation and shopping, occupants can satisfy their shopping fixation by going out for a stroll or short commute to various shopping centers, such as Suria KLCC, The Pavilion, Starhill Gallery, Lot 10, The Weld Shopping Center and Times Square. 38 Bidara is also close to various office structures and towers to be specific Wisma Goldhill, Wisma Genting, Menara Standard Chartered and Central Plaza.
Schools and Colleges
Residents with youngsters can send their children to any of the few schools around, such as SJK (C) Nan Kai and Olympia College Kuala Lumpur.
Occupants have admittance to various amenities like a swimming and wading pool, covered car parks, cafeteria, barbeque area, business centre, minimarket, nursery, salon and a gym. The condo is additionally checked by round the clock security.
Name: 38 Bidara (otherwise called Bidara Condominium)
Address: Jalan Bidara, Off Jalan Sultan Ismail, Kuala Lumpur
Type: Serviced Residence
No. of Blocks: 1
No. of Levels: 18
Size: 756 square feet onwards
The demographics of 38 Bidara is a decent pointer of who ones neighbors will in all probability be. The observing speculator would certain need to know the sort of group they will be living among in 38 Bidara. The age group of the occupants here will serve as a pointer of their likely marital status and the age of their children. As of 2015, the demographics are as per the following:
|41-50 years=>37%||Others=>16%||59 samples analysed|
|51-60 years=>32%||37 samples analysed|
|59 samples analysed|
Is 38 Bidara a Good Condominium for Investment?
In 2004, the median asking price for sale of 38 Bidara was approximately RM450.555 per square feet. As of May 2015 the price is currently in the region of RM906.43 per square feet. This boils down to a respectable 9.19% appreciation per year. As of May 2015, there were very few units being advertised for sale on the World Wide Web. This is understandably so. The property owners are enjoying good capital gains, so why sell?
In terms of rental appreciation, 38 Bidara has depreciated over the years. In 2004, the median asking price for rent of 38 Bidara was approximately RM4.22 per square feet. As of May 2015, the price has declined to approximately RM3.23 per square feet. There are many units being advertised on the World Wide Web as of May 2015 for rent. This is a probable indicator of excess supply and low demand.
This makes 38 Bidara a good condo to purchase for capital appreciation or owner occupation purposes.
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Happy investing 🙂