PETALING JAYA: Bangsar South continues to be a hotspot for value-added property investments and a thriving neighbourhood that offers new lifestyle experiences to the community.

       The business and residential hub developed by the UOA Group stands out among many property developments in Kuala Lumpur for its central location, Internet and transport connectivity, as well as lifestyle conveniences.

       The neighbourhood also offers investors the opportunity to own an attractive yield investment asset that is well-positioned to benefit from the anticipated economic recovery after the Covid-19 pandemic.

       Bangsar South has an estimated gross development value of over RM10bil and is expected to have a population of 35,000 upon completion.

       Spanning over 60 acres, real estate agents said that Bangsar South is a fully-integrated urban formation that has been a keen focus of property seekers in recent years.

       Gather Properties senior team leader Jordan Chen said that Bangsar South’s success is attributable to multiple factors that complement its distinctive mix of modern Grade A office towers, high-rise residences, and lifestyle amenities such as retail and food and beverage offerings, hotels, convention and event centre.

       “Bangsar South is seen as a top KL location for investors, home buyers and tenants. Strategically located between Kuala Lumpur and Petaling Jaya, the potential for growth is tremendous with its well-planned infrastructure, easy accessibility and convenience of amenities,” said Chen.

       Bangsar South enjoys a high degree of connectivity with two LRT stations and five major highways.

       To be specific, the Universiti Station and Kerinchi Station are within walking distance, and the neighbourhood is also easily accessible via the Federal Highway, NPE Highway, Sprint Highway and LDP Expressway as well as the upcoming Setiawangsa-Pantai Expressway.

       “As a transit-oriented development with multiple public transportation options, it is no doubt the hotspot for value-added property investment. In addition, designated office buildings are awarded the MSC Malaysia Cybercentre status which is becoming increasingly popular for businesses. This leads to higher demand by locals and foreigners looking for offices, retail units and housing options,” added Chen.

       Meanwhile, Epoch Estate Agency group leader Alex Toh said the investment prospects in Bangsar South are high and favourable returns are expected to be yielded.

       Residential projects such as South Link Lifestyle Apartments have seen positive reception from the market as investors buy into the growth potential of Bangsar South.

       “The current market rental rate for South Link Lifestyle Apartments is RM3.50 per square feet (psf) while the selling price in Bangsar South is from RM900 psf for residential units, and RM1,200 psf for commercial units.

       “The capital appreciation is about 5% per annum,” said Toh.

       He also added that convenience and safety are important factors that make Bangsar South the residence of choice for locals and expatriates.

       Residents of Bangsar South enjoy proximity to workplaces in The Horizon and The Vertical, food and beverage and retail offerings from Nexus and The Sphere, and easy access to lush greenery at The Central Park.

       “The MSC status for designated office buildings in the area also attracted many information technology companies with tenants from Australia, China, Germany and India,” said Toh.