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Bangsar Trade Centre is a re-development of the highly visible Plaza Pantai, located adjacent to Klang Valley’s busiest road, the Federal Highway, and surrounded by the Pantai Balai Polis, SJK (T) Jalan Bangsar, Pullman Hotel and Menara TM.
Originally abandoned in 2004 by the Atlas Corporation, the project has since been picked up by new development group, Twin Pavilion Development Sdn Bhd, with plans to transform the property into a iconic landmark.
The property shall be turned into a mix-development consisting of residential business suites, a retail mall with boutique lots, a corporate tower with high grade offices and a state-of-the-art exhibition and convention center.
The property is also one of the few developments which has an LRT Station (The Kerinchi Link Station) within the complex, making it very convenient for transiting. There is also a direct link walkway from Bangsar Trade Centre to Bangsar South across the Federal Highway.
The project launched its residential business suites for sale in July of 2013 with the option to lease it back to their hotel management team, which shall work in tandem with Best Western International Hotel Group to give their customers a guaranteed rental yield of 6.5% annually.
Despite garnering extremely positive response for the project, the development group, Twin Pavilion Development Sdn Bhd, has since faced many obstacles in its construction, resulting in numerous delays to the project’s completion and leading to a public fear that the project will once again be abandoned.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
Bangsar Trade Centre | 2017 |
RM460,000
-
RM1,390,000
RM 918 psf - RM 1,544 psf |
RM2,000 - RM7,350 | NIL | 6.06 % |
Pantai Peak | 2018 | NIL | NIL | NIL | NIL |
Vogue Suites One @ KL Eco City | 2017 |
RM792,000
-
RM5,999,000
RM 817 psf - RM 1,800 psf |
RM2,300 - RM2,300 | NIL | 2.0 % |
KL Eco City | 2017 |
RM1,454,700
-
RM2,500,000
RM 1,300 psf - RM 1,429 psf |
RM2,700 - RM2,700 | NIL | 1.67 % |
The Vertical | 2015 | RM734,265 - RM28,681,400 | From RM3,675 | NIL | NIL |
Camellia | Feb 2014 |
RM490,000
-
RM1,250,000
RM 569 psf - RM 1,018 psf |
RM1,500 - RM1,500 | NIL | 4.05 % |
Vertical Suites | 2013 |
RM368,000
-
RM368,000
RM 566 psf - RM 566 psf |
RM4,500 - RM4,500 | NIL | 14.67 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | - | - | - |
500 - 1,000 SQ. FT | RM 702 psf | - | - |
1,000 - 1,500 SQ. FT | RM 891 psf | - | - |
1,500 - 2,500 SQ. FT | RM 727 psf | - | RM 1,081 psf |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | RM 1,566,667 psf | - |
Note:
Down Payment (10%) | RM 28,000 |
Loan Amount ( 90 %) | RM 252,000 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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