38 Bidara is a freehold serviced apartment completed in 2002, It consists of one 18-storey block with 237-241 total units.

Location is considered strategic, within Kuala Lumpur’s Golden Triangle area.

The property offers affordable entry into the KLCC/Bukit Bintang area compared to newer developments, facilities include pool, gym, BBQ area, mini-mart, nursery.

Property values have declined over the past year, likely due to overall market conditions, despite price drops, rental yields remain relatively attractive at nearly 6%.

Sub-sale Market Analysis

1. Transaction Prices

Price Range: Recent transactions have shown a range of prices from approximately RM420,000 to RM630,000. This variation largely depends on the size, floor level, and condition of the units being sold.
Average Price Per Square Foot: The average transacted price per square foot is around RM580. This figure indicates a healthy interest from buyers and can serve as a benchmark for prospective sellers.
Unit Sizes: The units in this development typically range from 689 sq ft to 1,200 sq ft. For instance, a well-maintained two-bedroom unit of about 800 sq ft might command a price around RM480,000 to RM560,000.
Market Trends: Over the past year, there has been a slight fluctuation in prices, with some reports indicating a mild decrease of 5-10% in average transaction prices. This trend could be attributed to overall market conditions and economic factors impacting buyer sentiment.

2. Rental Prices

Rental Range: Monthly rental prices typically range from RM1,800 to RM2,800 depending on the unit size and amenities offered.
Price Per Square Foot: On average, rental rates hover around RM2.50 to RM3.50 per square foot. This means a 800 sq ft unit may rent for approximately RM2,000 to RM2,800.
Types of Units Available: The available rental units often include one-bedroom and two-bedroom configurations, catering to both singles and small families. For example, a two-bedroom unit may be listed at RM2,400 while a three-bedroom unit could reach up to RM2,800.
Rental Yield: The rental yield for investors in this area ranges from 5% to 6%, indicating a robust rental market that continues to attract tenants seeking comfortable living options close to urban amenities.

3. Market Analysis

Demand and Supply: The demand for rental properties in 38 Bidara remains strong due to its strategic location near shopping centers, schools, and public transportation. This consistent demand helps maintain stable rental prices.
Investment Potential: Given the relatively high rental yields and the moderate entry price point for buyers, 38 Bidara represents an attractive investment opportunity for both local and foreign investors.
Community Amenities: The presence of amenities such as swimming pools, gyms, and security features enhances the desirability of living in 38 Bidara, making it appealing for renters who value lifestyle offerings.
Economic Factors: As with many residential markets, external economic factors such as interest rates and employment rates can influence both transaction and rental prices in the long term.