Bukit OUG Condominium

Bukit OUG Condominium, located in Bukit Jalil, Kuala Lumpur, is an older residential high-rise that offers affordable living options in a central location.

Despite its age and some issues with management and security, it remains a popular choice for those looking for budget-friendly housing in the Klang Valley.

Sub-Sale Market Analysis

1. Transaction Price Analysis

• Sub Sale Price Range: The sub sale prices for Bukit OUG Condominium range from RM200,000 to RM600,000, with a price per square foot (psf) of RM209 to RM10,909[1].
• Comparison with Neighboring Properties:
  • Residensi Jalilmas: Completed in December 2020, with prices ranging from RM240,000 to RM300,000 (RM297 psf to RM375 psf)[1].
  • OUG Parklane: Completed in 2015, with prices ranging from RM264,000 to RM490,000 (RM277 psf to RM515 psf)[1].
  • Kiara Residence 2: Completed in October 2014, with prices ranging from RM500,000 to RM800,000 (RM308 psf to RM584 psf)[1].

2. Rental Price Analysis

• Rental Price Range: The rental prices for Bukit OUG Condominium range from RM800 to RM2,600[1].
• Specific Listings:
  • Studio Units: RM1,050 for a 775 sq ft studio unit[2].
  • 3 Bedroom Units: RM1,350 to RM1,600 for 1,222 sq ft units[2].
• Average Rental Price: The average rental price in Bukit Jalil is RM1,403, with properties in Bukit OUG Condominium ranging from RM1,050 to RM1,800[2].

3. Market Insights

• Historical Price Trends: The prices for Bukit OUG Condominium have escalated over the years, but it remains one of the cheapest per square foot condos in the Klang Valley[3][4].
• Investment Potential: Despite some issues with management and security, the condominium has underlying potential for appreciation due to its central location and affordability[3].
• Challenges: The condominium has faced challenges such as frequent changes in management bodies, security issues, and additional fees for maintenance, which have led to frustration among residents[1][3].

Sources:

• [1] www.propsocial.my
• [2] www.propsocial.my
• [3] forum.lowyat.net
• [4] forum.lowyat.net
• [5] condolaunch.sg