Establishment Bangsar, also known as Menara Teguh Bangsar, is a luxurious freehold serviced residence project located in Brickfields, Kuala Lumpur.

Developed by Keystone Land Developments Sdn Bhd, this 41-storey high-rise development was completed in 2018 and offers 646 residential units across 1.15 acres of freehold land.

Subsale Market Analysis

1. Transaction Price:

Market Price Range: The market price for units in Establishment Bangsar can range from RM 550,000 to RM 700,000, depending on the unit size and location[1][4].
Lelong Price: A recent auction listing for a 2-bedroom unit with a land area of 840 sqft was priced at RM 612,000, which is below the market price of RM 700,000[4].
Median Price: The median price for residential transactions in Kuala Lumpur is around RM 560,000, indicating that Establishment Bangsar is positioned within the higher end of the market[1].

2. Rental Price:

Rental Listings: Rental prices for units in Establishment Bangsar can range from RM 2,400 to RM 2,600 per month for fully furnished 1-bedroom units with built-up areas of 468 sqft to 550 sqft[2][5].
Rental Yield: Based on the rental prices and market prices, the rental yield for Establishment Bangsar can be estimated to be around 4-5% per annum, which is relatively competitive in the Kuala Lumpur residential market.

3. Market Analysis:

Location: Establishment Bangsar benefits from its strategic location in Brickfields, offering easy access to major thoroughfares, public transportation hubs like KL Sentral, and various amenities such as shopping malls, educational institutions, and healthcare facilities[1].
Investment Potential: The development presents a promising investment opportunity due to its freehold tenure, modern living amenities, and potential for capital appreciation in Kuala Lumpur’s dynamic residential market[1].
Market Trends: The Kuala Lumpur residential market has shown resilience, with a steady demand for high-end serviced residences like Establishment Bangsar, driven by professionals and discerning individuals seeking refined urban living[1].