OUG Parklane Old Klang Road

OUG Parklane is a modern residential development located along Old Klang Road in Kuala Lumpur, Malaysia.

This vibrant condominium complex is designed for those seeking a blend of urban convenience and community living. With its well-appointed units, extensive amenities, and strategic location, OUG Parklane stands out as a desirable choice for both homebuyers and investors alike.

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Key Features:

• Diverse Residential Offerings: OUG Parklane features a variety of residential units, including spacious condominiums and serviced apartments, catering to different lifestyles and preferences.
• Exceptional Amenities: Residents have access to a wide range of facilities, including a gymnasium, swimming pool, children’s playground, landscaped gardens, and multipurpose halls for community events.
• Strategic Location: Ideally situated along Old Klang Road, the development offers easy accessibility to major highways and public transportation options, ensuring seamless connectivity to Kuala Lumpur and beyond.
• Vibrant Community: OUG Parklane fosters a sense of community with thoughtfully designed common areas that encourage social interactions among residents.
• Proximity to Retail and Dining: The area surrounding OUG Parklane is rich in retail and dining options, from local eateries to shopping malls, providing residents with a dynamic lifestyle experience.
• Investment Potential: With a strong track record of capital appreciation and high rental demand, OUG Parklane presents an attractive investment opportunity for those looking to enter the real estate market.

OUG Parklane is an ideal choice for individuals and families seeking a modern living environment with all the conveniences of city life. Whether you’re looking for a new home or a lucrative investment, this development offers a compelling option in the heart of Kuala Lumpur.

Sub Sale Market Analysis

1. Transaction Prices:
   • Historical Transactions: The transaction prices for OUG Parklane have ranged from RM 377 psf to RM 526 psf, with an average price of RM 453 psf[3].
   • Recent Sales: Specific transactions include units sold at RM 417,000 for 950 sq. ft. in January 2018, and at RM 380,000 for the same size in December 2017[1].
   • Price Range: The current price range for sale is around RM 850,000, with a price per square foot of RM 708.33[5].
2. Rental Trends:
   • Rental Range: The rental price range for OUG Parklane is around RM 1,450 per month, though recent data is not readily available[2].
   • Rental Yield: The implied rental yield is approximately 4.44%, indicating a moderate return on investment for landlords[3].
3. Market Insights:
   • Market Activity: There are currently 0 units for sale and 2 units for rent listed, suggesting a relatively low market activity[1].
   • Comparative Analysis: When compared to other properties in the area, such as Residensi Jalilmas and Kiara Residence 2, OUG Parklane offers a competitive price point but with a lower rental yield[2].
4. Auction and Market Dynamics:
   • Auction Listings: Some units in OUG Parklane have been listed for auction, which may impact the overall market price and perception of the property[4].
   • Market Dynamics: The property market in Old Klang Road is influenced by factors such as accessibility, amenities, and the overall demand for housing in the area.

Conclusion:

OUG Parklane presents a mixed picture in terms of transaction prices and rental trends.

While it offers competitive pricing, the rental yield is moderate, and market activity is currently low. Potential buyers and investors should consider these factors along with the broader market dynamics in Old Klang Road.

Sources:

• [1] www.starproperty.my
• [2] www.propsocial.my
• [3] www.edgeprop.my
• [4] www.bidnow.my
• [5] www.iproperty.com.my