Palmyra Bangsar

Palmyra Bangsar, a luxurious freehold condominium located in the heart of Bangsar, offers a serene and well-established residential environment.

Subsale Market Analysis

1. Transaction Prices:

• Launch Price: The launch price for Palmyra Bangsar units started from RM1,400,000[5].
• Sub-sale Price: The current sub-sale prices for units in Palmyra Bangsar range from RM2,800,000 to RM3,999,000[5]. Specific units are listed for sale at RM2.6M+ for a 3650 sq ft unit and RM3.3M for a 4300 sq ft unit[4].
• Price per Square Foot (psf): The average price psf for Palmyra Bangsar units is between RM961 psf and RM1,171 psf, with some listings at RM2,800,000 to RM3,999,000 indicating a higher psf for larger units[5].

2. Rental Prices:

• Rental Price: The rental prices for Palmyra Bangsar units range from RM10,000 to RM15,000 per month[5].
• Rental Price per Square Foot (psf): The rental price psf for Palmyra Bangsar is approximately RM2.56 psf, based on a 4300 sq ft unit rented at RM11,000 per month[3].

3. Market Trends:

• Demand: The demand for high-rise properties in Bangsar remains strong, with security being a top priority for buyers[1].
• Yield: The average rental yield for non-landed properties in Bangsar is about 4.6%, which is attractive for investors[1].
• Market Outlook: Despite the pandemic and economic challenges, the property market in Bangsar is expected to remain stable, with values potentially appreciating in the mid-term[1].

Key Points:

• Transaction Prices: RM2,800,000 to RM3,999,000
• Rental Prices: RM10,000 to RM15,000 per month
• Price psf: RM961 psf to RM1,171 psf
• Rental Yield: Approximately 4.6% for non-landed properties in Bangsar
• Market Outlook: Stable with potential for appreciation in the mid-term.

Sources:

• [1] theedgemalaysia.com
• [2] www.rahim-co.com
• [3] www.propertyguru.com.my
• [4] www.propertrack.com
• [5] www.propsocial.my