Sastra U-Thant is a freehold condominium that was completed in 2013.

It comprises a total of 126 units, with built-up areas varying from 1,744 sq ft to 4,123 sq ft. The development features 3-4 bedroom units, generally equipped with 3-4 bathrooms and a minimum of 3 parking spaces per unit.

Situated in the sought-after Ampang Hilir/Taman U-Thant neighborhood, it is in proximity to embassies and international schools.

Initial launch prices were approximately RM 1,176 per sq ft. The development continues to be appealing due to its prime position in Taman U-Thant, near KLCC. It provides excellent amenities, including a swimming pool, gym, sauna, and round-the-clock security.

The low density and spacious units continue to attract both local and foreign buyers.

Subsale Market Analysis

1. Transaction Prices

The median transacted price for Sastra U-Thant Condominium is RM 2,920,000 with a median price per square foot of RM 1,076.50[1].
The price range for sale listings is between RM 2.02 million to RM 6.20 million, or RM 1,054.74 to RM 1,646.93 per square foot[7].
Some recent sale listings include:
- RM 3,450,000 for a 2,702 sq ft unit (RM 1,277 psf)
- RM 5,200,000 for a 3,907 sq ft unit (RM 1,331 psf)
- RM 3,500,000 for a 2,702 sq ft unit (RM 1,295 psf)[3]
The launch price started from around RM 2 million onwards, with a launch price per square foot of about RM 1,176[3].

2. Rental Prices

Rental prices range from approximately RM 7,000 to RM 20,000 per month[7].
Some recent rental listings include:
- RM 9,300 for a 2,270 sq ft unit
- RM 7,000 for a 2,184 sq ft unit
- RM 19,800 for a 2,702 sq ft unit[3]
The current rental yield is around 3.13%[3].

Sastra U-Thant Condominium 9 Sastra U-Thant Condominium 8 Sastra U-Thant Condominium 7 Sastra U-Thant Condominium 6 Sastra U-Thant Condominium 5 Sastra U-Thant Condominium 4 Sastra U-Thant Condominium 3 Sastra U-Thant Condominium 2 Sastra U-Thant Condominium 1

3. Market Analysis

Density and Positioning: Despite having a comparatively higher number of units (126 in total) than some neighboring developments, Sastra U-Thant maintains its premium status.
Unique Selling Points:

- Each unit comes with its own private yard.
- Minimum of three parking lots per unit.
- Private lift lobby for some units.
Location Value: Situated in the exclusive Taman U-Thant area, near embassies and other high-end developments, contributing to its desirability.
Rental Yield: Based on the available data, the average rental yield is approximately 2.34%. This is relatively low compared to some neighboring properties, suggesting that capital appreciation might be a more significant factor for investors than rental income.
Market Position: Sastra U-Thant is positioned as a luxury development, attracting both international buyers and local elites.
Amenities: The development offers a range of facilities including a swimming pool, gymnasium, sauna, and 24-hour security, which support its premium positioning.
Completion: The project was completed in June 2013, making it a relatively recent addition to the area.

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