Sri Penaga, located in Bangsar, Kuala Lumpur, is a mature condominium that has maintained its attractiveness due to its strategic location and convenience.

Subsale Market Analysis

1. Transaction Prices:

Selling Price Range: The selling price for Sri Penaga units ranges from RM300,000 to RM2,100,000, with a price per square foot (psf) range of RM352 to RM1,239[1].
Median Price: The median price for Sri Penaga is RM1,528,260, with a median price psf of RM959[4].
Comparison with Other Developments: When compared to other developments in Bangsar, Sri Penaga’s transaction prices are competitive. For example, One Menerung has a median price of RM5,783,808 and a median price psf of RM1,412, while Tivoli Villas have a median price of RM762,375 and a median price psf of RM725[4].

2. Rental Prices:

Rental Price Range: The rental prices for Sri Penaga units range from RM3,000 to RM7,000 per month, with most units being rented out at around RM3,400 to RM3,800 per month for 2-bedroom units and RM6,500 to RM7,000 per month for 3-bedroom units[2].
Rental Yield: The rental yield for Sri Penaga is approximately 6.17%, which is higher than some of the newer developments in the area, such as Damansara Fifty6 (4.6%) and DC Residency (5.4%)[1].

3. Market Insights:

Appreciation: Properties in Bangsar, including Sri Penaga, have shown significant appreciation over the years. Condominiums in Bangsar have appreciated by around 94% to 167% over the past 17 years[4].
Demand: Bangsar remains a highly sought-after area due to its strategic location, accessibility, and mix of expats and local residents. This demand supports the price growth of properties in the area[4].

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