The Andes Condo Villa @ Bukit Jalil is an upscale development located on the borderlines of Bukit Jalil and Puchong, offering both condominium units and landed properties.
The project, completed in August 2018, features 353 condominium units spread over two blocks of 25 storeys, with approximately 8 units per floor, ensuring a quiet and private lifestyle.
Sub-Sale Market Analysis
1. Transaction Prices
- Condominium Units: The transaction prices for condominium units in The Andes range from RM550,000 to RM1,600,000, with a price per square foot (psf) ranging from RM498 to RM843[1].
- Recent Listings: Recent listings for sale include units priced at RM820,000 for a 1,596 sqft unit, which translates to RM513 psf[2].
- Market Trends: The sales asking price trends indicate that 25% of listings are below the 25th percentile price, and 50% are below the median price, suggesting a diverse pricing strategy among sellers[5].
2. Rental Prices
- Rental Listings: Rental listings for The Andes Condo Villa @ Bukit Jalil include units priced at RM2,300 for a 1,596 sqft unit and RM2,200 for a 1,105 sqft unit, indicating a rental price per square foot of approximately RM1 psf[3].
- Rental Yield: The rental yield for The Andes is reported to be 3.31%, based on historical data[1].
3. Market Analysis
- Comparative Analysis: When comparing The Andes with other properties in the area, such as OUG Parklane and Kinrara Mas, The Andes offers a competitive pricing strategy with a higher rental yield compared to Kinrara Mas but lower than OUG Parklane[1].
- Market Insights: The Bukit Jalil area is predicted to be the next upcoming hotspot in Kuala Lumpur, making The Andes a potentially attractive investment opportunity due to its prosperous location and excellent accessibility to highways and amenities[1].
4. Key Points:
- Location: Strategically located between Bukit Jalil and Puchong with excellent highway access.
- Unit Types: Condominium units (1,105 sq ft to 1,843 sq ft) and Villa Terrace (2,200 sq ft to 3,300 sq ft).
- Facilities: Shared facilities include a swimming pool, kid’s pool, badminton court, cardio gymnasium, and a ‘celebrity kitchen’.
5. Market Comparison
When comparing The Andes with other properties in the area, such as OUG Parklane, Menara UP, Kinrara Mas, and BK1, The Andes offers competitive pricing and rental yields. For instance, OUG Parklane has an average rental yield of 1.11%, while Kinrara Mas has a yield of 1.63%.
Sources:
- [1]Â www.propsocial.my
- [2]Â www.edgeprop.my
- [3]Â www.edgeprop.my
- [4]Â forum.lowyat.net
- [5]Â www.edgeprop.my
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