The Goodwood Residence is a prominent serviced residence situated in the vibrant area of Bangsar South, Kuala Lumpur.

Developed by UOA Group, this 99-year leasehold development has gained attention for its luxurious amenities, strategic location, and contemporary design.

As a result, it has become a notable player in the sub-sale market, attracting both buyers and investors.

Sub-Sale Market Analysis

1. Transaction Prices

In the sub-sale market, transaction prices for units at The Goodwood Residence have demonstrated a competitive range.

Based on recent data:

Average Transaction Price: The average transaction price for units in The Goodwood Residence is approximately RM 850,000 to RM 1.3 million, depending on the unit size and specifications.
Price per Square Foot (PSF): The price per square foot for units ranges from RM 800 to RM 1,000. A typical two-bedroom unit of around 1,200 sq ft could see prices between RM 900,000 and RM 1 million, while larger units or those with premium finishes can command higher prices.
Market Trends: The market has shown resilience with consistent interest from buyers. The overall trend indicates a steady appreciation in prices as demand for properties in Bangsar South continues to grow due to its accessibility and lifestyle offerings.

2. Rental Prices

The rental market for The Goodwood Residence also reflects its desirability among tenants, particularly expatriates and professionals working in Kuala Lumpur:

Average Rental Price: The average rental price for units in The Goodwood Residence ranges from RM 2,800 to RM 5,000 per month, depending on the unit size and configuration.
Rental Price per Square Foot: Rental prices typically range from RM 4.00 to RM 5.00 per square foot. For instance, a two-bedroom unit of approximately 1,200 sq ft might rent for around RM 4,000 monthly.
Rental Yield: The rental yield for The Goodwood Residence is estimated at around 4% to 5%. This yield is attractive for investors looking for stable rental income in a high-demand area.

3. Market Analysis:

Competitors: The Goodwood Residence competes with other developments in Bangsar South, such as Southlink Lifestyle Apartment and Laurel Residence by UOA Group, and The Estate by Bon Estates Sdn Bhd.
Market Position: The Goodwood Residence is positioned for middle-to-upper income buyers, offering a holistic living experience with age-friendly facilities.
Location: The development is strategically located near Nexus and The Sphere, providing easy access to healthcare, grocery shopping, and other amenities.