The Horizon, Bangsar South, is a commercial development within the integrated Bangsar South project.

It consists of a 10-storey commercial centre with 37 blocks of boutique offices, offering state-of-the-art facilities, private lobbies, and landscaped greenery.

Subsale Market Analysis

1. Transaction Prices:

Median Price: The median sale price in Bangsar South is RM 822,500, with specific projects like The Park Residences having a median price of RM 1,334,214[1].
Price per Square Foot (PSF): The area average price PSF for non-landed properties in Bangsar South is RM 777, higher than the state average of RM 475[1].
Office: Office units in The Horizon are priced significantly higher, with listings ranging from RM 50 million to RM 60 million, reflecting the premium nature of these commercial properties[4].

2. Rental Prices:

Rental Rates: Office spaces in The Horizon are available for rent with rates ranging from RM 4.00 to RM 6.00 per square foot, depending on the built-up area and furnishing condition. For example, a 1300 sq ft partly furnished unit is available for RM 5.50 per square foot, while a 18600 sq ft partly furnished unit is available for RM 6.00 per square foot[2].
Rental Yield: The rental yield in Bangsar South varies by the number of bedrooms, with a 1-bedroom unit offering a 5.23% yield, and a 4-bedroom unit offering a 4.5% yield[1].

3. Market Trends:

Demand and Supply: The high-end residential market in Kuala Lumpur, including Bangsar South, has seen a mismatch between supply and demand, with transaction volumes lagging behind incoming supply[3].
Price Movements: The average transacted prices in Bangsar were 1.1% higher in the first half of 2019 compared to 2018, indicating a slight increase in property values[3].

4. Key Points:

Median Sale Price: RM 822,500
Area Average Price PSF: RM 777
Rental Rates: RM 4.00 to RM 6.00 per square foot
Rental Yield: 4.5% to 5.23%
Market Trend: Stable demand with slight increases in transaction prices and competitive rental yields.

Sources: