The Legacy OUG condominium, located in Taman OUG, Kuala Lumpur, offers a range of units with varying sizes and amenities.
Sub Sale Market Analysis
Here’s a detailed analysis of the sub-sale market and rental prices based on available data:
- Unit Sizes and Prices:
- The condominium features 6 floor plans with sizes ranging from 1050sf to 2230sf[1].
- The SPA price starts from around RM700k, with Block A being slightly pricier due to its KLCC-facing orientation[1].
- The early bird rebate was applicable only to Block B, bringing the price down to roughly RM600 psf after the rebate[1].
- Rental Prices:
- Rental listings for The Legacy OUG start from RM3150 for a 1135-sq ft unit[5].
- The rental market in the area is active, with various options available for different budgets and preferences.
- Market Analysis:
- The project is noted for its freehold status, residential title, low density, and layouts suitable for large families[1].
- The development includes EV-ready car parks, a facility floor with a gym, multipurpose hall, and KTV room, among other amenities[1].
- The maintenance fee is RM0.35/sf, and the completion period was around Q3-Q4 2023[1].
- Comparison with Nearby Projects:
- The Legacy OUG is relatively cheaper per square foot compared to new projects nearby, partly due to its location near HTC and the developer’s long-held land, which reduces land costs[1].
- The project’s discreet marketing strategy and the developer’s confidence in not engaging external agents suggest a strong belief in the project’s value proposition[1].
Key Points:
- Unit Sizes:Â 1050sf to 2230sf
- SPA Price:Â Starts from around RM700k
- Rental Prices:Â Start from RM3150 for a 1135-sq ft unit
- Amenities:Â EV-ready car parks, gym, multipurpose hall, KTV room, etc.
- Maintenance Fee:Â RM0.35/sf
- Completion Period:Â Q3-Q4 2023
Overall, The Legacy OUG offers a mix of spacious units, modern amenities, and a strategic location, making it a competitive option in the sub-sale and rental markets in Taman OUG.
Sources:
- [1]Â forum.lowyat.net
- [2]Â www.airbnb.com
- [3]Â documents1.worldbank.org
- [4]Â www.propertyguru.com.my
- [5]Â www.iproperty.com.my
Comparative Analysis of Nearby Properties
1. The Legacy OUG Condominium
- Location: Jalan Klang Lama, Kuala Lumpur
- Unit Sizes: Ranging from 1050 sf to 2230 sf
- Price Range: Starts from approximately RM700,000
- Rental Prices: Starting from RM3,150 for a 1135-sq ft unit
- Amenities: Swimming pool, gymnasium, landscaped gardens, multipurpose hall, children’s playground, and 24-hour security.
- Completion Date: Q3-Q4 2023
2. The Scott Garden
- Location: Jalan Klang Lama, Kuala Lumpur
- Unit Sizes: Typically ranges from 800 sf to 1600 sf
- Price Range: Approximately RM500,000 to RM1,200,000 depending on size and floor level.
- Rental Prices: Ranging from RM2,000 to RM4,000 based on the unit size and furnishing.
- Amenities: Offers a swimming pool, gym, retail shops within the development, food court, and 24-hour security.
- Target Market: Popular among young professionals and expatriates due to its vibrant lifestyle offerings.
3. Kuchai Avenue
- Location: Kuchai Lama, Kuala Lumpur
- Unit Sizes: Sizes range from 900 sf to 1300 sf
- Price Range: Approximately RM450,000 to RM900,000
- Rental Prices: Typically between RM2,000 to RM3,500 depending on the unit.
- Amenities: Features include a swimming pool, gymnasium, landscaped areas, and a commercial component with shops and restaurants.
- Unique Selling Point: Known for being a mixed-use development with easy access to commercial and dining options.
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