The Vertical Business Suites in Bangsar South, Kuala Lumpur, is a prominent office development that has garnered significant interest from both local and international businesses.
Overview:
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- Location: Bangsar South, Kuala Lumpur.
- Development: Two towers (Tower A and Tower B) with 420 and 250 unitsently sized individual office suites designed for SMEs[1].
- MSC Status: Located within MSC Malaysia Cybercentre @ Bangsar South City, making it attractive for IT-related and international tenants[1][3].
Sub-Sale Market Analysis
- Transaction Prices:
- Past Transactions: The average transacted price for non-landed properties in the area ranges from RM461 psf to RM693 psf, depending on the size of the unit[3].
- Current Market Price: The current market prices for units in the Vertical Business Suites range from RM1,061,496 for smaller units, indicating a price increase over the launch price[3].
- Transacted Prices: The average transacted prices for non-landed properties in the area are as follows:
- 500 – 1,000 sq. ft: RM693 psf
- 1,000 – 1,500 sq. ft: RM513 psf
- 1,500 – 2,500 sq. ft: RM461 psf[3].
- Rental Prices:
- Rental Rates: Office spaces in The Vertical Business Suites are available for rent, with prices ranging from RM4,500 to RM25,000 per month, depending on the size and furnishing of the unit[2][5].
- Rental Yield: The average rental yield for office spaces in Bangsar South can range from 3.69% to 7.34%, although specific yields for The Vertical Business Suites are not provided[3].
- Market Outlook:
- Future Developments: The area is expected to see further development, including the Duo Tower, which is slated for completion in FY2027[4].
- Market Sentiment: Despite soft market sentiments and economic uncertainties, the demand for office spaces in strategic locations like Bangsar South is expected to remain steady[4].
Sources:
- [1]Â uoa.com.my
- [2]Â www.edgeprop.my
- [3]Â www.propsocial.my
- [4]Â www.insage.com.my
- [5]Â mscofficemalaysia.com
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