Vista Komanwel A, located in Bukit Jalil, Kuala Lumpur, is a condominium that was initially built to house athletes during the 1998 Commonwealth Games.
The property has since become a popular choice for both investors and residents due to its proximity to higher learning institutions and an LRT station.
Sub-Sale Market Analysis
Here is a detailed analysis of its sub-sale market, focusing on transaction prices and rental prices:
- Transaction Prices:
- Range:Â The subsale prices for Vista Komanwel A range from RM360,000 to RM990,000[2][5].
- Price per Square Foot (PSF):Â The average transacted price PSF is around RM364 PSF, with variations depending on the unit size and location[1][4].
- Recent Transactions:Â Recent transactions show prices ranging from RM480,000 to RM600,000 for units sized between 1,227 sq ft and 1,378 sq ft[4].
- Rental Prices:
- Range: Rental prices for Vista Komanwel A range from RM643 to RM1,900 per month[2][5].
- Rental Yield:Â The indicative asking rental yield is around 5.2%, making it one of the top-performing properties in Bukit Jalil in terms of rental yield[1].
- Market Trends:
- Demand:Â The property attracts both working professionals and students due to its proximity to higher learning institutions and an LRT station[1].
- Growth:Â The average transacted price PSF for non-landed homes in Bukit Jalil has shown significant growth, with a 19.3% increase to RM444 in 3Q2014 from the previous year[1].
- Comparison: Vista Komanwel A is among the more affordable options in Bukit Jalil, with newer developments like KM1 by Berjaya Land being priced higher at RM649 PSF[1].
- Location: Vista Komanwel A is strategically located near the LRT Sri Petaling station, making it attractive to students and working adults.
- Demand: The property benefits from its proximity to higher learning institutions like IMU and APU School, as well as shopping centers such as Pavilion Bukit Jalil.
- Market Trends: The Bukit Jalil area has seen significant price growth, with the average transacted price per square foot for non-landed homes increasing by 19.3% to RM444 in 3Q2014 compared to the previous year.
Key Points:
- Proximity to Amenities:Â The property’s location near LRT stations and educational institutions makes it attractive for rental.
- Rental Yield:Â Vista Komanwel A offers a decent rental yield, making it a viable investment option.
- Price Growth:Â The property has seen significant price growth, with potential for further appreciation due to its relatively lower entry price barrier.
Sources:
- [1]Â www.edgeprop.my
- [2]Â www.propsocial.my
- [3]Â intapi.sciendo.com
- [4]Â www.starproperty.my
- [5]Â www.iproperty.com.my
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