Vista Komanwel B, located in Bukit Jalil, Kuala Lumpur, is a condominium that was initially built to house athletes during the 1998 Commonwealth Games.
The property has been a popular choice for rental due to its proximity to the International Medical University (IMU) and an LRT station.
Sub Sale Market Analysis
Here is a detailed analysis of the sub-sale market for Vista Komanwel B:
- Pricing Trends:
- Historical Pricing: In 2008, units were selling for around RM153,000 to RM170,000 for 1227 sq ft to 1242 sq ft[1].
- 2010 Pricing: Prices ranged from RM220,000 to RM250,000, depending on the condition of the house[3].
- Recent Pricing: The current subsale prices are between RM330,000 and RM990,000, with a price per square foot ranging from RM242 to RM801[4].
- Rental Yields:
- Rental Rates: In 2008, rental rates were around RM1,600 for a 1242 sq ft unit[1].
- Recent Rental Rates: The current rental prices are between RM1,254 and RM2,200[4].
- Rental Yield: The indicative asking rental yields are around 5.9% for Vista Komanwel B, making it one of the top-performing properties in Bukit Jalil in terms of rental yield[2].
- Market Demand:
- Student Population: The high demand for rentals is largely driven by the student population from IMU, which has an average intake of 250 medical students yearly[1][2].
- Proximity to LRT: The property’s proximity to an LRT station also contributes to its attractiveness for both students and working professionals[2].
- Maintenance and Upkeep:
- Maintenance Fees: The maintenance fee was 17 cents per square foot in 2005, with a 10% sinking fund[1].
- Recent Maintenance: The maintenance team was changed, and the sinking fund was used to repaint and repair facilities, which contributed to an increase in property prices[3].
- Comparison with Other Properties:
- Arena Green: While Arena Green is another popular choice, Vista Komanwel B has a higher rental yield due to its closer proximity to IMU[2][4].
- Other Developments: Newer developments like Covillea and Savanna have higher price per square foot but similar rental yields, indicating that Vista Komanwel B offers a relatively better value for investment[2][4].
Sources:
- [1]Â forum.lowyat.net
- [2]Â www.edgeprop.my
- [3]Â forum.lowyat.net
- [4]Â www.propsocial.my
- [5]Â cre.org
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