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Continue Reading ⋅ 30 January 2023
Nadi Bangsar is located on Jalan Tandok, in the heart of Bangsar. Nadi is actually the Malay word for pulse. So, Nadi Bangsar translates to “The Pulse of Bangsar”. Developed by Hap Seng Land, Nadi Bangsar is a single elegant tower that features a chrome and steel façade. It emanates sheer vibrancy with its steel frame that is encapsulated by a glass wall.
A green building, the outer glass skin of Nadi Bangsar serves to keep the weather out and let the light in. Built on the last few parcels of land in Bangsar, some units in the development will enjoy unobstructed views of the Kuala Lumpur city skyline.
This freehold service apartment also has a sky garden at the topmost floor – a private green area that comes with a jogging track and a sky gymnasium. Additionally, there is a fully-equipped function room that comes with a common gourmet kitchen, exclusively reserved for residents’ use.
There are 6 unit designs, providing purchasers with the option to choose units that best suit their budget or lifestyle needs. Residents of Nadi Bangsar are also provided with 24-hour security surveillance, lift-lobby access cards, and direct intercom to the guardhouse. The project was completed in 2017.
Address: Jalan Tandok, Off Jalan Maarof, Bangsar, 59100 Kuala Lumpur
Property Type: Serviced Residence
Land Title: Commercial
Land Area: 1.34 acres
No. of Blocks: 1
No. of Storeys: 38
Total Units: 416
Tenure: Freehold
Year of Completion: 2017
Built-up Area: 441 sq ft – 1,130 sq ft
Facilities:
Ground Floor
- Arrival plaza
- Guardhouse
- Reflective pond
- Lounge
9th Floor
- Infinity swimming pool
- Sun deck
- Floating gymnasium
- Lounge
- Wading pool
- Seating area
- Multi-purpose deck
- Games room
- Laundrette
- Children’s playground
- Function / party room
- Gourmet kitchen
- Store
- Changing rooms
- Steam rooms
38th Floor
- Sky garden
- Sky gym
- Jogging track
Launch Price: From RM595,888
Launch Price Per Sq Ft: About RM1,200 psf
Maintenance Fee: RM0.40 psf
Project Details
Nadi Bangsar is a single block development on 1.34 acres. It is a 38-storey tower, and there are 416 units in total. So, for a single block, some would say that it is high density. The built-up area of the units ranges between 441 sq ft and 1,130 sq ft.
The ground to 2nd floor are dedicated to retail lots, and they are managed by the developer. It comprises restaurants and boutiques, while the ground level offers a grand entrance statement. Residential units start from the 10th floor, with the 1st to 8th floor is dedicated to a multi-storey parking lot.
Facilities are located on the ground floor, and the 9th floor, while a sky garden on the 38th floor offers residents an unobstructed view of the KL city skyline. This development comes facilities such as a fully equipped function room that comes attached with a gourmet kitchen. These facilities are ideal for entertaining guests, with an added advantage of being able to have a poolside party.
Each unit is allocated 1 parking lot, and there’s a free shuttle bus to the nearby LRT station.
Views of units at Nadi Bangsar
- North-West: Bangsar
- South-West: PJ City View
- South-East: Mid Valley City View
- North-East: KL City View
|
Unit Types |
Built-Up |
|
Type A |
· 441 sq ft · Level 10 – 37 · Studio |
|
Type B |
· 689 sq ft · Level 10 – 37 · 1 bedroom · 1 study · 1 bathroom |
|
Type C |
· 980 sq ft · Level 10 – 37 · 2 bedrooms · 2 bathrooms |
|
Type D |
· 1,098 sq ft · Level 10 – 37 · 2 bedrooms · 2 bathrooms |
|
Type E |
· 1,076 sq ft · Level 10 – 37 · 2 bedrooms · 2 bathrooms |
|
Type E1 |
· 1,130 sq ft · Level 10 – 37 · 2 bedrooms · 2 bathrooms |
Location
Nadi Bangsar was developed to keep in mind the importance of accessibility. Hence, the development is easily accessible via major roads and highways such as New Pantai Expressway (NPE), Federal Highway, and Lebuhraya Sultan Iskandar (Mahameru Highway).
For public transportation, there’s the Putra KTM Station, Bank negara KTM Station, Kuala Lumpur KTM Station, and KL Sentral KTM Station. Nadi Bangsar is also a short walk away from the Bangsar LRT station, which has a direct connection to KL Sentral.
Other than the amenities within the development, the area is surrounded with even more amenities. For residents, everything is easily available in the locality. Residents are just a short drive from several malls, including Bangsar Shopping Centre, Bangsar Village I & II, Mid Valley Megamall, and Nu Sentral. Then there’s the Telawi enclave, with its wide range of F&B outlets, pubs and services.
Accessibility
- New Pantai Expressway (NPE)
- Federal Highway
- Mahameru Highway
- Bangsar LRT station
- KL Sentral
- KL Ecocity MRT station
Education
- HELP University
- University Malaya
Medical Care
- Pantai Medical Centre
- UM Medical Centre
Shopping
- Bangsar Village I & II
- Bangsar Shopping Complex
- Mid Valley Megamall
- Nu Sentral
Recreation
- Lake Garden
- Royal Selangor Club
Analysis
The location of Nadi Bangsar is without a doubt, good. Plus, it certain helps that it is developed by Hap Seng Land, a property developer with several high profile high-rise, commercial and residential developments in the Klang Valley.
Nadi Bangsar is located close to prime plot by Pelaburan Hartanah Bhd (PHB). The site is the former Unilever Malaysia plant, bordered by Jalan Riong, Jalan Tandok, Jalan Bangsar and Jalan Maarof. Plans are in the pipeline for mixed development of office towers, a serviced apartment-cum-hotel, a retail mall and boutique outlets. This could translate into a healthy future price appreciation for Nadi Bangsar when the project completes.
Available listings in PropertyGuru in February 2021 show that the asking monthly rental for 980 sq ft units are from RM3,800 to RM4,500, while purchase prices are asking from RM1.18 million to RM1.29 million.
For units purchased at RM1.23 million, and rented out at RM4,000 per month, the gross rental yield would be 3.9% per annum.
Here’s a look at residential properties in Bangsar.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Nadi Bangsar by Hap Seng Land |
Freehold |
Serviced Residence |
2017 |
441 sq ft – 1,130 sq ft |
From RM595,888 |
|
The Loft by Mammoth Empire Group of Companies |
Freehold |
Condominium |
2008 |
From 3,349 sq ft |
From RM1.98 million |
|
Bangsar Peak by Beneton Properties |
Freehold |
Condominium |
2009 |
2,950 sq ft – 3,570 sq ft |
From RM3.9 million |
|
Ken Bangsar by Ken Holdings Berhad |
Freehold |
Condominium |
2009 |
2,000 sq ft – 8,500 sq ft |
From RM720,000 |
|
Gaya Bangsar by UDA Holdings Berhad |
Leasehold |
Condominium |
2010 |
671 sq ft – 1,160 sq ft |
From RM650,000 |
|
Suasana Bangsar by UM Land |
Freehold |
Condominium |
2011 |
1,109 sq ft – 4,876 sq ft |
From RM600,000 |
|
Freehold
|
Apartment |
2020 |
2,346 sq ft – 7,057 sq ft |
From RM1.7 million |
|
|
Leasehold |
Suite Apartment |
2023 |
948 sq ft – 2,002 sq ft |
From RM700,000 |
Summary
Hap Seng Land Sdn Bhd is a medium-sized real estate company in Malaysia, and other projects by them include Akasa (mixed development) in Cheras South, Aria (luxury serviced residence) at KL city centre, The Horizon Residences (serviced residence) along Jalan Tun Razak in Kuala Lumpur and, D’Alpinia (township) in Puchong.
The median price for property in the Bangsar from the last 12 months to June 2020 reached almost RM6.9 million averaged over more than 10,000 transactions.
Some property types in this neighbourhood have seen an appreciation of almost 240% in the last two decades, providing a clear example of its never-fading popularity, and consequently affecting the prices in this neighbourhood. Click here for more about property price trends in Bangsar.
Here are estimated loan figures for a Nadi Bangsar unit priced at RM1.23 million.
- LTV / margin of finance: 60%
- Down payment (30%): RM369,000
- Loan amount: RM861,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM3,724
- Approximate required gross annual income: RM149,000*
These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator.
If you’re interested in calculating Debt Service Ratio (DSR), you may refer to the PropertyGuru Home Loan Pre-Approval tool. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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