• Pavither
  • 15 December 2021

38 Bangsar, also known as Residensi 38 Bangsar, is a leasehold serviced residence in Bangsar. The site is previously a multi-storey carpark complex. The developer is targeting city dwellers who are seeking properties that are close to the Kuala Lumpur city centre.

They opine that there are many young income earners working in the city centre who are either staying with their parents outside the city centre or renting a house or room close to their workplace. Rent could be about RM1,000 to RM1,500 monthly. So, instead of renting, the developer thinks that it could be better for them to purchase a starter home in the city area that they could afford.

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Address: Off Jalan Bangsar Utama 1, 59000 Bangsar, Kuala Lumpur

Developer: UDA Holdings Bhd

Property Type: Serviced residence

Land Area: 1.13 acres

Land Title: Commercial

Tenure: Leasehold (expiry: 03/12/2085)

No. of Blocks: 1

No. of Storeys: 38

Total Units: 281 

Sales Office: 1, Jalan Bangsar Utama 1, Bangsar, 59000 Kuala Lumpur

Expected Completion: January 2024

Built-up Area: 580 sq ft – 1,225 sq ft

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Facilities:

  • Lobby
  • Shop
  • Kindergarten
  • Function hall
  • Gym
  • Game room
  • Swimming pool
  • Deck pool
  • Jogging track
  • Gazebo
  • Mini playground
  • BBQ area
  • Roof garden

Launch Price: From RM758,000

Launch Price Per Sq Ft: From RM1,300 per sq ft

Project Details

The leasehold 38 Bangsar comprises 281 units with built-ups ranging from 580 sq ft to 1,225 sq ft. Unit types range from studios to spacious 3-bedroom, 3-bathroom units. Thus, the development caters to a range of purchasers, including young professionals, families, and retirees.

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The facilities will include a swimming pool, children’s pool, jogging track, playground, gazebo, game room, barbeque area, and gym, among others. At the rooftop, residents will get to take in the view of the city. For the full list of facilities, check out the ‘Introduction’ section above.

Units at 38 Bangsar are priced from RM758,000.

Unit Types

Built-Up

Type A1

·       580 sq ft

·       Studio, with utility room

·       With balcony

Type A2

·       720 sq ft

·       Studio, with utility area

·       With balcony

Type A3

·       635 sq ft

·       Studio, with utility area

·       With balcony

Type B

·       1,045 sq ft

·       3 bedrooms

·       2 bathrooms

·       Utility area

·       1 balcony

Type C

·       965 sq ft

·       2 bedrooms

·       2 bathrooms

·       Utility area

·       1 balcony

Type C1

·       960 sq ft

·       3 bedrooms

·       2 bathrooms

·       Utility area

·       1 balcony

Type D

·       1,185 sq ft

·       2 bedrooms

·       2 bathrooms

·       1 big utility area, 1 small utility area

·       2 balconies

Type E

·       1,442 sq ft

·       3 bedrooms

·       3 bathrooms

·       Utility area

·       2 balconies

Type F

·       1,225 sq ft

·       3 bedrooms

·       3 bathrooms

·       Utility area

·       2 balconies

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Location

38 Bangsar is located in the heart of Bangsar, between Lorong Maarof and Jalan Bangsar Utama 1. It is just beside Dataran Maybank, and less than a 10-minute drive from Bangsar Village. Thus, the development is surrounded by multiple amenities such as eateries, boutiques, supermarkets, and business hubs.

location

It is also just about 300m from the Bangsar LRT station. 38 Bangsar is also close to Gaya Bangsar, which was also developed by UDA Holdings. As for accessibility, 38 Bangsar is accessible via major roads and highways such as New Pantai Expressway (NPE), Federal Highway, and Lebuhraya Sultan Iskandar (Mahameru Highway).

Accessibility

• Jalan Bangsar
•New Pantai Expressway (NPE)
•Federal Highway
• Mahameru Highway
•Bangsar LRT station – 300m 

Education

  • SMK Bangsar – 850m
  • HELP University – 5.2km
  • University Malaya – 5.3km

Medical Care

  • Mahameru International Medical Centre – 1.8km
  • Pantai Medical Centre – 2.4km
  • UM Medical Centre

Shopping

  • Lucky Garden
  • Nu Sentral – 1.6km
  • The Gardens – 2.5km
  • Bangsar Shopping Centre – 2.6km
  • Bangsar Village I & II
  • Mid Valley Megamall – 3.1km

Recreation

  • The Flow Studio
  • Bangsar Sports Complex
  • The Japan Club of Kuala Lumpur
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Analysis

38 Bangsar could be good for those looking for properties close to Kuala Lumpur city centre. Apart from its proximity to the Jalan Telawi area, the development is close to the Bangsar LRT station. So this could appeal to those who work in the city centre.

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This project is priced from about RM1,300 per sq ft, and some thinks that this is fair, given its location. Other developments near 38 Bangsar include The Establishment and Nadi Bangsar. A quick look at listings of those properties in PropertyGuru in November 2021 shows that the asking price per sq ft is RM895 to RM1,389 per sq ft for The Establishment, while Nadi Bangsar is from RM1,182.15 to RM1,597 per sq ft.

Although 38 Bangsar has the allure of a Bangsar address, some have argued that it doesn’t hold the same prestige as other high-rise developments at the other end of Jalan Maarof.

Here’s a look at residential properties in/near Bangsar.

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

38 Bangsar by UDA Holdings Bhd

Leasehold

Serviced Residence

2024

580 sq ft – 1,225 sq ft

From RM758,000

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

Nadi Bangsar by Hap Seng Land

Freehold

Serviced Residence

2017

441 sq ft – 1,130 sq ft

From RM595,888

The Establishment by Keystone Land Developments Sdn Bhd

Freehold

Serviced Apartment

2018

445 sq ft – 838 sq ft

From RM678,000

Alfa Residence by City Motors Group

Freehold

Serviced Apartment

2024

570 sq ft – 997 sq ft

From RM963,000

Verdura @ Bangsar Hill Park by Suez Capital Sdn Bhd

Leasehold

Service Residence

2025

917 sq ft – 1,478 sq ft

RM835,000

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Summary

UDA was founded in 1971, and it was the builder of many landmark buildings in Malaysia including Menara Dayabumi, UBN Tower, Shangri-La Hotel Kuala Lumpur, Pudu Raya, Sinar Kota, and Dataran Maybank in Bangsar.

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UDA also developed several townships, including Taman Tun Dr Ismail (TTDI) and Bandar Tun Hussein Onn in KL, Taman Pauh Jaya in Penang, Bandar Baru UDA and Bandar UDA Utama in Johor, Taman Murni Perdana in Terengganu, and Pelindung Heights in Kuantan, Pahang. On top of that UDA owns several malls, including Angsana Johor Bahru Mall, UTC Angsana Seremban, UTC KL, and Kompleks Pertama KL.

So, if you’re interested in a 38 Bangsar unit priced at RM760,000, here are some estimated loan figures based on the PropertyGuru Home Loan Calculator, and PropertyGuru Home Loan Eligibility and Affordability Calculator.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM76,000
  • Loan amount: RM684,000
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM3,071
  • Approximate required gross annual income: RM119,000*

If you want to find out your Debt Service Ratio (DSR), be sure to use the FREE PropertyGuru Loan Pre-Approval online tool. It has a 99.9% accuracy, which then helps in avoiding loan rejections.

* Assumptions: No other monthly debt obligations, and 30% of gross income is spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.

 

Keep browsing Malaysia’s largest property site for more project reviews.

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Eric Wong

Pavither

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