Sunday, June 9, 2013

Freehold Bangsar SouthView Residences by UOA


We're not even recovering yet from the excitement of Bangsar South's KL Gateway and yet there is another launch coming up in this area. But this time, it is Freehold. The location miraculously is right beside the KL Gateway site, separated by a future new access road into the area from the Federal Highway. Miraculous because everything around it is Leasehold - so one wonders how developer UOA pulled this one off...


The launch is expected to be this month and UOA is taking in registrations. Unit sizes start from 620sf up to 1100sf and from the look of the architect rendition, it's going to be one of those high density pigeon holes - 2 blocks with over 600 units per block!!

Indicative launch price is below RM1000psf and as with any launch these days, it will come with discounts. Nevertheless, do expect the smaller units to be around the RM1000psf price tag - similarly with KL Gateway, although the 2bedroom units were sold at RM650psf, the 1br studios went for almost RM1000psf. UOA's Southview expected to be more than that since it is Freehold. So who is going to rent or live there? The price of the 620sf units are expected at around RM650k and above - so it means the rent has to be over RM3,200/month to make it worthwhile. 

I can absolutely say that Bangsar South is attracting many MNC's being a Multimedia Supercorridor Zone. The 2 major commercial complexes - Horizon and Vertical Suites should have a population of about 20,000 to 30,000 workers at the future peak, with a sizeable number of expats. With KL Gateway, Southview and future launches coming up, I think there will be a pool of at least 3,000 to 4,000 apartments in this area. It does point towards a glut but this depends on how Bangsar South will be able to attract tenants from neighbouring areas such as Bangsar, Midvalley and PJ, especially with competition from SP Setia's project nearby. 

However, I can point out 2 key advantages of South View as an investment - Bangsar South's MSC status and the Freehold title. Expect this project to be a snatch when it launches this month.

6 comments:

Haruki said...

Sin Leong, are you going to be in the priority invitation list? :-)

sandra ching said...
This comment has been removed by the author.
sinleong said...

tough question..but i guess since KL gateway is sold out, it has to be South View

Haruki said...

Gateway is leasehold, if I'm not mistaken.

sinleong said...

yes, everything in bangsar south is leasehold except southview

kubiz said...

Hi, I am interested at the units launching there. Anychances that someone can hook me up with the place?