The Loft, Bangsar
The Loft (also known as Bangsar Couture Homes) is a unique loft residential located next to The Ara at the junction between Jalan Ara and Jalan Penaga. It is designed in a cubic condominium and housing only 15 units in total. It was previously an abandoned development which later converted to residential lofts by its developer, Mammoth Empire Development.
The Loft is designed with modern look faÃ§ade and detailed landscaping. It provides 3 parking spaces for each unit. Facilities offered include barbecue area, swimming pool, sauna, gymnasium and cafeteria. It offers panoramic view of Kuala Lumpur city centre and Petaling Jaya, which include KLCC and Telekom's Rebung Tower.
The Loft is located in the bustling Bangsar neighborhood, having The Ara and Contessa as its immediate neighbours. From the condominium, one can find plenty amenities around Bangsar Baru and Telawi enclave, as well as in several prime shopping malls. For example, Bangsar Village 1 and 2, Bangsar Shopping Centre, The Gardens and Mid Valley Megamall are all within short driving distance.
Besides shopping, one can find plenty of leisure activities including cinema and bowling not far from The Loft. Also, one can find rows of bars, chic restaurants, fancy cafÃ© and local delight restaurants in Telawi enclave, which is among the favorite spots for chilling out with family and friends among expatriates and locals.
If you are a golf enthusiast, there are several golf courses nearby that can fulfill your addiction namely KGPA and KLGC which both located along SPRINT highway and Tropicana Golf and Country Resort and Sri Selangor Golf Club which not very far from Bangsar vicinity.
Getting to places is one of the advantages residing in Bangsar. This affluent neighborhood is well positioned next to the city center and connects the city with Petaling Jaya. You can access to the city center via Jalan Maarof and Jalan Bangsar. Alternatively, you can also utilize SPRINT highway and Mahameru highway to head to the city. Besides that, you can reach Petaling Jaya via SPRINT highway and access Lebuhraya Damansara-Puchong (LDP) to reach Puchong and Kepong.
The Loft, Bangsar Average For Sale Price
The "loft" concept is actually an apartment unit with double volume ceiling. Its upper floor overlooks the lower floor. The concept attracts fashionista goddess and designers, who are mostly yuppies. But as for older folks, they will much more prefer landed properties or even practical condominiums to suit their lifestyle.
Residing in Bangsar, one has to bear with the massive traffic congestion issue. The traffic jam is almost every corner within Bangsar vicinity from main road of Jalan Bangsar and Jalan Maarof, to internal roads including Jalan Ara, Jalan Cenderai and Jalan Bukit Pantai which are massively crowded with vehicles during peak hours.
The Loft in Bangsar would probably top all other lofts available in the whole Klang Valley. There are only few loft concept residential built in the country, including Suasana Sentral Loft, Tropicana City Tropics, Casa Suites, and Palmyra; thus there are only few competitors for The Loft.
Owning a unit at The Loft will cost a lot of money. Perhaps, you can purchase a bungalow unit within the same area with private garden and double in size. Maintenance fee is highly charge as well, as it costs from RM800 to RM1,000 per month for even the smallest unit.
In terms of investment, even though The Loft is very pricey, it is still a good investment. The price appreciated very well over the years. It has appreciated at least 70% to 80% from initial prices, thus secondary market purchasers should not expect similar rates of return from capital appreciation. But, you can expect relatively good rental yield from your investment. Just bear in mind that you need large bank account to own and also maintain the unit as it requires high holding cost just in case you cannot find the tenant.