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38 Bidara, Bukit Ceylon

38 Bidara (also known as Bidara Condominium) is a serviced apartment located opposite Hotel Istana in Bukit Ceylon. It offers peaceful living with lush greenery in the heart of the city centre. 38 Bidara was developed by Goldhill Group and launched in 2001.

38 Bidara is strategically located just meters away from the Golden Triangle. Besides that, residents can reach Raja Chulan monorail station within minutes of walking. As it is being at the center of Kuala Lumpur city, one can reach various destinations with ease. From Jalan Sultan Ismail, one can access to Jalan Ampang, Jalan Tun Abdul Rahman and Jalan Kuching.

Residing in Bukit Ceylon, one should not get bored through everyday living as it is near to several leisure centers and shopping heavens. Heading to the Jalan P Ramlee, residents can enjoy nightlife excitement from the row of clubs and bars along the road.

For leisure and shopping, residents can fulfill shopping addiction by taking a walk or short drive to numerous shopping malls, like Suria KLCC, The Pavilion, Starhill Gallery, Lot 10 and Times Square. Just besides of the building, there are rows of shop lots that houses restaurants, pubs, bars and cafes. Not only that, it is near to a number of office buildings and towers namely Wisma Goldhill, Wisma Genting, Menara Standard Chartered and Central Plaza.

38 Bidara was developed by the renowned Singapore-based property development company, Goldhill Group, which established since 1963. The group has developed numerous developments across the regions including home-based Singapore, Malaysia and Australia. The group has developed over 3 million sf of commercial and retail properties, and over 1,000 residential units. Among developments by Goldhill in Malaysia are Regency Tower, Bintang Goldhill, Wisma Goldhill, and Wisma Technip.

Property Details

  • Name: 38 Bidara (also known as Bidara Condominium)
  • Address: Jalan Bidara, Off Jalan Sultan Ismail, Kuala Lumpur
  • Developer: Goldhill
  • Type: Serviced Residence
  • Tenure: Freehold
  • No. of Blocks: 1
  • No. of Storey: 18
  • Built-up: 756 sf onwards
  • Subsale Price: RM480,000 - RM800,000
  • Rental: RM1,500 - RM4,000

Facilities

  • Barbecue area
  • Business center
  • Cafeteria
  • Covered parking
  • Gymnasium
  • Mini market
  • Nursery
  • Salon
  • Sauna
  • Swimming pool
  • Wading pool
  • 24-hour security

Market Trends

Analysis

On the outer look, 38 Bidara shows off its modern and classy architecture that appeal anybody who passes by. But on the inside, some owners claimed that it suffers poor workmanship due to low quality of materials used and low ceiling. Besides that, they also complaint about it has bad layout designs as well as bad Feng shui.

Another drawback of 38 Bidara is the purchased unit does not come with any parking bay. Residents are required to rent the parking lot for RM150 per month each. Parking problem can be evidenced by the rows of illegal parking in-front of the residential.

In terms of its location, 38 Bidara is not very well located. Parts of the units suffer bad view as they are facing the air conditioner compressors of Istana Hotel. Besides that, some of the units are facing low-cost flats which also located near to the residential.

The desirable units are the ones above the swimming pool, and another faces KLCC and Lot 10; both are corner units. For future tenants and investors, it is highly advisable to consider high floor units to get rid of the noise from the air-conditioners as well as the bad smell of the rubbish dump below.

There is a new completed residential within a stone’s throw away from 38 Bidara, called One Residency. Even though One Residency is tagged with higher rates, it is better located as well as offering exclusivity to the residents and larger space options. With a new player in town, it will affect 38 Bidara negatively, as future and current tenants might opt to reside in One Residency. Besides, there is also a number of residential within the vicinity including Menara Bukit Ceylon, Seri Raja Chulan, and Downtown Condominium.

In terms of investment, most owners of 38 Bidara claim that they have to struggle to get tenants unlike surrounding residential, which is highly accepted by tenants. Thus, if you really like to put your money on Bukit Ceylon properties, do consider surrounding residential such as Angkasa Impian 2 and Somerset (Seri Bukit Ceylon).

Links

http://www.goldhill.com.my/our_proj_my_bidara.html

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