Palmyra

Palmyra (also known as Palmyra Bangsar) is a luxurious Balinese-inspired resort condominium located in Bangsar. This low density residential is a development by BRDB. It is adjacent along Jalan Medan Tanduk, opposite Tivoli Villas. Among its other immediate neighbours are Desa Bangsar Ria, Sri Bayu, Verona Town Villa, and Wang Wang.Palmyra only comprises 60 units on 3 acres freehold land along Jalan Medan Tanduk. Each unit comes with 3 covered parking bays. This low density development was completed in December 2004. It is strategically located within 5 minutes drive from Bangsar Shopping Center, Bangsar Village and renowned Mid Valley Megamall. These prime shopping malls not only offer thousands of apparel brand stores and supermarket, but also play role as leisure and entertainment hubs. Furthermore, Bangsar never sleeps, as there are rows of bar located in Telawi enclave await party goers. For medical, one can find private-owned Pantai Medical Centre which located at Jalan Bukit Pantai and public's Universiti Malaya Medical Centre (UMMC). For golf enthusiast, KGPA and KLGC are located nearby along SPRINT highway. Residents are well connected to prime areas with plenty of main road and highway accesses available nearby. Just meters away from Palmyra, one can access SPRINT Highway which leads towards the Kuala Lumpur city center via Jalan Kuching or Damansara and links to Lebuhraya Damansara Puchong (LDP) and NKVE. Besides that, one can utilize Penchala Link to head to Mutiara Damansara, Taman Tun Dr Ismail and Seremban. Plus, one can utilize New Pantai Expressway (NPE) to drive towards Jalan Klang Lama, Bandar Sunway and Subang Jaya. Alternatively, one can commute via Putra LRT as one of its stations is located in Bangsar.

Property Details

Name: Palmyra (also known as Palmyra Bangsar)

Address: Jalan Medang Tanduk, Bangsar, Kuala Lumpur

Developer: BRDB

Competion Date: December 2004

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 6

No. of Units: 60

Built-up: 3,658 sf

Launch Price: RM1.4 mil onwards

Subsale Price:

Rental:

Facilities

Covered parking (3 parking bays each unit)

Gymnasium

Playground

Sauna

Swimming pool

Garden

Launderette

24-hour security

Market Trends

Analysis

BRDB is a household name in residential and commercial developments. It has a handful of development projects which mostly located within sought-after address including Bangsar and KLCC enclave. Among its previous works include Bukit Bangsar, The CapSquare Residences, Sri Penaga, and Inara. For the time being, the company is currently developing high-end residential One Menerung in Bangsar and The Troika just a stone throw away from KLCC Petronas Twin Towers. There are several developments planned nearby Palmyra. Just next door, there is a development of 7 units of 3-storey bungalows which priced from RM9 to RM10 millions. This bungalow development will surely increase the area exclusivity. But, the added exclusivity will be sacked by the new high density condominium that comprises of 8 condominium blocks. Each block comprises of 6, 11 or 28 floors. These new developments will increase the area density from 30 persons per acre to 175 persons per acre, an increase of more 500 percent. Thus, this area will lose its low density attraction as well as lacks of privacy. With a number of construction works held nearby Palmyra, its residents have to suffer bad air and noise pollutions for at least 3 years of construction period. Moreover, as more vehicles including heavy vehicles commute along the road during the construction, the road will likely get damaged within few years. Residing in Bangsar, one has to tolerate with bad traffic congestion all over Bangsar. The traffic is worst during peak hours. If you utilize SPRINT Highway, you will find it more convenient to head home. But during peak hours, around 6 pm, you might also stuck in the congestion along SPRINT Highway.Palmyra is only meant for high market. Its closest competitors would be One Menerung, a new luxury condominium located on the corner between Jalan Maarof and Jalan Penaga; and Bangsar Peak which is expected to be completed in June 2009. Each has its pros and cons. Palmyra and Bangsar Peak are super low density residential, meanwhile One Menerung has higher density than both residential. Bangsar Peak is developed by Beneton, while One Menerung and Palmyra are BRDB's developments, a well known and reputable developer for the whole Bangsar district. All units are large units with above 3,000 sf of built-ups. This high end condominium is still in demand. With high price tagged for One Menerung, The Loft and Bangsar Peak around RM1,000 psf, Palmyra's value can still perform in the future.