Menara UOA Bangsar

Menara UOA Bangsar is a leasehold office tower in Bangsar. This new commercial building is adjacent to Dataran Maybank and Bangsar LRT station. Its immediate neighbours are Gaya Bangsar, Kompleks Niaga Utama, and Etiqa building. Menara UOA Bangsar comprises of 39-storey (Tower A) and 24-storey (Tower B) office towers with 3 level retails comprising of 426 "Grade A" business suites with built up from 829 to 5,501 sf. Tower A is available for sale, meanwhile Tower B is only for lease. Each unit consists of a dedicated pantry, shower room and private toilet. There are over 1,100 car park bays provided at Menara UOA Bangsar. It features broadband connectivity, fibre-optic cabling, Intelligent Fire Protection System, grand lobby, conference room, gymnasium, chill-out area, and food and beverages outlets. Not only that, there is a bridge built to connect the building to the Bangsar LRT station. In the building of Menara UOA Bangsar itself, there are several retail outlets to be open that include 7-Eleven, Old Town White Coffee, The Cut Studio, Focus World Vision Care, San Francisco Coffee, Cone Pizza, Bread Story, Kok Yuen Pin Dental Surgery and Global Millennium (Money Changer). Besides in the building itself, it is meters away from several prime shopping malls namely Mid Valley Megamall, The Gardens, and Bangsar Village I and II. In addition, it is nearby Telawi street entertainment and leisure hub. Menara UOA Bangsar is strategically located in Bangsar commercial hub. It is easily accessible by public transportations via Putra LRT and buses; and private transportation as it is well connected by major highways, namely Federal highway, Kerinchi Link, Penchala Link and North Pantai Expressway (NPE). It is just 2 minutes drive to Mid Valley City, 5 minutes drive to Petaling Jaya, 10 minutes to Kuala Lumpur, and only 1 station away to KL Sentral.

Property Details

Name: Menara UOA Bangsar

Address: Jalan Bangsar, 59100 Kuala Lumpur

Developer: UOA Group

Completion Date: July 2009

Type: Office

Tenure: Leasehold

No. of Blocks: 2

No. of Storey: 39

No. of Units: 426

Built-up: 829 to 5,501 sf

Maintenance Fee: RM0.45 psf for the first 2 years

Launch Price: RM750 to RM800 psf

Subsale Price:

Rental:

Facilities

Broadband connectivity

Centralised air-conditioning with split provision

Fibre-optic cabling

Intelligent Fire Protection System

Grand lobby

Conference room

Gymnasium

Chill-out area

Food and beverages outlets

Market Trends

Analysis

UOA Group is founded and listed on the Australian Stock Exchange (ASX) in 1987. It ventures in property development, construction, property, investment and property management. It has developed plenty of residential and commercial properties in several locations in the country including Taman UOG, Cheras, Mont Kiara, Bangsar, Kepong, Setapak and Happy Garden. Among the latest developments by the company are 1 Desa Residence, Desa Bangsar Ria, Wisma UOA Damansara II, Plaza Menjalara, Villa Yarl, and Halimahton.Menara UOA Bangsar was launched back then at around RM700 psf. The developer, UOA Group, claimed that about 40% of the units sold before the official launch in November 2007, which 10% of the buyers are Singaporean. The developer offered 20:80 financing scheme to buyers and 5% discount for bumiputera buyers.Menara UOA Bangsar was just completed, and most people are rather impressed with the whole development and the finishing delivered. It has numerous exclusive features and 4-meter high volume ceiling. They really think that it is truly a "Grade A" office suite. There is a small Muslim cemetery located on the south east of Menara UOA Bangsar, right across Bangsar LRT station, on the roadside of Jalan Bangsar. It is viewable from high floors that facing Bangsar LRT station and Brickfields. This is a bit turn-off for potential buyers and tenants towards units that facing it. The roads surrounding the area are quite congested at most of the times and get worse during peak hours. Jalan Bangsar and Jalan Maarof are the worst congested roads within the area. Even though the congestion is bad, you still have several highway alternatives for smoother and faster journey. Menara UOA Bangsar was tagged at quite high price from RM750 to RM800 psf and has escalated to RM900 psf after completion. Compared to current price of Plaza Sentral, which is tagged at from RM900 psf, Plaza Sentral is better located, freehold and has MSC status. At the moment, some claimed that they have found potential tenants at RM5.00 to RM7.00 psf. Menara UOA Bangsar is a worthy investment. There is no doubt that the price will escalate further and pass Plaza Sentral price tag due to its exclusivity as well as newness factor.