Bayan City, Bayan Baru

Bayan City is a freehold integrated office, residential & retail hub located in Bayan Baru, Bayan Lepas. It consists of Elit Avenue and Elit Heights. There are 600 apartment units available at this project with built-up from 1,465 sf for apartment units and 1,200 sf to 3,456 sf for retail units. It was developed by SEAL Inc Bhd with a launch price at around RM350 psf for apartment units, and was completed in about 2013.

SEAL Inc Bhd is a medium-sized real estate company listed on KLSE, and it has constructed around 6 real estate projects in Malaysia. Other similar projects by the same developer are Elit Avenue, Elit Heights, North Avenue, Sapphire and Villa Sri Melati.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Freehold
Built-up
1,465 sf (Apartment)
1,200 sf - 3,456 sf (Retail)
Market Price
RM640,000 (Apartment)
RM1,200,000 - RM3,110,000 (Retail)
Density
600 Apartments
Completed In
2013
Developer
SEAL Inc Bhd
Launch Price
RM350 psf (Apartment)

This integrated office, residential & retail hub has some amenities nearby, for example hospitals and universities. The following are some main hospitals here:

The current market prices for Bayan City are from RM640,000 (about RM440 psf) for apartment units and RM1,200,000 to RM3,110,000 (about RM770 psf) for retail units; while the monthly rentals are from RM1,800 (about RM1.23 psf) for apartment units and RM2,200 to RM5,000 (about RM4.55 psf) for retail units. The highest median price psf ever recorded was RM580 psf in Q2 2013 (Apartment) and RM947 psf in Q4 2016 (Retail); while the lowest one was RM350 psf in Q1 2011 (Apartment) and RM688 psf in Q1 2015 (Retail).

The current rental yield of Bayan City is 3.32% for apartment units. The highest rental yield ever recorded was 4.84% in Q4 2016 (Apartment); while the lowest one was 2.88% in Q1 2014 (Apartment). Meanwhile, the most common unit layouts and sizes available here are as follows:

Apartment Layouts

The most popular layout and size combination at Bayan City for apartment units is 3-bedroom / 1,465 sf with a median price of RM440 psf. For price wise, the most expensive one is 3-bedroom / 1,465 sf with a median price of RM440 psf; while the cheapest one is 3-bedroom / 1,465 sf with a median price of RM440 psf.

Retail Layouts

Lastly, the most popular layout and size combination at Bayan City for retail units is 1,661 sf with a median price of RM770 psf. For price wise, the most expensive one is 1,300 sf with a median price of RM1,000 psf; while the cheapest one is 1,661 sf with a median price of RM770 psf.

Latest Bayan City for sale listings:

DateTypeBuilt-upPrice
20-Jan-19Condominium1,413 sfRM650,000
18-Jan-19Condominium1,000 sfRM500,000
18-Jan-19Condominium1,465 sfRM650,000
18-Jan-19Condominium1,123 sfRM680,000
18-Jan-19Condominium1,465 sfRM705,000
18-Jan-19Condominium1,600 sfRM750,000
18-Jan-19Condominium1,460 sfRM685,000
18-Jan-19Condominium1,465 sfRM600,000
17-Jan-19Condominium1,465 sfRM600,000
16-Jan-19Condominium2,636 sfRM1,180,000

Latest Bayan City for rent listings:

DateTypeBuilt-upRental
TodayRoom In Apartment-NA-RM650
TodayCondominium-NA-RM1,900
YesterdayRoom In Apartment-NA-RM500
YesterdayCondominium1,465 sfRM1,900
YesterdayRoom In Apartment-NA-RM400
YesterdayRoom In Apartment-NA-RM400
YesterdayRoom-NA-RM400
17-Jan-19Condominium1,123 sfRM1,700
17-Jan-19Room In Apartment-NA-RM380
17-Jan-19Room In Apartment-NA-RM600