Acacia, The Park Residences
Acacia is a leasehold condominium located in The Park Residences, Bangsar South. There are 179 units available at this project with built-up from 1,910 sf to 2,095 sf. It was developed by UOA Development Bhd with a launch price at around RM340 psf, and was completed in about 2011.
UOA Development Bhd is a huge real estate company listed on KLSE, and it has constructed around 57 real estate projects in Malaysia. Other similar projects by the same developer are Camellia Serviced Suites, Desa Green, Le Yuan Residence, Prima Midah Heights, Sentul Village, Setapak Green, South Link, South View, Southbank Residence and The Park Residences.
This condominium has many amenities nearby, for example universities, schools, hospitals and metro transport stations. The following are some main universities here:
- 1st Residential College Um
- 6th Residential College
- Anjung Penyayang Universiti Malaya
- Avicenna Residential College
- Avicenna Residential College (Sixth)
- Kolej Kediaman Pertama Universiti Malaya
- Kursk State Medical University
- Tuanku Bahiyah Residential College (2nd College)
- Universiti Malaya KL Gate
- University Of Malaya Centre For Continuing Education (Umcced)
As for schools, there are SK Methodist, SMK Seri Pantai, Sri Dasmesh International School and Wesley Methodist School. There are also some hospitals here, i.e. Cengild G.I. Medical Centre (Cgi), Life Care Diagnostic Medical Centre and Yak Su Dang Chinese Medical Centre.
Lastly, the metro transport stations here are LRT Kerinchi and LRT Universiti.
The current rental yield of Acacia is around 4.29%, compared to 4.69% 4 years ago in Q4 2014. The highest rental yield ever recorded was 8.82% in Q1 2012; while the lowest one was 4.03% in Q3 2018. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at Acacia is 3-bedroom / 1,910 sf with a median price of RM730 psf. For price wise, the most expensive one is 3-bedroom / 2,095 sf with a median price of RM730 psf; while the cheapest one is 3-bedroom / 1,910 sf with a median price of RM730 psf.