RM1.1 million (RM667 psf against land size)
DONE DEAL: Two-storey terraced house at Ara Damansara, Selangor
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Developed by Sime Darby Bhd’s subsidiary Sime Pilmoor Development Sdn Bhd, the 762-acre Ara Damansara is well-connected to various business hubs in the Klang Valley, making it one of the most sought after locations for homebuyers.
According to Carmen Lee of Reapfield Properties (HQ) Sdn Bhd, the previous owners let go of the two-storey terraced house as they were right-sizing their home to a condo with more facilities.
It was a win-win deal as the seller managed to sell off the unit in accordance to the market value while the buyer found a unit that met all his criteria. In fact, the latter made an offer within a day after viewing.
Lee said that the buyer, comprising a family of five, had been house-hunting since Sept 2020 for a landed property in a guarded community because it felt more secure and safer.
“They were living in a landed house previously but they wanted a gated-and-guarded neighbourhood which their previous neighbourhood lacked,” she added.
What the buyer really liked about the unit was that it was particularly well-maintained and stood out among other units in the area. As the previous owner had also renovated some parts of the house, the buyer felt that the move-in cost would be minimal and hassle-free.
According to EdgeProp Research, an average transacted price of RM1.21 million or RM693 psf in 2019 were recorded for a total of 22 units of terraced houses in Ara Damansara. In 2020, 15 units of terraced houses were sold at an average transaction price of RM1.36 million or RM657.40 psf.
As at June 2021, a total of 68 units were listed for sale in EdgeProp.my with an average asking price of RM1.47 million or RM705 psf while there are nine units listed for rental with an average asking price of RM4,222 or RM1.14 psf.
Interested to buy unit in Ara Damansara? Or click here for more property listings in Petaling Jaya. Click here to know more about Carmen Lee and potential good deals.
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