DONE DEAL: Link house at Almira 28, Damansara Damai, Selangor

Sold for: RM1.5 million

Concluded by: Yip Zhen Hao (REN 18453) of Cornerstone Realty (016-338 9152)

When: September 2016

Noteworthy:
● Leasehold
● Unfurnished 2.5-storey super link house
● Built-up: 3,792 sq ft
● Low density with only 28 units
● 5+1 bedrooms, 6 bathrooms
● Vacant brand new unit
● Completed end of 2015

Developed by OSK Property Holdings, Almira 28 is low-density superlink house project located in Damansara Damai, which was completed and handed over end of 2015.

“The seller is an investor. He held back on selling this vacant brand new unit for a few months hoping that the price could go higher. However, given the weak market conditions, he chose to let go at RM1.5 million in September, which was slightly below the market price of RM1.55 million at that time,” said Yip Zhen Hao of Cornerstone Realty who concluded the deal.

He added that the current market price for Almira 28 is RM1.45 million. “So, he made the right decision to let go the house earlier.”

Despite the weak market condition, Yip also felt that the location of the project is another factor for the stagnant price growth.

“If you are familiar with Damansara Damai, you will know there is only one entrance to the area. Meanwhile, Almira 28 is located at the furthest point from the entrance,” he said.

The buyers are a couple with three children. “They grew up in Sungai Buloh, which is next to Damansara Damai, and were looking for a bigger house for their growing kids, as well as a home with a guest room for their parents.”

Yip said the couple also liked the house number. “In fact, that was the main reason they made the purchase decision.”

According to listings on TheEdgeProperty listings, the average asking price for Almira 28 is RM1.8 million. There were no transactions recorded yet in the database.

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