DONE DEAL: Four-storey shopoffice in Taman Maluri, Cheras, Kuala Lumpur

Sold for: RM2.35 million

Concluded by: Casper Yee (REN 13384) of HASB Consultants (Selangor) Sdn Bhd (012-259 1812)

When: November 2016

Noteworthy:
● Leasehold, expiring in May 2076
● Land area: 1,760 sq ft
● Built-up area: 7,040 sq ft
● Intermediate unit
● Amenities: restaurants, mini markets, banks, shopping centres and future MRT station

Taman Maluri is one of the earliest housing estates in Cheras, Kuala Lumpur. This neighbourhood consists of landed and high-rise residential developments as well as commercial developments like shopoffices and shopping malls.

Located in Jalan Mahkota, Taman Maluri, this four-storey shopoffice is just about 1.2km away from Sunway Velocity and 1.5km to Ikea Cheras and MyTOWN as well as 6km away from Kuala Lumpur city centre.

According to Casper Yee from HASB Consultants who closed the deal, the buyer was looking for a shopoffice for his own use and was attracted to this unit as it is located in a strategic location with easy accessibility through Jalan Mahkota.

He said the seller decided to sell the unit as his business was progressively being wound down.

“Compared with the market price during the transaction period, which was between RM2.6 million to RM2.8 million, this is considered a good buy for the purchaser,” he said.

According to HASB’s data, the monthly rental for the ground floor of a shopoffice in Taman Maluri can range between RM5,500 and RM6,000 while the  upper floors’ monthly rental be between RM1,300 and RM2,700.

Available listings in TheEdgeProperty.com showed that the asking prices for four-storey shopoffices in the Taman Maluri area range from RM2.38 million to RM7 million (for a corner unit).

Interested to buy properties in Cheras? Click here.

Editor: To real estate agents — Have you just concluded an interesting deal? We would love to hear from you! Contact us at [email protected]