DONE DEAL: 2.5-storey bungalow, Damansara Heights, KL

Sold for: RM6 million

Concluded by: Shawn Fernandez (E 2445) of Fernstate Sdn Bhd (016-288 1251)

When: September 2017

Noteworthy:
● Freehold
● Built-up area of 6,000 sq ft
● Land area of 10,000 sq ft
● 5+1 bedrooms
● 6 bathrooms
● Partly furnished with appliances, curtains, blinds, and air-conditioning units

According to the agent who closed the deal, the seller and buyer are Malaysians.

“The seller is an investor who was previously renting the unit to an expatriate working in Shell for RM13,500 per month while the buyer is buying this home for his family and will be staying in it,” said Shawn Fernandez of Fernstate Sdn Bhd who concluded the deal.

Located on Lorong Damansara Endah, Damansara Heights, it is an attractive area to both locals and expatriates because it is highly accessible via highways and roads such as Jalan Semantan, Jalan Damansara, Sprint Highway and the Penchala Link. It is also close to plenty of amenities such as the Bangsar Shopping Centre, Bangsar Village I and II and Damansara City Mall.

Fernandez also noted that there was a transaction a of 3-storey bungalow with a built-up of 6,017 sq ft and land area of 11,800 sq ft at Lorong Jarak, Damansara Heights. It was sold for RM12 million in July this year.

Another transaction which took place earlier this year was a 2.5-storey bungalow located on Persiaran Bruas, Damansara Heights. The property with a built-up area of 3,132 sq ft and a land area of 5,513 sq ft was sold for RM4.55 million.

According to data from EdgeProp.my, the average transacted price of a detached home in Damansara Endah is RM3.95 million as at 1Q17. There were no transactions recorded after this period.

Meanwhile, the average asking price of a typical detached home in the same area is RM8 million while the average asking rental is RM15,000 as at 4Q17. The indicative asking rental yield is not immediately available.

Interested to buy properties in Damansara Heights? 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]