Rented for: RM18,000
Concluded by: Brandon Ann (REN 19897, 012-215 6317) of MIP Properties and Ahmad Firdaus (REN 15800, 016-217 9896) of Nilai Harta Consultant
When: December 2017
● Land area: 22,200 sq ft
● Built-up area: over 10,000 sq ft
● 9 + 1 bedrooms and 9 bathrooms
● Partly-furnished with water heaters, lamps, kitchen cabinets, ceiling fans, curtains and air-conditioning units
● Facilities include swimming pool, guest house, entertainment hall and garden
This large house is in Damansara Heights, an established suburb that features landed homes, office towers, shoplots, and various amenities. The prestigious neighbourhood is a mere 15 minutes’ drive from Kuala Lumpur’s city centre.
It is a very sought-after area due to its strategic location, which is easily accessible via various highways and major roads such as Jalan Tuanku Abdul Halim, SPRINT Highway, Jalan Duta-Sungai Buloh Highway and the Kerinchi Link.
According to Brandon Ann of MIP Properties, who co-brokered the deal, the 4-storey bungalow is more than 30 years old, but it is a well-maintained property that combines rustic and contemporary designs.
The house, which is owned by a local businesswoman, is rented to a local association as their working space for RM18,000 per month. This is in line with the average market rental of RM15,000 to RM20,000. The one-year tenancy started from Jan 1, 2018.
“The house is old but it has its own character and it is very hard to find a similar unit with this kind of layouts and design in this area, so when the tenant saw this house, they liked it very much,” Ann told EdgeProp.my.
He added that the bungalow fits all the association’s needs, especially its spacious built-up of more than 10,000 sq ft that allowed them to turn it into a working space, so they immediately decided to rent it after viewing the property.
Based on the 179 rental listings on EdgeProp.my, the average asking rental price for bungalows at Damansara Heights is RM14,288 or RM2.46 psf per month, while the average asking price is RM8.21 million per unit, according to 453 sales listings, as at Feb 21. This translates into an indicative rental yield of 4.3%.
Editor: To real estate agents — Have you just concluded an interesting deal? We would love to hear from you! Contact us at [email protected]
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