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DONE DEAL: Double-storey terraced house, Eco Majestic, Semenyih, Selangor

Sold for: RM745,000

Concluded by: Elvie Ho (REN 22102) of Reapfield Properties KL Sdn Bhd (012-303 3788)

When: August 2019

Noteworthy:
● Freehold
● Project site: 50.82 acres with 586 units
● Land area: 1,650 sq ft
● Built-up: 2,683 sq ft (22 ft x 75 ft)
● Unfurnished
● 4 bedrooms and 4 bathrooms
● Amenities: AEON Mall (opening in 2020), Tesco Extra at Jalan Semenyih, Tenby International School (at Setia Ecohill), direct accesses via Lekas Highway from two intersections: Semenyih Interchange (from north via Setia Ecohill) and Eco Majestic Interchange (from south), 15 minutes to Kajang MRT station, 15 minutes’ drive to Bangi, 35 minutes’ drive to Kuala Lumpur, about 10 minutes away from Broga Hill and Nottingham University

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Developed by Eco World Development Group Bhd (EcoWorld), Eco Majestic is a 1,089 acre township in Semenyih, Selangor. The sold unit is part of the Merrydale series (Type 8D) with a built-up of 2,683 sq ft.

The entire Merrydale project site is 50.82 acres with a total of 586 units of Straits era-inspired, two-storey terraced homes with colonial style architecture.

Some parts of the Merrydale precinct are dedicated to green open spaces such as a central park and linear park that doubles as a back garden for the houses. It is also flanked by two recreational lakes.

The Eco Majestic township is well connected via several highways such as the Cheras-Kajang Highway, Sistem Lingkaran-Lebuhraya Kajang Highway (SILK), Kajang-Seremban Highway (Lekas) and the North South Highway (PLUS). The dedicated Lekas-Eco Majestic Interchange provides additional entry into the township.

Reapfield Properties KL’s negotiator Elvie Ho who concluded this sale said the buyer was captivated by the environment at Eco Majestic. The buyer also liked the good security as it has its own auxiliary police office force patrolling the area around the clock.

“Furthermore, it was a good deal as the unit was sold below the developer sale and purchase agreement price of about RM820,000 back in 2016.

“The seller needed to offload this house quickly as he wanted to purchase another property in Petaling Jaya as his children are studying there,” Ho said.

According to him, Eco Majestic will become much more desirable with the opening of AEON Eco Majestic in 2020.

“At Merrydale, about 60% of owners  have already moved in. Plus, the Setia Ecohill Taipan commercial hub has already begun operations. So, this is the right time to purchase a home here,” he said.

Based on data obtained by EdgeProp.my, there were six transactions of Eco Majestic terraced homes in the first quarter of 2019. These transactions have an average transacted price of RM689,167.

For the second quarter, one terraced home was sold for RM570,000. For the whole of 2018, 20 terraced homes were transacted at the average price of RM696,900.

As at August 2019, there were 12 sale listings for Eco Majestic Merrydale homes on EdgeProp.my with asking prices ranging from RM650,000 to RM1,200,000.

There were also four rental listings with an average rent of RM1,550 per month or RM0.71 psf.

Interested to buy properties in Semenyih, Selangor? Click here.

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Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
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