Sold for: RM8.75 million
Concluded by: Royston Lau (PEA 1570, 016-221 9389) of Maxland Real Estate Agency
When: April 2019
● Land size: 85,756 sq ft
● Commercial development land
● Easy access to North South highway and Persiaran Utama, less than 4km to Bandar Baru Nilai and around 25km to KLIA
● Nearby amenities include Tesco Putra Nilai, fast food restaurants, banks, supermarkets and eateries.
Situated close to Bandar Baru Nilai, Pusat Bandar Putra Point is a commercial area with robust business activities. Nearby are Tesco Putra Nilai shopping centre, Giant superstore and Nilai Square commercial centre.
According to Royston Lau of Maxland Real Estate Agency, Bandar Baru Nilai who concluded the deal, Pusat Bandar Putra Point is an upcoming business centre in Nilai where many companies have set up operations including Aeon Shopping Mall.
This land which was sold in mid-April previously belonged to an investor who had planned to develop the site.
“But he has since retired and his children did not want to continue with the development plan,” Lau told EdgeProp.my.
“This is a good deal for the buyer as this is a freehold land that comes with commercial development status, which means it is ready to be developed and does not require any conversion process,” said Lau.
“The land was sold for RM8.75 million or an average RM102 psf, which is considered a good buy,” he added.
There was no available data on EdgeProp.my for commercial land transactions in Nilai but the average asking price based on listings as of mid-October was around RM60 to RM68 psf for larger plots of above 10 acres.