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DONE DEAL: Plaza Sentral office unit, KL Sentral, Kuala Lumpur

Rented for: RM6,000

Concluded by: Carmen Lee (REN 12639, 012-207 3989) of Reapfield Properties (H.Q) Sdn Bhd

When: November 2019

Noteworthy:
Freehold
Built-up: 950 sq ft
Fully furnished
High floor
Facilities: 24-hour security, centralised air-conditioning, CCTV surveillance in public area, covered parking, lobby reception, fibre optic backbone and high-speed broadband.
Nearby amenities: LRT, MRT, KLIA Transit and KTM; hotel, shopping mall and various F&B choices, clinic and banks.
Easy access to main roads and highways such as Jalan Damansara, Jalan Travers, Jalan Syed Putra and Lebuhraya Sultan Iskandar, around 10km to KL city centre and 5km from Mid Valley.

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KL Sentral is an iconic integrated development and  transportation hub in Malaysia. The development consists of office towers, serviced residences, hotels, shopping mall and retail spaces.

It is the transit hub for the LRT, Monorail, KTM Kommuter, KTM Intercity and the ERL.

Plaza Sentral is located in KL Sentral and is home to IT businesses as it has MSC Cybercentre status.

The project is by KL Sentral master developer Malaysian Resources Corp Bhd (MRCB). The seven-block project offers a net lettable area of more than 1.6 million sq ft, according to the developer’s website.

Carmen Lee from Reapfield Properties (H.Q) Sdn Bhd who concluded the rental said KL Sentral is among the most sought after address by business operators for its transport convenience and proximity to many multinational companies with offices in KL Sentral.

The two-year rental deal for the 900 sq ft office unit is around RM6.60 psf per month which she said is a reasonable price for a unit of that size. “It is well-maintained and comes with built-in cabinets and furniture. The owner also slightly refurbished the unit to suit the tenant’s needs,” she added.

The tenant liked the location within the transportation hub and the fact that the company could easily meet clients at KLIA with just a 30-minute ride on the ERL or an MRT/LRT ride to around Klang Valley.

As at January 2020, there were 40 rental listings for office units in Plaza Sentral on EdgeProp.my asking for an average rent of RM23,055 or RM5.28 psf while there were 22 sale listings with the average asking price at around RM5.07 million or RM1,074 psf.

EdgeProp.my data showed that one office unit was sold for RM2.3 million or RM851 psf in 2019 while eight units were sold at an average transacted price of RM2.9 million or RM888 psf in 2018.

Interested to buy a unit in Plaza Sentral?  Or click here for more property listings in KL Sentral​. Click here to know more about Carmen Lee and potential good deals.

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