Sold for: RM3.3 million (RM1,650 psf based on built-up size)
Concluded by: Joanne Soh of CBD Properties (REN 13124, 012-297 6506)
When: November 2019
● Land area: 24 ft by 80 ft
● Built-up: 2,000 sq ft
● Currently tenanted at RM12,300 a month by reputable tenants such as MR. DIY
● Close to amenities such as banks, specialists centre, travelling agency, hotels and eateries
● Located next to Lebuh Puteri, the main road that has access to LDP
Developed by IOI Group, Bandar Puteri Puchong is a freehold township fronting Lebuhraya Damansara-Puchong (LDP) highway. It is served by four new light rail transit (LRT) stations: IOI Puchong Jaya, Taman Perindustrian Puchong, Bandar Puteri Puchong and Pusat Bandar Puchong.
According to CBD Properties’ real estate negotiator and team leader Joanne Soh, who concluded the deal, the buyer of this shoplot was renting another one on the same row and stumbled across this unit for sale.
This unit was commanding a higher rental than the one he was renting so the buyer decided it was a good idea to purchase it for rental income. He also retained the same tenant.
Located at the well-established commercial area in Bandar Puteri Puchong, surrounded by various popular eateries and amenities, this four-storey shoplot was valued at RM3.6 million by the bank so the buyer got a good deal at RM3.3 million.
"The previous owner thought it was a good time to cash out now and invest in industrial land instead,” Soh told EdgeProp.my.
Based on three listings on EdgeProp.my as at January 2020, the average asking price of the units was RM2,066 psf.