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DONE DEAL: 4-storey shoplot, Bandar Puteri Puchong, Selangor

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

Noteworthy:
Freehold
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

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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.

According to data from EdgeProp.my, the latest transaction of sales in Bandar Puteri Puchong saw nine units being sold for an average price of RM1,444 psf or RM3.56 million in 2019.

From 2015 to 2019, a total of 79 shoplots in Bandar Puteri Puchong changed hands, with the highest concluded price recorded at RM3.35 million or RM1,563 psf in 2017. 

Based on three listings on EdgeProp.my as at January 2020, the average asking price of the units was RM2,066 psf.

Interested to buy a unit in Bandar Puteri Puchong? Or click here for more property listings in Puchong​. Click here to know more about Joanne Soh and potential good deals.

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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