Rented for: RM11,000 per month (RM2.60 psf)
Concluded by: Joanne Soh (REN 13124, 012-297 6506) of CBD Properties Sdn Bhd
When: November 2019
● Built-up: 4,200 sq ft
● Corner unit
● MSC Cybercentre status
● Facilities: Car park, 24-hour security, landscaped garden and water feature
● Easy access to Jalan Lapangan Terbang Subang, Federal Highway and New Klang Valley Expressway
● Close to LRT station
Developed by Sime Darby Brunsfield Holding Sdn Bhd, Oasis Square is part of the 82-acre Oasis Damansara in Ara Damansara, Petaling Jaya, Selangor. The freehold development comprises offices, serviced residences and a lifestyle centre.
Oasis Square is the commercial hub of the mixed development. Joanne Soh from CBD Properties Sdn Bhd, who concluded the deal, said Oasis Square consists of corporate office towers, shopoffices, retail shops, serviced apartments and a Central Piazza that features a floating stage, al fresco boulevard that hosts a wide range of cafes, restaurants and unique shops.
It is popular among business owners for its location and easy accessibility as well as the wide range of amenities within the development and the surrounding area.
“There is a population catchment of over 60,000 in Ara Damansara and neighbouring areas such as Tropicana, Saujana and Shah Alam. Oasis Square is also known for its beautiful landscaping and comfortable environment,” she added.
This 4,200 sq ft office unit in Oasis Square was leased to a technology startup company for a monthly rental of RM11,000. The tenant liked the location as it has easy access to highways and is close to the Ara Damansara LRT station, Soh said.
“Another plus point is that the unit comes fully-furnished with basic fittings with no need for renovation,” she added.
The owner rented this unit out as his business expanded, so he moved to a larger unit. "He was happy to see his property secure a long term lease of two years (with a renewal option for another two years)."
There were a total of 22 rental listings of office units at Oasis Square on EdgeProp.my as of early March 2020 with an average asking rent of RM7,686 per month or RM2.99 psf. There were also 21 sale listings asking for an average RM1.57 million or RM632 psf.
From 2015 to 2018, 59 office units were sold at prices ranging between RM656 and RM742 psf. For 2019, EdgeProp.my data showed one transaction concluded with a price tag of RM1.2 million or RM652 psf.
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