Sold for: RM1.8 milllion (RM1,018.09psf)
Concluded by: Jessica Tung (REN 05827) (012-381 7783) of Propnex Realty Sdn Bhd
When: November 2019
● Freehold intermediate unit
● Built-up: 1,768 sq ft
● Two bathrooms
● Amenities nearby: Morning market, post office, banks, schools, food court, sports centre and various restaurants within walking distance; around 14km to MyTown Shopping Centre in Jalan Cochrane, Kuala Lumpur; 20km from KLCC, less than 1km walking distance to Batu 11 Cheras MRT Station and around 2km to Bandar Tun Hussein Onn MRT station
● Easy access to Cheras-Kajang Expressway (CKE) and Kajang dispersal Link Expressway (SILK)
Taman Indah is a freehold housing estate in Batu 11, Cheras, Selangor with a mix of residential properties and shop lots (choices of two and three-storey). In terms of location, Batu 11 is close to Balakong, Cheras Perdana and Bandar Tun Hussein Onn. Residents in Taman Indah could access two MRT (mass rapid transit) stations, namely Batu 11 Cheras MRT Station and Bandar Tun Hussein Onn MRT station.
Jessica Tung from Propnex Realty Sdn Bhd, who concluded this deal, said Taman Indah is a mature housing area and the shop areas are always packed with people, especially the shops that are near the morning market and schools.
This shop unit fronts the main road of Taman Indah, close to banks, schools and a hospital.
According to Tung, both seller and buyer are property investors – one wanted to cash out while the other was looking to own a property in a mature area for rental income or for his own business use.
“This shop met the buyer’s requirements in terms of its location within a high traffic area. The price was within his budget as well,” she added.
EdgeProp.my data showed that there were six transactions concluded in the area from 2015 to 2018, with prices ranging from RM800,000 to RM1.7 million, or RM380 to RM963 psf.
Online available listings showed that shop lots in Taman Indah were selling around RM1.9 million to RM2.2 million, or RM1,079.55 to RM1,478.50 psf.
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