DONE DEAL: Serviced apartment, Shaftsbury Avenue, Putrajaya, Selangor

Rented for: RM1,700 per month (RM2.50 psf)

Concluded by: Mohd Waqiyuddin (REN 17029)(018-350 2456) of CBD Properties Sdn Bhd

When: March 2020

Noteworthy:
● Freehold
● Built-up: 686 sq ft
● 2 bedrooms; 1 bathroom
● Fully furnished
● Facilities: A 56m rooftop infinity pool, gym, BBQ pit on a 3-acre amenities deck
● Accessible via highways including the Lebuhraya Damansara-Puchong and Maju Expressway
● Has a direct link bridge to Alamanda Shopping Centre which has AEON Big, shops and restaurants

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Shaftsbury Avenue is the first freehold integrated development in Putrajaya. Located in Precinct 1, it was completed in 2018. The development comprises two blocks of serviced apartments with five-storeys of retail shop lots. The project was developed by Ikhasas Group and Putrajaya Holdings.

According to Mohd Waqiyuddin from CBD Properties, who concluded the rental deal, the tenants are a husband and wife who are Master’s students at Universiti Putra Malaysia in Serdang. The husband is also working at the Ministry of Health Malaysia in Putrajaya.

“The owner decided to give a lower rent as they were tenants with a good background,” said Waqiyuddin, adding that the asking rental for similar units in the area usually ranges between RM1,800 and RM2,000 per month. Furthermore, the unit came fully furnished.

Although the deal was closed during the Movement Control Order (MCO) period, he added that there was no hassle as both parties were happy with the condition of the unit and the rental price offered.

“Even the stamp duty to be paid to the Inland Revenue Board of Malaysia could be processed online during the MCO period,” he added.

Meanwhile, the owner of the unit is an investor looking for rental income.

As at mid-June 2020, there were seven Shaftsbury Avenue units listed for rent on EdgeProp.my with the average asking price at RM1,786 or RM2.95 psf.

Meanwhile, there were four units for sale asking for an average RM628 psf or RM467,750.

In 2019, three units exchanged hands at an average price of RM781 psf translating to RM538,333.

Interested to rent a unit in Shaftsbury Avenue? Or click here for more property listings in Putrajaya. Click here to know more about Mohd Waqiyuddin and potential good deals.

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