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DONE DEAL: Bungalow, Taman Shanghai, Old Klang Road, KL

Sold for: RM4 million (RM417 psf against land size)

Concluded by: Neville Peter Massang (REN 24547) (012-201 9216) of I-Prop Realty (USJ) Sdn Bhd

When: May 2020

Noteworthy:
Freehold
Land size: 9,583 sq ft; Built-up size: 4,094 sq ft
6 bedrooms; 5 bathrooms
Partly furnished with ceiling fans, lightings, curtains, kitchen cabinets and wardrobes.
Amenities: Convenience store, banks, petrol station, supermarket, F&B, public park, 5-km from Mid Valley Megamall and Bangsar South, as well as 20km to Kuala Lumpur city centre
Easy accessibility via Federal Highway, North-South Expressway, Sungai Besi Highway

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Taman Shanghai is one of the oldest landed housing developments located along the bustling Old Klang Road, Kuala Lumpur. It comprises mostly single-storey terraced houses and some bungalows and semidee houses.

Real estate negotiator from I-Prop Realty (USJ) Sdn Bhd Neville Peter Massang told EdgeProp.my that although there is demand for landed homes in Taman Shanghai, there is very limited supply of secondary houses as most of the units are owner-occupied.

In his recently concluded deal, the previous owners inherited the house from their late mother and decided to let go of the unit as they do not intend to occupy it.

The freehold property faces Old Klang Road, making it an ideal location to run a business, said Massang, adding that many offers were received after the property was put up for sale.

The buyer likes the location and the spacious house as he intends to turn the bungalow into an office and showroom.

According to EdgeProp Research, two terraced houses in Taman Shanghai were transacted at RM530,000 (or RM302 psf against land size) and RM750,000 (or RM315 psf against land size) in 2019.

As of August, there is only one unit on the sales listing for Taman Shanghai in EdgeProp.my. The bungalow house is asking for RM2.6 million or RM273 psf against land size. There is no property in Taman Shanghai for rent at the moment.

Interested to buy a unit in Taman Shanghai? Or click here for more property listings in Old Klang Road. Click here to know more about Neville Peter Massang and potential good deals.

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