Sold for: RM500,000 (RM172 psf based on land area)
When: July 2020
● Land area: 2,906 sq ft; Built-up: 2,200 sq ft
● 4-bedroom; 3-bathroom
● Unfurnished corner lot with a bus stop located right beside the house
● Amenities nearby: Pasar Raya CS Tun Perak Cheras, Giant Hypermarket Cheras and AEON Big Tun Hussein Onn, Cheras Sentral Mall, EkoCheras Mall, Cheras Leisure Mall, eateries and schools. MRT Taman Suntex and Taman Connaught stations are located about 5km away.
● Accessible via Jalan Temoh, Cheras-Kajang Expressway, Kajang SILK Highway and Salak Expressway.
According to Elvie Ho from Reapfield Properties HQ Sdn Bhd, proximity to various amenities is the main reason that attracts buyers as residents could get their daily necessities within walking distance or within a short drive to a number of shopping malls.
The area is mainly served by bus routes, while the MRT Taman Suntex and Taman Connaught stations are situated roughly 5km away. From Taman Suria Jaya, it takes less than 30 minutes by car to Kuala Lumpur city centre.
Ho noted that although the condition of the building is not at its best state, the buyer who is looking for an own-stay unit and likes the mature location and large land area.
The property was put up for sale seven months ago at an asking price of RM580,000, before the seller received an offer from the buyer at RM500,000.
“The seller decided to accept the offer, considering the government’s announcement of Real Property Gains Tax (RPGT) exemption for residential properties sold between June 1, 2020 and Dec 31, 2021. For buyers, this is a very good deal as the price is the same as an intermediate unit,” Ho explained, adding that the seller was hoping to cash out and invest in other properties.
According to data from EdgeProp Research, there were four terraced houses sold in Taman Suria Jaya in 2019, with an average price of RM550,500 or RM280 psf. No transaction was recorded in 2020.
Meanwhile three units of terraced houses are looking for buyers on EdgeProp.my, with the average asking price at RM653,333 or RM433 psf.
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