Reapfield Properties Sdn Bhd real estate negotiator Jennifer Yap said the buyer was looking for a highland that was not too far away from Kuala Lumpur to build his vacation and future retirement home. Tanarimba is around 45 minutes’ drive from KL city centre.
“The buyer liked Tanarimba for the cool fresh mountain air and comfortable average temperature,” she added.
Meanwhile, the seller had decided to move and stay overseas permanently, hence he decided to dispose of his properties in Malaysia.
“Understanding the current sluggish market condition, the seller was willing to reduce the asking price to RM1 million,” said Yap, who specialises in Tanarimba real estate market, adding that plots in Tanarimba transacted at a range of RM18 to RM19.35 psf.
For the prime plot with undulating views of the mountains, skies and clouds, the selling price was above RM20 psf a year ago. The land also has gentle terrains, which means the buyer has more usable land on his plot. Therefore, it was a steal for the buyer.
As of early January, there are three plots up for sale in EdgeProp.my with an average asking price of RM875,000 or RM15.6 psf.
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