According to Lily Mohd from Gather Properties, the owner had been looking for a buyer to cash out the investment on this shophouse, while the cash-rich buyer, seeing the investment potential of a shophouse in Bandar Baru UDA, decided to buy the unit.
“The buyer told me that he would rather put his money in this property as it had a high rental yield of almost 7.18% even during the pandemic time. This is because Bandar Baru UDA has limited commercial property supply. The buyer believed the investment would make more profit than keeping his money in the bank as the interest rate is much lower now,” she said.
As at Feb 2021, there were three shoplot rental listings of Bandar Baru UDA on EdgeProp.my, with an average asking monthly rental of RM2,667 or RM1.57 psf.
Meanwhile, the sales listing is not available on EdgeProp.my at the moment.
The latest available transacted data of Bandar Baru UDA shoplot from EdgeProp Research were in 2019. Some 11 units exchanged hands at an average price of RM1.33 million, which translated to RM665 psf.
Planning to buy or sell a home? With EdgeProp's FREE transacted price tool, you can check past transaction prices for any property by name or area and make an informed decision.
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