Eugene Pang from Arden Estates said the owner purchased the unit for investment, but the brand new unit had remained vacant for the past five years. Only until recently, the owner decided to refurbish the unit and rent it out.
One month after the renovation was done, the rental deal was sealed despite the pandemic times.
The tenants, who had been looking for a spacious landed home, liked the newly refurbished unit and decided to sign the tenancy agreement the next day after viewing. They were also the first tenant who viewed the unit.
“This house has a modern design, private pool and five bedrooms, which fits the tenant's first few requirements,” said Pang.
Although there were no transactions this year and last year, bungalows here were sold at RM437 psf or RM3.74 million in 2019.
As at April 2021, there were two sale listings for bungalow houses at Taman Nadayu on EdgeProp.my, with average asking prices of RM5.5 million or RM690 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.
Get the latest news @ www.EdgeProp.my
Subscribe to our Telegram channel for the latest stories and updates