Located within one of the matured housing estates in Kuala Lumpur, Taman OUG comprises a broad mix of residential and commercial developments.
CID Realtors Sdn Bhd real estate negotiator Joseph Tin Kok Hua said although the bank valued the property at RM850,000, a 12% discount was negotiated.
He added that the buyers chose this property with convenience in mind and would like to make this their retirement home due to its proximity to their son’s home and the Taman OUG market.
According to EdgeProp’s research data, 32 terraced houses were sold in Taman OUG for an average price of RM843,969 or RM507 psf in 2019. Last year, 12 units were sold for an average price of RM817,333 or RM418 psf.
As of April this year, 126 terraced house were available for sale with an average price of RM1,090,556 or RM487.16 psf while 32 units were listed for rent with an average rate of RM2,209 per month or RM1.07 psf.
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