M Residence is a freehold mixed township development located in Rawang, Selangor. Developed by Mah Sing Bhd, the 225.7-acre guarded community offers residents a clubhouse, canal garden, jogging tracks and recreational facilities.
According to Yijo Phoon, the real estate agent of IQI Realty Sdn Bhd, M Residence is strategically located in Rawang. It is 30 minutes to Damansara and 45 minutes to Kuala Lumpur city centre.
He said that the seller had already renovated and extended the kitchen and backyard. He was selling the unit as he decided to move into a condominium for easy maintenance.
Meanwhile, the buyer liked the unit as it was priced below market value and he could save on renovation cost as the kitchen was nicely done up, he shared.
According to EdgeProp Research’s data, the average transaction price of M Residence was RM504,800 or RM315 psf in 2020. In 2019, the average transacted price was RM644,303 or RM365 psf.
As at June 2021, some 82 units of M Residence were listed for sale on EdgeProp.my with an average asking price of RM563,850 or RM327 psf. Meanwhile, there were two units listed for rent at an average asking monthly rental of RM1,350 or RM0.82 psf.
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