sold for

RM8.1 million (RM811 psf based on land size)

DONE DEAL: Two-storey bungalow in Damansara Heights, Kuala Lumpur

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Damansara Heights, or also known as Bukit Damansara, is well-known as an upscale residential area surrounded by various amenities and easy accessibility via highways.

IQI Realty Sdn Bhd real estate negotiator Citta Cheng said the bungalow is built with high quality building materials. It comes with eight bedrooms – five of them with en-suite bathrooms. There are a spacious living area and an entertainment zone, which includes facilities such as a games room, sauna room, audio room and swimming pool.

“The bungalow house was sold with a tenancy of RM16,200 per month. It contributed to the buyer’s rental income immediately and the selling price was RM2 million lower than market value,” Cheng added.

All these advantages ticked the buyer’s list, who decided to seal the deal with the seller who was reviewing his asset portfolio.

According to EdgeProp Research, some 44 transactions of landed properties in Damansara Heights were recorded in 2019 with an average transaction price of RM4.61 million or RM833 psf based on land size, while 15 transactions were recorded in 2020 at an average price of RM5.25 million or RM832 psf based on land size.

As at mid-June, some 353 landed properties of Damansara Heights were listed on for sale. The average asking price was RM8.88 million or RM1,040 psf. Meanwhile, 37 landed properties were listed for rent with an average asking monthly rental of RM14,320 or RM1.71 psf.

Interested to buy a unit in Damansara Heights? Or click here for more property listings in Bukit Damansara. Click here to know more about Citta Cheng and potential good deals.

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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