The Temasya Industrial Park is located next to the Glenmarie Golf and Country Club and Wisma DRB Hicom in Glenmarie, Shah Alam, Selangor. Developed by Temasya Development, there are fewer than 100 units of factories here.
According to the agent, SK Yeo from Esprit Estate Agent, the previous tenancy agreement had expired and the tenant had decided to move out from the premises.
The current tenant was looking for a bigger warehousing space for his business expansion. He also preferred the location in Glenmarie as his existing warehouse was also located in this area, he said, adding that the tenant sealed a three-year rental agreement with the owner.
“Therefore, this unit perfectly matched the demand of the current tenant's requirements at the right timing as the factories or warehouse units in Glenmarie are always limited in the market due to high demand in this area,” noted Yeo.
As at early Aug 2021, there were 302 rental listings of Shah Alam factories on EdgeProp.my, with an average asking monthly rent of RM48,410 or RM1.72 psf.
Meanwhile, there were 237 sale listings with an average asking price of RM589 psf or RM14.5 million.
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