sold for

RM31 million (RM227 psf)

DONE DEAL: Factory at Sungai Penaga Industrial Park, Subang, Selangor

Concluded by: Danny Gan pro agent (REN 12196)
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Subang has always been a well-established and popular industrial property address as it is strategically located in the central region of Selangor and well-connected by major highways such as KESAS and LDP.

Propnex Realty Sdn Bhd property agent Danny Gan said factories and warehouses in the Sungai Penaga area are very popular. However, the supply has been limited.

“The Subang industrial estate is situated between KESAS and LDP, which is only 40km away from Port Klang. It is also surrounded by matured neighbourhoods,” Gan shared, adding that these were the main reasons that attracted his client, who was a Japanese manufacturer searching for a good location to set up a manufacturing plant.

Gan concluded the deal worth RM31 million in early May this year. The Japanese buyer had viewed no fewer than 15 factories before settling on this one, which fulfilled the specific requirement of a rectangle-shaped land.

“The shape of land was important for the client’s machinery-supply-chain planning. The client also liked that the asset had a large open yard,” he said.

Meanwhile, the seller was an investor who cashed out for the capital gain.

As at early Oct 2021, 14 factories/warehouses were listed for sale in The average selling price was RM19.6 million or RM539 psf.

Meanwhile, 13 factories/warehouses were listed for rent at an average monthly rental of RM59,846 or RM1.84 psf.

Interested to buy a unit in Sungai Penaga Industrial Park? Or click here for more property listings in Subang. Click here to know more about Danny Gan​ and potential good deals.

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