Ampang Point Commercial Centre is a vibrant commercial centre located in Ampang, fronting the busy Jalan Ampang, Kuala Lumpur. It is right next to the Ampang Point Shopping Centre and KPJ Ampang Puteri Medical Centre, while nearby are many residential developments including M-City Residences, Arte Ampang and One Ampang Avenue.
According to Dynamic Realtors real estate negotiator Michael Wong, the buyer was attracted to the good rental yield of the property, and signed the deal even though it was during the full movement control order in August.
“The unit was fully tenanted and provided a stable rental to the owner, which met the buyer’s requirements as he was looking for passive income,” Wong said, adding that the buyer also liked the unit’s strategic location in Ampang.
Meanwhile, the owner decided to cash out as he reckoned that the timing was right.
As at October 2021, four shop units in Ampang Point Commercial Centre were listed for sale on EdgeProp.my. The average asking price was RM6.3 million or RM521.69 psf. Meanwhile, eight units were looking for tenants at an average asking monthly rental of RM12,025 or RM3.25 psf.
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