sold for

RM1.45 million (RM483 psf against built-up)

DONE DEAL: Two-storey shopoffice at Hicom-Glenmarie Industrial Park, Shah Alam, Selangor

Concluded by: Sk Yeo pro agent (PEA 2977)
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Hicom-Glenmarie Industrial Park in Section U1, Shah Alam, Selangor was developed by DRB-HICOM Bhd. This freehold light industrial park consists of factories, offices and shopoffices with built-ups ranging from 823 sq ft to 43,560 sq ft. It is a highly sought-after industrial park due to its easy accessibility to major highways, an important factor for industrial companies.

According to SK Yeo of Esprit Estate Agent Sdn Bhd, the buyer of this two-storey shopoffice was a property investor.  

He decided to buy over this unit as he was satisfied with the rental income and the good condition of the premises, said Yeo.

“As a property investor, a good return on investment is a major criterion in property investment,” said Yeo, adding that he was confident the property value would appreciate in the near future as well. 

For the seller, Yeo revealed he had owned the unit for several years and decided then it was a good time to let it go. 

“The owner had wanted to liquidate his assets for some time. However, he was never in a hurry to sell the property as he had been enjoying good rental income every month.” 

As of early-June 2022, eight industrial properties at Hicom-Glenmarie Industrial Park were listed for sale on with asking prices ranging from RM8.5 million to RM25 million or RM1,005 to RM1,923 psf against built-up. 

Meanwhile, there were three units listed for rental with asking monthly rates ranging from RM3,300 to RM126,800 or RM1.50 to RM2.30 psf against built-up.

Interested to buy a unit in Hicom-Glenmarie Industrial Park? Or click here for more property listings in Shah Alam. Click here to know more about SK Yeo and potential good deals.

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