Justin Lim (REN 39795) (011-2610 1840) of CID Realtors, who concluded all three deals for the three consecutive units in the building, said the units were rented out after being vacant for an extended period of time.
“The tenant liked each unit particularly due to renovations carried out and the good feng shui,” Lim said.
Lim also added that the deals were considered good because all three units were rented out together and he was able to negotiate a rental value of below RM5,000 for each unit, which was very difficult since the rental market rate for each unit was at least RM5,000.
“Other than that, I feel these deals were good because I was able to help the owner rent the unit (60-4) while the landlord’s staff were very helpful in terms of assisting me in renting the other units out,” Lim revealed.
As of end-September 2022, there were six for-sale listings for the commercial units at Fraser Business Park on EdgeProp.my with an average asking price of RM16,000,000 or RM1,274.91 psf. Meanwhile, there were 10 rental listings with an average monthly rent of RM3,299.9 or RM2.49 psf.