DONE DEAL: Boutique office, Old Klang Road, Kuala Lumpur

DONE DEAL: Semidee house, Taman Taming Indah, Selangor

DONE DEAL: Semidee factory, Semenyih, Selangor

Commercial real estate remains the sector with the highest average transaction prices at RM1.9 million or RM935 psf based on the latest data from surrounding areas along Old Klang Road, including Taman Desa and Taman Danau Desa. Prices may see more growth along Old Klang Road.

According to Victor Lim (REN09135) (019-280 2788) of PropNex Realty, the owners were looking to capitalise on their investment. The prime location along Old Klang Road, reasonable pricing, as well as a slew of exclusive features like a private lift lobby and naming rights, drew the buyer to the property.

As of March 2024, there are a total of seven commercial listings on EdgeProp for sale at Southbank, along Old Klang Road. The average asking price is RM29,763,320.57 or RM780.50 psf, with an average mortgage of RM137,321.71 per month. As for rentals, there are a total of 12 listings, with an average monthly rental of RM33,091 or RM3.20 psf.

Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!