sold for

RM10,529,053.50 (RM240.52 psf)

DONE DEAL: Factory, Gelang Patah, Johor

Concluded by: Ronald Lim pro agent (REN 27232)
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Industrial properties around Gelang Patah, Johor, saw a 40.8% price increase between 2022 and 2023, a trend that is continuing in 2024. The area is experiencing major development, with 976.2 acres of surrounding land being used for projects under construction. A further 870.14 acres is being set aside for proposed developments. (Source: EPIQ)

According to Ronald Lim (REN 27232) (018-328 1131) of Hartamas Real Estate (Malaysia), a foreign company was looking for a property to be used for medium industry. They found this factory to be at below market price, well-equipped, and close to a number of checkpoints, making it suitable to conduct international trade.

As of April 2024, there are a total of 65 industrial listings on EdgeProp for sale around Gelang Patah, with an average asking price of RM13,907,654.80 or RM410.90 psf. As for rentals, there are 38 listings with an average monthly rental of RM159,836.70 or RM16.50 psf.

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Ronald Lim pro agent
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