RM36,000 (RM2.63 psf)
Elmina Business Park, Selangor factory rented for RM36k | DONE DEAL
(REN 01200) 0168061119
Ijok, Selangor industrial land sold for RM6.28m | DONE DEAL
Sunway Avila Residences, Kuala Lumpur serviced apartment unit sold for RM530k | DONE DEAL
Serai Bukit Bandaraya, Kuala Lumpur condo unit sold for RM7.3m | DONE DEAL
Based on a 1km radius from the point of Elmina Business Park, the average transacted price of industrial properties has steadily increased to RM5.6 million (RM500 psf) in 2024 from RM4.5 million (RM401 psf) in 2023. Industrial land spans approximately 81.10 acres, or 31.08% of the area (source: EdgeProp EPIQ).
According to Peter Tang (REN 01200) (016-806 1119) of The Roof Realty Sdn Bhd, the tenants were drawn to the semidee factory because of its environment, spacious layout, and convenient access to the Guthrie Corridor Expressway, noting that they managed to secure a reasonable rental rate. The owner was renting out the property as he bought it for investment purposes.
As of the first week of October, based on 100 sale listings for commercial properties on EdgeProp in Elmina Business Park, the average asking price was RM13,410,986.82 or RM778.70 psf, based on built-ups ranging from 6,300 to 13,800 sq ft. For rentals based on 100 listings, the average asking rate stood at RM28,513.74 or RM2.8 psf, based on built-ups ranging from 6,000 to 13,760 sq ft
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
