DONE DEAL: Warehouse at Jalan Bukit Kemuning, Selangor

Sold for: RM3.47 million (RM110 psf)

Concluded by: Vincent Lim (REN 19076) of Full Homes Realty Sdn Bhd (012-356 4138)

When: May 2016

Noteworthy:
• Freehold
• 31,635 sq ft
• One bathroom
• 5 minutes’ drive to Lebuhraya Kemuning–Shah Alam (LKSA)
• 3 minutes’ drive to Shah Alam Expressway (KESAS)

According to the negotiator, Vincent Lim of Full Homes Realty Sdn Bhd, the deal was closed mere days after the property listing was put up.

“The selling price is higher than what the owner asked for. The owner asked for RM100 psf and I believe for the location, size and condition of the warehouse, [the price] could have gone higher,” said Lim.

The deal closed at RM110 psf in mid-May this year.

According to him, he received calls from potential buyers one hour after he put up the listing.

“There are some other factories or semi-detached warehouses for sell nearby. However, for its condition, asking price and size, Jalan Bukit Kemuning is definitely the better choice, hence the good response,” Lim noted.

He shared that this warehouse was used as a storage by the vendor’s company. The vendor had recently decided to unlock the value of the space to improve his company’s cash flow.

According to TheEdgeProperty.com, as at end-May, there were 44 industrial property listings found at Jalan Bukit Kemuning. The average asking price for warehouses and factories along Jalan Bukit Kemuning stood at RM13 million (RM442 psf).

Interested in industrial properties in Jalan Bukit Kemuning. Click here.

Editor: To real estate agents — Have you just concluded an interesting deal? We would love to hear from you! Contact us at [email protected]