DONE DEAL: 1-storey semi-detached house at Happy Garden, Old Klang Road, Kuala Lumpur

Sold for: RM1.145 million

Concluded by: Paige Wong of One Sunterra Properties (REN 04317) (012-316 1133)

When: July 2016

Noteworthy:
● Freehold
● Land area 3,200 sq ft
● Three bedrooms, two bathrooms

According to the agent, Paige Wong of One Sunterra Properties, the property is located on Jalan Jiran within the established neighbourhood of Happy Garden at Old Klang Road with amenities and services easily available in this 40-year-old neighbourhood.

“Besides the ample choice of amenities, this strategic and convenient location is just a 10-minute drive to the Kuala Lumpur city centre and Petaling Jaya Old Town. Over the last few years, there has been a steady stream of buyers purchasing landed houses in this neighbourhood,” said Wong, adding that demand has been favourable due to the limited supply of landed homes in the locality.

“Some buyers wanted to be close to their parents and families who are staying nearby in the Kuchai and Taman OUG areas,” she said.

Due to the fact that this house is quite old, Wong noted that there is no available built-up size in the land title. The new owner will also need to do major renovation works on the property, she said.

Wong added that only Jalan Jiran offers single-storey semi-dee homes in the area.

“The going price for single-storey semi-dee houses here ranges from RM1.1 million to RM1.2 million depending on the condition of the property. Jalan Jiran has good potential for those looking at fixer-upper properties as most single-storey semi-dees in this area will require some renovation; with some buyers even extending their houses into 2-storey units,” said Wong.

According to data from TheEdgeProperty.com, from the period of 1Q2012 to 2Q2016, the highest average transacted price for semi-dees in Old Klang Road was recorded in 2Q2016, at RM1.68 million. The available listings on TheEdgeProperty.com showed that the average asking price is RM1.9 million.

Interested to buy properties in Old Klang Road, Kuala Lumpur? Click here.

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