DONE DEAL: Zenia Parkhomes, Desa Parkcity, Kuala Lumpur

Sold for: RM2.75 million (723 psf)

Concluded by: Andrew Tan of Reapfield Properties (012-2738998)

When: February, 2015

Noteworthy:
*Built-up area 3,800 sq ft
*5+1 bedrooms, 7 bathrooms
*Freehold
*3-storey corner link house
*36ft frontage
*Lightly renovated; contemporary design
*Situated close to the pool and clubhouse
*Features an extra-large second living room on the first floor
*Double volume ceiling area
*Access to a wraparound garden

Zenia Parkhomes or Zenia houses are about six and a half years old and are occupied by a closely knit community. About 50% of the occupants are expatriates.

According to the agent, Andrew Tan of Reapfield Properties, the contemporary design of Zenia makes the product appealing. There is light tinting of the windows and glass doors, as well as the use of blonde wood flooring that gives the space a bright and fresh look.

Another key aspect is the good level of maintenance -- a key attraction for buyers.

Data from theedgeproperty.com accurate as at July 29, 2015, there have been 24 transactions between 2012 and 2014. The highest number of transactions occurred in 2Q2012, when there were five. The average price then was RM1,851,200, or RM1,152 psf.

Last year, there were four transactions, two in 1Q and two in 3Q. The average price for the properties in 1Q was RM2,335,000 or RM1,126 psf. The 3Q transactions were sold averaging RM2,115,000 or RM1,417 psf.

Meanwhile, based on 80 listings on theedgeproperty.com, the average asking monthly rent at Zenia is RM8,015, or RM2.47 psf, giving an indicative gross rental yield of 2.2%.

Editor: To real estate agents – if you have concluded an interesting deal recently, we love to hear from you. Contact us as [email protected]

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