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Rented for: RM6,000 a month (RM3.90 psf)
Concluded by: Daniel Wong (REN 01967) of Sang Associates (013-386 8108)
When: December 2016
Noteworthy:
● Freehold
● Built-up area: 1,534 sq ft
● Completed in 2009
● Accessible via the North-South Expressway, Jalan Duta-Sungai Buloh Highway and Sprint Expressway E23
● 8km from the Kuala Lumpur city centre via Jalan Tuanku Abdul Halim
According to the agent, Daniel Wong of Sang Associates, the rental rate of the shop units in this commercial development ranges from RM6,000 to RM7,500 per month depending on the unit size, floor level, whether it is furnished or not and where the unit faces.
“This unit has the potential to be sold at around RM1.98 million. During launch, it was selling for less than a million ringgit,” said Wong. He added that the unit is bare (not furnished) and faces the main road .
Wong said the new tenant of this unit is already a tenant in Publika but he needed a bigger lot to accommodate the expanding business.
With more than 400 retail units in the complex, the shops here cater to the residents of the surrounding neighbourhoods of Mont’Kiara and Desa Sri Hartamas. Some of the major tenants in Publika include Ben’s Independent Grocer and MPH Bookstore. Other popular tenants are restaurants, cafes and fashion boutiques, among others.
A quick check of the available listings on TheEdgeProperty.com showed that the average asking monthly rental of commercial lots in Publika is RM7,657 or RM4.56 psf.
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