DONE DEAL: 2-storey terraced house, Lakeside Residences, Puchong

Sold for: RM835,000

Concluded by: Wong Hor Yan (REN 18777) of 1TPE Realty (016-324 8307)

When: July 2017

Noteworthy:
● Leasehold
● Land area: 22ft by 75ft
● Built up: 2,167 sq ft
● Four bedrooms and three bathrooms
● Lakeside property
● Gated-and-guarded development

According to the agent, Wong Hor Yan of 1TPE Realty, the seller was an investor who bought the unit in 2013. The unit was not rented out but the owner held on to it for capital appreciation.

“The new homebuyers are a family who will be living in the house,” said Wong, adding that the seller made a profit of about 15%.

According to Wong, the market value for similar properties ranges from RM850,000 to RM900,000. 

Data from EdgeProp.my shows that the average transacted price of homes at Lakeside Residences in Puchong as at 3Q2016 is RM516 psf on land area, which translates to RM850,000. The current listings also showed that the latest asking price of terraced houses in Lakeside Residences is RM958,200.

Meanwhile, monthly rents of similar non-furnished units range from RM1,600 to RM1,800; however, fully-furnished properties may command up to RM2,500.

Developed by Glomac Bhd, Lakeside Residences is close to amenities such as Tesco Puchong, IOI Mall and Giant Puchong.

One of the highlights of the project is that is located at the edge of a lake together with a seven-acre private park.

It is a gated-and-guarded development with facilities such as a BBQ area, jogging tracks, multipurpose courts and a half Olympic-sized swimming pool.

The project is also accessible via major highways such as the Lebuhraya Damansara-Puchong, Bukit Jalil Highway and Federal Highway.

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