DONE DEAL: The Greens condominium, TTDI, KL

Sold for: RM1.734 million (RM1,200 psf)

Concluded by: Brandon Ann (REN 19897, 012-215 6317) of MIP Properties and Janice Low (REN 01426, 012-280 0060) of Sentinel Properties

When: August 2017

Noteworthy:
● Freehold
● Built-up area: 1,445 sq ft
● 2 + 1 bedrooms and 2 bathrooms
● Partly furnished with built in wardrobe, curtains, lights and ceiling fans
● Two car parking bays
● Facilities: 50m infinity pool, children’s pool, splash pool, Jacuzzi, reflexology garden, landscaped garden, cascading water features, sun deck, spa bath, gymnasium, yoga room, nursery, function room and alfresco dining pavilion

Completed at end-2015, The Greens is a luxury condominium development by Bellworth Developments Sdn Bhd, a subsidiary of LGB Group.

Situated along Jalan Wan Kadir at Taman Tun Dr Ismail (TTDI), the low-density development consists of two 27-storey towers which house 163 units with built-ups ranging from 1,445 to 3,832 sq ft.

Sitting on a two-acre freehold site, the condo is accessible via a few major highways, such as the Penchala Link, Damansara-Puchong Expressway and SPRINT Highway.

According to Brandon Ann of MIP Properties, who co-brokered the deal, the 1,445 sq ft unit sold at RM1.734 million is a record-breaking deal for similar units at The Greens as the transaction price surpassed the previous high of RM1.68 million.

Previously leased out, the unit was sold on the day the tenant moved out at RM1,200 psf. Notably, the seller stood firm on the asking price.

“My co-negotiator happened to have a buyer who was eager to buy a unit in The Greens. The buyer is an engineer who previously viewed a unit at the development about two months ago, but did not buy it as he wasn’t satisfied with the view from the unit and deemed that the price was not right,” Ann told EdgeProp.my.

Therefore, when the buyer saw this unit – which offered a beautiful view of TTDI – he immediately made the offer of RM1,200 psf and paid a booking fee on the spot, he added.

According to data collated by EdgeProp.my, there were 18 transactions at The Greens from the second quarter of 2016 (2Q16) to 2Q17, with average transactions ranging from RM916 psf to RM1,150 psf.

As at Jan 3 this year, 54 listings on EdgeProp.my showed that the average asking price for units at The Greens is RM2.17 million per unit or RM965 psf. The monthly asking rent is RM7,421 or RM3.06 psf, with an indicative asking rental yield of 3.88%, according to 29 rental listings on the portal.

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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]