Sold for: RM1.05 million (RM636 psf, based on plot  size)

Concluded by: Darren Toh of Kim Realty (REN 05189) (012-3977800)

When: March 2019

Noteworthy:
●Unfurnished
●Leasehold
●Built-up:  4,950 sq ft
●Land size:  1,650 sq ft
●Facing main road

According to Kim Realty’s real estate agent Darren Toh who concluded the deal, the buyer was previously renting another shoplot nearby for three years before deciding to own their own unit. Toh said the buyer got a good deal as the concluded price was below the current asking price of similar shoplots in Puchong Gateway.

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“A similar shoplot with that land size and built-up is currently asking for about RM1.3 million. In fact, the shoplot next to this unit is asking for RM1.6 million. So, the buyer got a good deal. The previous owner is a property  investor who wanted to cash out and invest elsewhere,” Toh shared.

First completed in 2012, the shoplots here have good visibility from the Lebuhraya Damansara-Puchong highway. Shops operating here include eateries, budget hotels, furniture shops as well as car showrooms.

Based on EdgeProp.my’s listings, as at mid-August 2019, the average asking price of the shopoffice units here was RM727 psf or RM1.2 million.

The latest transaction in Puchong Gateway was in 4Q2018 with a unit sold for an average price of RM507 psf or RM950,000. From the period of 2012 to 2018, the highest average transacted price recorded was in 1Q2012 at RM911 psf, translating to RM1.5 million.

Meanwhile, the average asking rent for the shoplots is around RM1.50 psf or RM2,650 per month. The indicative rental yield is 0.53%.

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