DONE DEAL: Shophouse, Section 16, Shah Alam, Selangor
Sold for: RM830,000 (RM442 psf, based on land area)
Concluded by: Royston Lau (PEA1570, 016-221 9389) of Maxland Real Estate Agency
When: August 2019
Noteworthy:
● Leasehold
● Land area: 1,875 sq ft
● Built-up: 3,300 sq ft
● Unfurnished double-storey shop unit
● Nearby amenities: Universiti Teknologi Mara Shah Alam, Wet World Water Park Shah Alam, Kompleks PKNS Shah Alam, IDCC Ideal Convention Centre Shah Alam, Shah Alam Autocity, KPJ Hospital and I-Central Shopping Mall.
● Easy access to major business hubs in Klang Valley and Klang through Federal Highway, Persiaran Selangor, Persiaran Kemajuan, Persiaran Raja Muda and New North Klang Straits Bypass (Shapadu Highway)
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Located next to Shah Alam’s Section 17, Section 2, around 5km to I-City and about 9km from Klang, Section 16 has a good mix of residential, commercial and light industrial projects.
It is also nearby Universiti Teknologi Mara Shah Alam (about 3km drive) and the Selangor State administration centre in Section 14 (around 3.5km away) which support property demand in the area.
According to Royston Lau from Maxland Real Estate Agency who concluded the deal, Section 16 is a mature residential area with amenities such as eateries, super markets, clinics, banks and other businesses.
“Shops in Section 16 are always in demand due to the growing population and the area’s easy access to highways and main roads,” said Lau.
The double-storey intermediate shophouse located in Jalan Sempadan was sold for RM830,000.
“The buyer has been renting the unit for many years. As his business grew, he decided to buy the shop,” he added.
The seller did not mind letting it go at a slightly below market price as he knew the buyer and he wanted to cash out. Besides, the property has a remaining lease of 57 years.
Recent listings showed that shophouses in the area are asking around RM880,000 and RM890,000.
EdgeProp.my data showed that three shop units in Section 16 were sold at an average price of RM983,333 or RM703 psf in 2018.
Interested to buy a unit in Section 16, Shah Alam? Or click here for more property listings in Shah Alam. Click here to know more about Royston Lau and potential good deals.
