Sold for: RM2,705,400 (RM835psf)

Concluded by: Henry Chin (E 1833) (012-377 8306) of Property Express

When: November 2019

Noteworthy:
● Freehold
● Built-up: 3,240 sq ft
● Mid-floor unit
● Facilities: 24-hour security, centralised air-conditioning, CCTV surveillance in public area, covered parking, lobby reception, fibre optic backbone and high-speed broadband.
● Nearby amenities: LRT, MRT, KLIA Transit and KTM; hotel, shopping mall and various F&B choices, clinic and banks.
● Easy access to main roads and highways such as Jalan Damansara, Jalan Travers, Jalan Syed Putra and Lebuhraya Sultan Iskandar, around 10km to KL city centre and 5km from Mid Valley.

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Plaza Sentral is a commercial office project located at the iconic transit hub in Kuala Lumpur, KL Sentral. As the transit hub for the light rail transit (LRT), Monorail, KTM Komuter, KTM Intercity and the KLIA Express Rail Link, KL Sentral also features several other prime office towers, serviced residences, hotels, shopping mall and retail spaces.

Plaza Sentral is one of the early development phases by KL Sentral’s master developer, Malaysian Resources Corp Bhd (MRCB). It is made up of two phases. Phase one has three blocks and phase two has four blocks. It is mainly tenanted by technology companies as it is a MSC status Grade A office building.

Henry Chin from Property Express, who concluded the deal, said being in KL Sentral which offers excellent public transport connectivity coupled with amenities such as hotels and a shopping mall have made offices here very attractive to both property investors and tenants. These were the same reasons this buyer decided to purchase this unit for investment.

The 3,240 sq ft unfurnished office unit was sold at slightly above RM2.7 million or an average RM835 psf, a price lower than the average transacted price of such office units in 2019.

Nevertheless, the seller was happy for the opportunity to cash out, Chin added.

EdgeProp.my data showed that there were three offices in Plaza Sentral that were sold in 2019 at an average price of RM3.42 million or RM966 psf.

As at April, 2020, the property portal has 24 sale listings with an average asking price of RM5 million or RM1,046psf while there were 54 rental listings with an average asking rental of RM21,323 or RM5.36 psf.

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