Sold for: RM550,000 (RM519.36 psf)

Concluded by: Justin Lee (REN 32527) (016-618 9568) of Full Homes Realty

When: February 2020

Noteworthy:
● Freehold
● High-floor unit
● Built-up: 1,059 sq ft
● Four bedrooms and two bathrooms
● Two side-by-side car park bays
● Semi-furnished
● Facilities: Swimming pools, adventure playground, multipurpose hall, jogging path, cycling path, basketball court, badminton courts, tennis courts and gym
● Amenities nearby: less than 5km from Titiwangsa Lake Garden, schools, shopping malls, eateries and convenience stores
● Easily accessible via Duta-Ulu Kelang Expressway (DUKE)

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Developed by SCP Group, KL Traders Square is a 17-acre freehold mixed development located on Jalan Gombak, Setapak, Kuala Lumpur. This high-density project comprises five 38-storey towers housing 2,550 serviced apartments with sizes ranging between 842 sq ft and 1,059 sq ft. All units come with either one or two car park bays.

Residents could access the scenic Titiwangsa Lake Gardens located less than 5km away while malls such as Setapak Central Mall, AEON Wangsa Maju and Wangsa Walk Mall are within 30 minutes’ drive away.

The property was listed for two months before Full Homes Realty negotiator Justin Lee found a buyer for this semi-furnished unit.

Lee said the seller, an investor who owns many properties decided to sell this unit to improve his cash flow.

Meanwhile, the purchasers liked KL Traders Square’s location and the price as it met their budget to buy a home for their family. “They were looking at another unit of the same size in the same development, but ended up choosing this one as the price was lower,” Lee disclosed, adding that the buyer also liked that it is a freehold development.

According to EdgeProp.my’s data, in 2019, KL Traders Square recorded 42 transactions with an average price of RM536,679 or RM576 psf. Whereas in 2018, six units were sold with an average price of RM441.667 or RM485 psf.

As at May 2020, there were 41 sale listings on the property portal asking for an average RM494,512 or RM545 psf. There were also 24 units for rental listed at an average RM1,979 or RM2.16 psf per month.

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