sold for

RM2.25 million (RM324 psf against land size)

DONE DEAL: Double-storey bungalow at Section 16 (Petaling Jaya), Kuala Lumpur

Concluded by: Swiss Tan pro agent

(PEA 2710)
IQI REALTY SDN. BHD.
0132288881

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Section 16 in Petaling Jaya is an upscale neighbourhood that consists mostly of bungalows, where several of those facing the main road are converted for commercial use.

IQI Realty Sdn Bhd property agent Swiss Tan said the bungalow in Section 16 carried the Kuala Lumpur address, thus making it more appealing to foreigners who are looking for bungalows in KL.

“The buyer liked that the address is in Wilayah Persekutuan, meaning if he wishes to resell in the future, he is able to sell to a foreigner,” Tan shared.

She added that the buyer was also attracted to the good condition of the house as the seller renovated the house about five years ago while most houses in that area are 30 years old and above with very limited refurbishment.

Meanwhile, the seller, who had been occupying the house all the while, was selling the house as he was migrating overseas.

According to EdgeProp Research data, four bungalows in Section 16 were sold in 2019 with an average price of RM2.99 million or RM334 psf. No transaction recorded in 2020.

As at March 10, 2021, there were 24 bungalows listed for sale on EdgeProp.my with an average asking price ranging between RM381 and RM600 psf, while two bungalows were listed for rent with an average asking monthly rental ranging between RM1 and RM1.88 psf, or RM10,000 and RM15,000 a month.

Interested to buy unit in Section 16, PJ? Or click here for more property listings in Petaling Jaya. Click here to know more about Swiss Tan and potential good deals.

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Planning to buy or sell a home? EdgeProp's FREE transacted price tool, you can check past transaction prices for any property by name or area and make an informed decision.