RM4.5 million (RM491 psf against land size)
DONE DEAL: Double-storey terraced factory at Hicom Glenmarie Industrial Park, Shah Alam, Selangor
(PEA 2977) 0172326337
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Hicom Glenmarie Industrial Park is a freehold light industrial park in Shah Alam. Its connectivity and location in the middle of the Klang Valley makes it a convenient and popular home to multinational companies and local public-listed companies.
SK Yeo, real estate agent of Esprit Estate Agent Sdn Bhd, said Hicom Glenmarie Industrial Park is always in high demand for its easy accessibility.
“Most of the time, 95% of the factories are occupied. It’s rare to have a corner unit factory being put up for rent in the market. What’s more, the asking price is slightly below market price,” he said, adding that similar properties with full extension were transacted at an average price of RM4.95 million over the past two years.
Meanwhile, he revealed that the owner, who had planned to migrate overseas, decided to liquidate all his assets in Malaysia.
“As for the buyer, he had been operating his business in this area for years. He was looking for a bigger unit, preferably a corner unit like this one, in this same area for his business expansion. He was also buying for investment purposes as he believed the demand of factories in the area was growing,” Yeo noted.
As at Oct 2021, six industrial properties of Hicom Glenmarie Industrial Park were looking for new owners on EdgeProp.my. The average asking price was RM20.17 million or RM688 psf. Meanwhile, three units were listed for rent at an average asking monthly rental of RM47,500 or RM2 psf.
Interested to buy a unit in Hicom Glenmarie Industrial Park? Or click here for more property listings in Shah Alam. Click here to know more about SK Yeo and potential good deals.
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