RM515,000 (RM357.64 based on land size)

DONE DEAL: Bungalow, Damansara Heights, Kuala Lumpur

DONE DEAL: Serviced residence, Kajang, Selangor

Located at the heart of Bandar Seri Alam, a township in the Johor Bahru district, the property is surrounded with eateries and a variety of amenities. 

Adin Sudirman (REN 49580) (016-324 9228) of IQI Realty Sdn Bhd, who closed the deal, said the owner was leaving the property as he was moving to another town. Meanwhile, the buyer liked the house owing to its strategic location and irresistible price bargain. 

Adin also felt the deal was good owing to the condition of the house and its price point.

“The buyer was able to purchase at almost 15% below the market value and the condition of the house is also not that bad. The location of the house is within a popular area. This results in a high rental demand and people are willing to pay such prices for landed properties there.” says Adin.

As of the beginning of December, there were 100 for sale listings for terrace houses in Bandar Seri Alam on EdgeProp.my with an average asking price of RM523,306 or RM309.19 psf. Meanwhile, there were also rental listings with an average monthly rent of RM1,508.33 or RM0.89 psf.