DONE DEAL: Shophouse, Bukit Gasing, Petaling Jaya, Selangor

DONE DEAL: Condominium, Bukit Bintang, Kuala Lumpur

DONE DEAL: Condominium, Kampung Sungai Kayu Ara, Selangor

Name a location in Malaysia ‘Jaya’ and it’s likely to find success in its development. Petaling Jaya is a shining example. Sitting on PJ’s eastern border with Kuala Lumpur is Bukit Gasing, home to the famous forest reserve. This neighbourhood should be more well-known for being smack dab in the middle of not just PJ and KL, but also major suburbs like Bandar Sunway and Taman Kinrara, which gives residents access to Subang Jaya and Puchong.

The buyers managed to purchase this shophouse at below market value. According to KJ Jeevanathan (REN43177) (014-634 9331) of Metro City Realtors Sdn Bhd who closed the deal, the price of the property was expected to be hiked up to RM2.5 million the following year, and the owners wanted to sell off their company’s properties. This shophouse also comes with a permit to construct a second storey.

As of January 2024, there are a total of 13 listings for sale in Bukit Gasing, Petaling Jaya, with an average asking price of RM3,749,230.77 (for shophouses) or RM807.61 psf. As for rental listings, there are a total of five, with an average monthly rent of RM14,810 or RM4.99 psf.

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