DONE DEAL: Two Side by Side Shoplots, Solaris Dutamas
Solaris Dutamas is a mixed development with residential, retail and office components developed by UEM Sunrise. Located on Jalan Dutamas 1, Kuala Lumpur, Solaris Dutamas is in the vicinity of several affluent neighbourhoods such as Mont’Kiara, Sri Hartamas and Damansara Heights.
Kevin Teh from Polygon Properties said the two side-by-side shop units, which have a combined built-up size of 2,500 sq ft, were rented to one tenant who was looking for a space of over 2,000 sq ft.
“The tenant wanted a prime spot near Mont’Kiara with easy accessibility to run a boutique real estate business,” he said, adding that the tenant found the asking prices reasonable amidst the current market situation.
Teh deemed this as a good deal, as the tenant was able to find the ideal spot for his business, while the landlords were also able to secure a long-term tenant.
As at end-November, there were 10 shop units listed for rental on EdgeProp.my’s property portal, with an average asking rent of RM9,650 or RM7 psf. There were also 28 units looking for buyers, with an average asking price of RM3.55 million or RM2,640 psf.
According to data from EdgeProp Research, two shop units in Solaris Dutamas were sold in 2020, with an average price of RM3.08 million or RM1,831 psf. In 2019, six units changed hands, with an average price of RM2.63 million or RM2,096 psf.