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6,736 sq ft, corner unit, 24 percent below market value @ Jalan Terasek, Bangsar


Do you fancy a landed property within an established neighbourhood in Kuala Lumpur? Preferably one with huge land area as you know land is an asset which is not expandable anymore, especially in the following mature area. How about Jalan Terasek 3, Bangsar Baru with a land area of 6,736 sq ft? There’s a 2-storey terrace corner unit for which the current owner has asked MNP Auctioneers (Central) to auction it off. The house has a spacious interior with a 6+1 bedrooms combination. A check with brickz.my showed that no transactions for the exact size has happened but the median price per sq ft for the Bangsar Baru area has been between RM923 to RM1163 per sq ft. Here’s the information available at brickz.my The median for the property transactions would be RM1059 per sq ft. If you are keen, do drop by to view by calling the numbers below. The Proclamation of Sale (POS) and the Condition of Sale (COS) could be downloaded here. 
Auction details as below:
Date:28th September 2017 (Thursday)
Reserve Price: RM3.2 million
Market Value: RM4.2 million
Address: 148, Jalan Terasek 3, Bangsar Baru, Kuala Lumpur
Venue: MNP Auctioneers (Central) Sdn Bhd – B-12-12, Megan Avenue II, Jalan Yap Kwan Seng, KL.
Viewing hotline: 016 4407740 / 017 407 6661
Only 5 percent bidding deposit
Do note that the Auction Sale is subjected to the Conditions of Sale. All intending bidders are required to make out the deposit amount based on the fixed reserve price in favour of Yee & Associates (Tel: 03 -5611 6896)   Licensed Auction Firm:  MNP Auctioneers (Central) Sdn Bhd (908971-X). KL Office: B-12-12, Megan Avenue 2, Jalan Yap Kwan Seng, 50450 Kuala Lumpur. Licensed Auctioneer: Soon Chee Leng   To download the POS and COS, do click here. More photos as below. (My personal advice is still to drop by and view the unit. Famous quote about land? “Buy land, they’re not making it anymore.” — Mark Twain, writer and humorist” Well, in this case, the land has even a home you can call your home sweet home. Cheers.

 

Property Investment always start with knowledge. Equip ourselves with more here.

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Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

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