Section 13 is another one of the many commercial hubs in Petaling Jaya, tenanted mostly by factories and offices. The resident shopping mall is Jaya One, while some of the most popular restaurants in the area which causes massive traffic congestion during weekends is the Ah Yat Abalone Restaurant.
Recently recognised to be a land mine of gold, many developers began to purchase empty parcels of land in this area to build small, tiny apartments by the name of SoHos’ and SoVos’ to be sold at ridiculously and laughably high prices.
The crowning glory of upcoming developments in Section 13 is the Fraser & Neaves (F&N) factory in the area, which was razed to the ground to make way for a brand new mixed development which will include residential towers, a hotel, retail lots and offices.
The traffic congestion in the area is already worse than bad during peak hours, and when the roadside restaurants have events, unethical motorists render the roads almost unusable by parking their cars as and where they please; many of which the patrons of the restaurants blatantly park in front of resident’s gates, preventing the residents from leaving their homes.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Section 13 | 0 |
RM450,000
-
RM6,000,000
RM 663 psf - RM 1,536 psf |
RM2,200 - RM2,200 | NIL | 1.0 % |
| Centrestage | 2014 |
RM99,000
-
RM738,000
RM 417 psf - RM 1,262 psf |
RM1,000 - RM1,000 | NIL | 5.19 % |
| Plaza 33 | 2013 | NIL | RM13,500 - RM135,000 | NIL | NIL |
| Jaya One | 2011 |
RM550,000
-
RM1,100,000
RM 691 psf - RM 878 psf |
RM2,100 - RM2,100 | NIL | 11.62 % |
| PJX | Dec 2010 | RM680,000 - RM1,420,350 | RM13,500 - RM13,500 | NIL | 15.43 % |
| 3 Two Square | 2007 | RM950,000 - RM3,600,000 | RM4,000 - RM13,000 | NIL | 4.48 % |
| Ehsan Ria | 2005 |
RM413,100
-
RM413,100
RM 339 psf - RM 339 psf |
RM1,500 - RM1,500 | NIL | 5.03 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | - | - | - |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | RM 701 psf |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | RM 282 psf | - |
Note:
| Down Payment (10%) | RM 32,900 |
| Loan Amount ( 90 %) | RM 296,100 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
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