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Southgate is a business development located in Sungai Besi and was modelled after the Xintiandi in Shanghai as an integrated commercial and leisure hub. Located at the southern gateway of the Kuala Lumpur city, there is direct access leading to the area with Istana Negara and Wisma Mah Sing as its nearby landmarks.
Despite injecting quality into this project, many people have complained about the development as being priced too highly on its monthly rental, resulting in many businesses failing to continue using the development. The heavy traffic surrounding the area is also a major turn off for customers to visit the place.
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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 (%) |
---|---|---|---|---|---|
Southgate | Mar 2011 |
RM450,000
-
RM650,000
RM 529 psf - RM 692 psf |
RM1,265 - RM3,800 | NIL | 5.52 % |
Market Hall | June 2013 | RM382,000 - RM877,000 | RM6,000 - RM6,000 | NIL | 11.44 % |
Fraser Business Park | 2010 |
RM450,000
-
RM550,000
RM 647 psf - RM 707 psf |
RM490 - RM490 | NIL | 2.75 % |
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 | - | - | RM 955 psf |
500 - 1,000 SQ. FT | - | - | RM 328 psf |
1,000 - 1,500 SQ. FT | - | - | RM 402 psf |
1,500 - 2,500 SQ. FT | - | - | RM 5,000,000 psf |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 33,000 |
Loan Amount ( 90 %) | RM 297,000 |
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.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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