Vervea, Aspen Vision City
Vervea is a freehold shop-office development that is located in Aspen Vision City, Bandar Cassia. There are 451 units available at this property with built-up from 1,196 sf to 3,850 sf for offices and 1,150 sf to 3,850 sf for shop-offices. It was developed by Aspen Group with a launch price of around RM360 psf, and was completed around 2018.
Aspen Group is a mid-sized real estate group, and it has undertaken around 12 real estate projects in Malaysia. Other similar projects by the same developer are Aspen Residence, Aspen Vision City, Beacon, HH Park, Tri Pinnacle, Versa, Vertu, Viluxe, Vivo and Vogue.
This shop-office development has some amenities nearby, such as, hospitals and universities.
The current rental yield of Vervea is 3.23% for offices and 2.4% for shop-offices. The highest rental yield ever recorded was 3.23% in Q4 2021 (office) and 5.0% in Q3 2019 (shop-office); while the lowest one was 0.96% in Q1 2021 (office) and 1.53% in Q4 2020 (shop-office). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at Vervea for offices is 3,850 sf with a median price of RM650 psf. For price wise, the most expensive one is 1,196 sf with a median price of RM1,460 psf; while the cheapest one is 3,850 sf with a median price of RM650 psf.
Lastly, the most popular layout and size (built-up) combination at vervea for shop-offices is 3,300 sf with a median price of rm510 psf. For price wise, the most expensive one is 1,150 sf with a median price of RM2,260 psf; while the cheapest one is 3,300 sf with a median price of RM510 psf.
Latest Vervea sale listings:
| Date | Property Type | Built-up | Price |
|---|---|---|---|
| 17 Nov 2023 | Shop-Office | 3,300 sf | RM1,250,000 |
| 27 Sep 2023 | Shop-Office | 3,300 sf | RM2,000,000 |
| 11 Sep 2023 | Retail | 3,300 sf | RM2,000,000 |
| 11 Sep 2023 | Retail | 3,850 sf | RM1,900,000 |
| 15 Aug 2023 | Office | 3,850 sf | RM2,500,000 |
| 15 Aug 2023 | Shop-Office | 3,300 sf | RM1,600,000 |
| 8 Aug 2023 | Shop-Office | 3,300 sf | RM1,800,000 |
| 18 Jul 2023 | Shop-Office | 6,340 sf | RM3,150,000 |
| 18 Jul 2023 | Shop-Office | 3,850 sf | RM2,000,000 |
| 18 Jul 2023 | Shop-Office | 3,450 sf | RM1,850,000 |
Latest Vervea rental listings:
| Date | Property Type | Built-up | Rental |
|---|---|---|---|
| 6 Nov 2023 | Shop-Office | 4,500 sf | RM6,000 |
| 6 Nov 2023 | Shop-Office | 3,850 sf | RM4,500 |
| 6 Nov 2023 | Shop-Office | 1,100 sf | RM3,500 |
| 29 Oct 2023 | Shop-Office | 3,300 sf | RM4,000 |
| 29 Oct 2023 | Shop-Office | 3,300 sf | RM4,500 |
| 29 Oct 2023 | Shop-Office | 3,300 sf | RM5,000 |
| 24 Oct 2023 | Office | 1,456 sf | RM1,800 |
| 24 Oct 2023 | Office | 990 sf | RM2,500 |
| 24 Oct 2023 | Office | 1,144 sf | RM1,300 |
| 24 Oct 2023 | Office | 990 sf | RM3,500 |