10 Boulevard, Kayu Ara

10 Boulevard (also known as Boulevard 10) is a leasehold shop-office development that is located in Kayu Ara, Bandar Utama. There are 59 units available at this property with built-up from 1,500 sf to 1,550 sf for offices and 1,378 sf to 11,000 sf for shop-offices. It was developed by Newlake Development Sdn Bhd, and was completed in around End 2009. Newlake Development Sdn Bhd is a privately held small-scale property development company, and it has developed only this project in Malaysia.

This shop-office development has some amenities nearby, i.e., schools and universities. The following are some of the major schools here:

• Effingham National Type (Tamil) Primary School
• SMK Damansara Jaya (High Performance School)
• SRA Kampung Sungai Kayu Ara
• The British International School KL

As for universities, there are First City University College and Wawasan Open University (Bandar Utama Regional Support Centre).

The current rental yield of 10 Boulevard is 5.92% for offices and 3.26% for shop-offices. The highest rental yield ever recorded was 7.01% in Q4 2021 (office) and 12.82% in Q4 2021 (shop-office); while the lowest one was 3.91% in Q2 2020 (office) and 3.26% in Q2 2023 (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 10 Boulevard for offices is 1,550 sf with a median price of RM420 psf. For price wise, the most expensive one is 1,550 sf with a median price of RM420 psf; while the cheapest one is 1,500 sf with a median price of RM420 psf.

Lastly, the most popular layout and size (built-up) combination at 10 boulevard for shop-offices is 11,000 sf with a median price of rm590 psf. For price wise, the most expensive one is 1,378 sf with a median price of RM880 psf; while the cheapest one is 1,546 sf with a median price of RM400 psf.