Kenanga Wholesale City, Loke Yew
Kenanga Wholesale City is a freehold shopping mall located in Loke Yew, Cheras. There are 800 units available at this project with built-up from 369 sf to 534 sf. It was developed by Kha Seng Group. Kha Seng Group is a small-scale property development group, and it has developed about 2 property projects in Malaysia.
This shopping mall has many amenities nearby, i.e. schools, universities, metro transport stations and hospitals. The following are some of the main schools here:
- Krista School
- Kung Min Chinese Primary School
- SJK (C) Jalan Davidson
- SM Stella Maris
- SMK (P) Bandaraya
- SMK Dato 'Onn
- Sub International School
- Tsun Jin High School
As for universities, there are Berjaya College, Berjaya Tvet College, Berjaya University College, Edufly College and Universiti Antarabangsa KL. There are also some metro transport stations here, for example LRT Pudu, MRT Merdeka and Monorail Imbi.
The current market prices for Kenanga Wholesale City are from RM1,050,000 to RM1,370,000 (about RM2,850 psf); while the monthly rentals are from RM4,500 to RM5,600 (about RM12.20 psf). The highest median price psf ever recorded was RM4,500 psf in Q1 2012; while the lowest one was RM2,165 psf in Q2 2019.
The current rental yield of Kenanga Wholesale City is around 6.9%, compared to 3.27% 3 years ago in Q3 2015. The highest rental yield ever recorded was 8.16% in Q1 2018; while the lowest one was 3.27% in Q3 2015. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Kenanga Wholesale City is 369 sf with a median price of RM2,850 psf. For price wise, the most expensive one is 403 sf with a median price of RM2,850 psf; while the cheapest one is 534 sf with a median price of RM2,570 psf.
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