Plaza Azalea, Section 14, Shah Alam

Plaza Azalea (formerly known as SCP Centro) is a leasehold office building located in Section 14, Shah Alam. There are 245 units available at this project with built-up from 775 sf. It was developed by SCP Group with a launch price at about RM387 psf, and was completed in around 2014.

SCP Group is a medium-scale property development group, and it has built about 8 property projects in Malaysia. Other similar projects by the same developer are Bukit Damaisari, Damaisari, Damaisari, KL Traders Square, Lido Residency, Seasons Garden Residences and Traders Square.

Property Type
Office Building
Land Tenure
Leasehold
Built-up
775 sf
Market Price
RM390,000
Density
245 Units
Completed In
2014
Developer
SCP Group
Launch Price
About RM387 psf

This office building has some amenities nearby, e.g. schools and hospitals. The following are some schools here:

As for hospitals, there are Avisena Specialist Hospital and Ijn Selgate Hospital.

The current market prices for Plaza Azalea are from RM390,000 (about RM500 psf); while the monthly rentals are from RM1,600 to RM3,300 (about RM2.06 psf). The highest median price psf ever recorded was RM660 psf in Q2 2017; while the lowest one was RM387 psf in Q1 2012.

The current rental yield of Plaza Azalea is around 4.89%, compared to 4.5% a year ago in Q4 2017. The highest rental yield ever recorded was 5.14% in Q3 2018; while the lowest one was 3.75% in Q3 2017. Meanwhile, the most common unit layouts and sizes available here are as follows:

Latest Plaza Azalea for sale listings:

DateTypeBuilt-upPrice
06-Dec-18SOHO872 sfRM480,000
06-Dec-18SOHO775 sfRM390,000
06-Dec-18SOHO775 sfRM400,000
23-Nov-18SOHO775 sfRM480,000
16-Nov-18SOHO775 sfRM435,000
06-Nov-18Office775 sfRM385,000
17-Oct-18SOHO872 sfRM500,000
05-Oct-18Office775 sfRM410,000
28-Sep-18SOHO872 sfRM500,000
28-Sep-18SOHO775 sfRM430,000

Latest Plaza Azalea for rent listings:

DateTypeBuilt-upRental
YesterdaySOHO775 sfRM1,500
YesterdaySOHO775 sfRM2,000
YesterdaySOHO775 sfRM2,000
27-Nov-18SOHO775 sfRM1,500
01-Nov-18Office775 sfRM1,400
20-Oct-18SOHO775 sfRM1,800
20-Oct-18SOHO872 sfRM2,000
08-Oct-18Office872 sfRM2,900
02-Oct-18SOHO775 sfRM1,600
02-Oct-18SOHO775 sfRM2,000