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
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 RM1,500 to RM3,300 (about RM1.94 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 4.86%, compared to 4.92% a year ago in Q2 2018. 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
TodayRetail1,679 sfRM1,615,000
TodayOffice775 sfRM288,700
22-Jun-19Office775 sfRM288,700
12-Jun-19Office775 sfRM320,800
14-Jun-19Retail1,679 sfRM1,900,000
03-Jun-19Office775 sfRM320,800
01-Jun-19Office774 sfRM364,500
24-May-19Office775 sfRM262,440
11-May-19Office775 sfRM291,600
11-May-19Office775 sfRM291,600

Latest Plaza Azalea for rent listings:

DateTypeBuilt-upRental
09-Jun-19Office775 sfRM1,500
23-Mar-19Office775 sfRM1,500
10-Mar-19Retail-NA-RM10,500
09-Mar-19SOHO775 sfRM1,500
09-Mar-19SOHO775 sfRM1,600
09-Mar-19SOHO775 sfRM1,800
28-Feb-19Retail1,690 sfRM10,500
15-Feb-19Office775 sfRM1,500
04-Jan-19Office872 sfRM2,900
26-Dec-18Office775 sfRM1,600

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