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 to 872 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 12 property projects in Malaysia. Other similar projects by the same developer are Bukit Damaisari, Damaisari, Damaisari, Flora Residency, KL Traders Square, Lido Residency, Seasons Garden Residences, The Birch, Traders Garden and Traders Square.

Property Type
Office Building
Land Tenure
Leasehold
Built-up
775 sf - 872 sf
Market Price
RM360,000 - RM550,000
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 rental yield of Plaza Azalea is around 5.0%, compared to 4.68% a year ago in Q1 2019. The highest rental yield ever recorded was 5.61% in Q2 2019; while the lowest one was 3.75% in Q3 2017. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at Plaza Azalea is 775 sf with a median price of RM460 psf. For price wise, the most expensive one is 872 sf with a median price of RM630 psf; while the cheapest one is 775 sf with a median price of RM460 psf.

Latest Plaza Azalea for sale listings:

DateTypeBuilt-upPrice
14 May 2020Commercial775 sfRM350,000
9 Mar 2020Duplex1,750 sfRM390,000
11 Mar 2020Office775 sfRM355,000
11 Feb 2020Office775 sfRM263,000
25 Dec 2019Office900 sfRM570,000
18 Sep 2019Office900 sfRM570,000
15 Aug 2019Office775 sfRM350,000

Latest Plaza Azalea for rent listings:

DateTypeBuilt-upRental
9 Mar 2020Duplex1,750 sfRM2,000
4 Sep 2019Office900 sfRM2,000
21 Aug 2019SOHO872 sfRM2,000
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