Avenue Crest, Section 22, Shah Alam
Avenue Crest (also known as Avenue Crest SOFO) is a freehold mixed retail & SOHO development located in Section 22, Shah Alam. The built-up available at this project is 549 sf to 797 sf for offices and 527 sf to 614 sf for SOHO units. It was developed by Crest Builder Holdings Bhd with a launch price of about RM400 psf for SOHO units, and was completed around Q4 2013.
Crest Builder Holdings Bhd is a mid-scale property developer listed on Bursa Malaysia, and it has developed about 7 property projects in Malaysia. Other similar projects by the same developer are 3 Two Square, Alam Idaman, Alam Sanjung, Menara Bank Islam, The Crest and The Greens.
This mixed retail & SOHO development has many amenities nearby, i.e. schools, hospitals and transit stations. The following are some of the main schools here:
- SJK (T) Ladang Ebor
- Sekolah Kafa Integrasi Nurul Hidayah
The current rental yield of Avenue Crest is 5.43% for offices and 4.0% for SOHO units. The highest rental yield ever recorded was 7.41% in Q4 2021 (office) and 6.69% in Q2 2014 (soho); while the lowest one was 4.23% in Q1 2020 (office) and 3.49% in Q2 2019 (soho). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at Avenue Crest for offices is 560 sf with a median price of RM430 psf. For price wise, the most expensive one is 560 sf with a median price of RM430 psf; while the cheapest one is 797 sf with a median price of RM270 psf.
Lastly, the most popular layout and size (built-up) combination at Avenue Crest for SOHO units is Studio / 549 sf with a median price of RM440 psf. For price wise, the most expensive one is 4-bedroom / 614 sf with a median price of RM570 psf; while the cheapest one is 1-bedroom / 614 sf with a median price of RM420 psf.
Latest Avenue Crest sale listings:
|2 Jan 2023||SOHO||592 sf||RM154,000|
|14 Dec 2022||Office||538 sf||RM162,000|
|10 Dec 2022||SOHO||592 sf||RM220,000|
|2 Dec 2022||SOHO||592 sf||RM171,000|
|3 Nov 2022||SOHO||592 sf||RM189,000|
|17 Oct 2022||Office||667 sf||RM153,000|
|29 Sep 2022||SOHO||-NA-||RM210,000|
|19 Aug 2022||SOHO||592 sf||RM152,000|
|8 Aug 2022||Office||667 sf||RM170,000|
|3 Aug 2022||SOHO||592 sf||RM168,000|
Latest Avenue Crest rental listings: