Park One Melawati condominium unit sold for RM725,000 in first-home purchase

A condominium unit at Park One Melawati in Selangor has been sold for RM725,000. The buyers, a newly wed couple, were drawn by its proximity to family in Taman Melawati. The unit was on the market for about two months before the sale.

A condominium unit at Park One Melawati in Selangor has been sold for RM725,000, according to Kenny Lee (REN 18277) of Reapfield Properties Sdn Bhd. The buyers, a newly wed couple, purchased the unit as their first home together. They were attracted by its proximity to their family home in Taman Melawati and the development's centralised location.

The property was on the market for approximately two months. The previous owner sold it to cash out and invest in another property. Most buyers at this low-density development have purchased for their own stay, and few units remain for sale.

For comparison, a condominium unit at SERINI Melawati with a built-up size of 1,033 sq ft was sold on 19 Dec 2024 for RM660,000, reflecting a price of RM639.92 psf, according to EdgeProp EPIQ.

As of end-October, based on seven sale listings on EdgeProp for condominium units at Park One Melawati, the average asking price was RM1,130,000 or RM743.01 psf, with built-up sizes ranging from 1,027 to 2,058 sq ft. Based on 17 rental listings, the average asking monthly rate was RM3,729.41 or RM3.10 psf, for built-up sizes ranging from 1,026 to 1,522 sq ft.