Alam Avenue 1, Shah Alam

Alam Avenue 1 is an exclusive shop office development which is located in the vicinity of Shah Alam, Selangor. Completed in the year 2009, this shop lots was developed by IRDK Land. Located in a freehold land, this development comes in 3 storey and 5 storey shop offices. A total of 51 shop offices are offered for this project.

Alam Avenue 1 also comes with several facilities in the surrounding namely business centre, restaurants, convenience shops, shopping malls, petrol stations, supermarket, children’s playground, food courts and schools. The units also comes with an built-up of approximately 4,000 sf and above and the units comes with 2 bathrooms and a pantry with a big office or shop space.

Furthermore, Alam Avenue 1 is also accessible via roads and highways such as Federal Highway, Kemuning – Shah Alam Highway (LKSA), Guthrie Corridor Expressway, North – South Expressway Central Link (ELITE), Persiaran Selangor, Persiaran Kemajuan, Jalan Sungai Rasau and Jalan Padang Jawa. Besides, there are also Padang Jawa KTM Station in walking distance, Shah Alam KTM Station available in the nearby neighbourhood, as well as Section 17 Bus Terminal which provides bus transportation throughout Malaysia.

Alam Avenue 1 is also located closely to Giant Hypermarket, Ole Ole Shopping Mall, Taman Tasik Shah Alam, Shah Alam City Centre Mall, Menara MRCB, Plaza Perangsang, Wisma MBSA, Raja Tun Uda Library, Shah Alam Convention Centre, Sultan Alam Shah Museum, Quality Hotel, Blue Wave Hotel, Anggerik Mall, Acc Expo Centre, PKNS Complex, Dataran Shah Alam, JPJ, I-City, I-Residence, Plaza Alam Sentral, Bukit Raja Jusco, Centre Point and SMKS Section 16.

Property Details

• Name: Alam Avenue 1
• Address: Jalan Padang Jawa, Section 16, 40200 Shah Alam, Selangor
• Developer: IRDK Land
• Completion Date: 2009
• Type: Shop Office
• Tenure: {Tenure}
• No. of Storey: 3 & 5
• No. of Units: 51
• No. of Bathrooms: 2
• Built-up: From 4,000 sf
• Maintenance Fee: RM550 / month
• Launch Price: From RM1,020,000
• Subsale Price: From RM2,000,000
• Rental: From RM7,000

Facilities

• Business centre
• Restaurants
• Convenience shops
• Malls
• Petrol stations
• Supermarket
• Children’s playground
• Food courts
• Schools

Analysis

Alam Avenue 1 was developed by IRDK Land, a newly emerging firm in the property development industry. Founded by an highly experienced person in this industry, this developer had completed and up-coming projects such as IRDK Mall, Alam Avenue 2, D’Waterfront, Puncak Bukit Utama and Wangsa Maju Apartment. This shop lots has a launching price of RM1,020,000 and after completion on 2009, it has a subsale price of RM2,000,000 onwards. Overall this was a good place to invest as the property value is quite stable since it is located in a prime area bordering Shah Alam and Klang.

Furthermore, the units in Alam Avenue 1 also can be rented out for approximately RM7,000 per month. Besides, the phase 2 of project Alam Avenue 2 is under construction now and would be completed within a year. This second phase also comes with shop offices, as well as IRDK Mall which offers a convention centre and a mall. After the completion of the second phase, the market value of this property is expected to increase higher.