This article first appeared in City & Country, The Edge Malaysia Weekly on April 18, 2022 - April 24, 2022
Jalan SS4C/5 in Taman Rasa Sayang has been experiencing more buzz of late. Situated in the northwest section of Kelana Jaya, the mature area has become more popular especially after the opening of designer bakery Dou Dou Bake in 2020.
The outlet’s freshly baked goods have drawn throngs of customers from all over the Klang Valley. Even the Covid-19 pandemic has not deterred customers, who queue as early as 8am to eat at the trendy hangout.
Other restaurants on this road, which also has offices, a clinic, two mini markets, auto service shops, a barber and hair salon, include B & Best Restaurant, PS Maju Indian restaurant, Restoran Kar Heong and The Bassment.
“SS4C/5 at Taman Rasa Sayang in Kelana Jaya is a commercial area that caters to the residents in the area. Taman Rasa Sayang is located in the northwest section of Kelana Jaya and on the southern flank of Kelana Jaya LRT station,” says LaurelCap Sdn Bhd executive director Stanley Toh.
“The area comprises mainly 2-storey terraced houses and two rows of 3-storey shophouses along Jalan SS4C/5. Due to its maturity, there have not been many transactions in the area of late. [In fact,] not many transactions have been recorded over the years. A ‘recent’ one — No 11, Jalan SS4C/5 — was transacted at RM1.65 million in 2018,” notes Toh.
He says the current average rental psf for the shoplots is between RM2.80 and RM3.00 per month for the ground floor units. For the first and second floor units, it is between RM0.90 and RM1 psf.
He adds that the current average price psf for the shoplots is between RM350 and RM380 psf.
While SS4C/5 is busy, it faces stiff competition. Toh says traffic volume passing through the street is low and the new commercial buildings nearby, such as Dataran Glomac, Paradigm Mall, Grand Sofo and Infinity Tower, are the focus of commercial activities in the area.
Nonetheless, SS4C/5 will remain popular with residents in the neighbourhood. “Due to the mature and established nature of the neighbourhood and its freehold tenure, the values here will increase, albeit at a slow pace,” he concludes.
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