KUALA LUMPUR (Oct 9): Dataran Sunway is a vibrant commercial area that faces the busy Persiaran Surian in Kota Damansara. It is surrounded by residential estates, commercial centres, medical centres, hospitals and educational institutions.

Like any other commercial area in the vicinity, transaction activity involving shoplots in Dataran Sunway was badly affected by the outbreak of Covid-19 in 2020. Nonetheless, both average transacted prices and asking prices have remained stable.

Property consultants believe that demand for shoplots in Dataran Sunway will pick up further in the short term due to the overall improved market sentiment since the reopening of international borders and as people return to their pre-pandemic lives. However, the property value growth of shoplots in the area may be limited due to the lack of a catalyst.

“This commercial centre is already mature. There is no upcoming major real estate development; nor major population shifts and new population influxes expected soon. In addition, there is no new commercial centre (shoplots) to be built. Therefore, Dataran Sunway is likely to remain status quo for the immediate future,” says Henry Butcher Retail managing director Tan Hai Hsin.

Read more of the consultant’s insights in our latest edition of City & Country, out with The Edge Malaysia weekly’s Oct 10, 2022 issue.

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