New vs Old Factory for Sale Seksyen 15 Shah Alam: Price Gap & Reno Costs 2026
Buying in Seksyen 15 Shah Alam? Registered semi-D factories sold at a median of RM5.92 million (RM523 psf of land), prices eased about 9% like-for-like, and listings ask about RM7 million. How to weigh the price gap against renovation.
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- Peter TanREN 12771 · 016-666 6872
Key Takeaways
- Registered factory prices in Shah Alam over the 24 months to July 2026: semi-detached at a median of RM5.92 million (RM523 psf of land), terrace RM1.13 million (RM489) and detached RM16 million (RM310).
- Prices softened in the latest year: like-for-like terrace and semi-detached factories in the same parks were both about 9% lower than in the 12 months before.
- Seksyen 15 listings on FactoryHub now include semi-detached factories at about RM7 million to RM7.1 million for 8,000 to 8,900 sq ft built-up.
- An older factory is cheaper only if the price gap is bigger than the renovation bill plus the months you cannot operate. Get contractor quotes before you sign.
- Registered rents in Shah Alam had a median of RM1.73 psf a month (semi-detached RM2.12), useful if you are weighing rent against buy.
New vs Old Factory for Sale Seksyen 15 Shah Alam: Price Gap & Reno Costs 2026
Seksyen 15 is one of Shah Alam's older industrial sections, close to Seksyen 16 and the newer parks around Hicom Glenmarie and Bukit Jelutong. Buyers here usually choose between an older unit that needs work and a newer one that is ready to use. This guide sets out registered prices, current listings, and how to judge the renovation case.
Prices in Shah Alam (2026)
Registered sale prices
| Type | Registered median | Per sq ft of land | Deals (24 months) |
|---|---|---|---|
| Terrace factory | RM1.13 million (typical RM850,000 to RM1.82 million) | RM489 | 72 |
| Semi-detached factory | RM5.92 million (typical RM4.57 million to RM7.01 million) | RM523 | 68 |
| Detached factory | RM16 million (typical RM13.83 million to RM35 million) | RM310 | 22 |
| Industrial land | RM20.77 million | RM210 | 6 |
Source: JPPH-registered transfers, Shah Alam, 24 months to July 2026. Every sale psf is per sq ft of land. Full figures: Shah Alam transaction data.
Like-for-like, terrace and semi-detached factories in the same parks sold about 9% lower in the 12 months to July 2026 than in the 12 months before. That gives buyers room to negotiate, especially on older units.
Listed now
| Example | Built-up | Land | Asking price |
|---|---|---|---|
| Semi-detached factory, Seksyen 15 (leasehold) | 8,858 sq ft | not stated | RM7 million |
| Semi-detached factory, Tiong Nam Industrial Park 2 (freehold) | 8,000 sq ft | 11,000 sq ft | RM7.1 million |
| Detached factory, Seksyen 23 (leasehold) | 17,991 sq ft | 33,831 sq ft | RM11 million |
Source: FactoryHub's current Shah Alam sale listings. Asking prices, not agreed prices.
Rents for comparison
Registered factory tenancies in Shah Alam had a median of RM1.73 psf a month (typical RM1.31 to RM2.55): terrace RM1.79, semi-detached RM2.12 (about RM17,300 a month for 8,810 sq ft) and detached RM1.55.
Is an Older Factory Worth It?
Saving = price gap − (renovation cost + cost of the months you cannot operate)
Older factories often need roof and floor repairs, rewiring or a higher TNB supply, fire-safety upgrades and a new office. Newer units usually come with higher floor loading, more power and better loading bays, but cost more. Ask two or three contractors to quote on site before signing the SPA, and check that any extension or mezzanine can be approved by Majlis Bandaraya Shah Alam (MBSA).
Location and Access
Seksyen 15 is reached via the Federal Highway (FT2) and KESAS (E5), and the NKVE (E1) runs along Shah Alam's northern side. Port Klang is roughly a 30-minute drive outside peak hours. Neighbouring Seksyen 16 has similar older stock; Hicom Glenmarie and Bukit Jelutong have newer, higher-spec parks at higher prices.
How to Buy a Factory in Seksyen 15
- List your requirements: built-up area, land, power in amps, floor loading and ceiling height.
- Set a budget: price, renovation, stamp duty on the transfer (1% to 4% scale for Malaysian buyers), legal fees and financing costs.
- Check the title: freehold or leasehold and remaining lease; many Shah Alam factories are leasehold.
- Check approvals: CCC, approved use and any unapproved extensions, with MBSA.
- Inspect properly: hire a building inspector for older units; check structure, wiring, drainage and fire systems.
- Arrange financing: banks publish maximums of 85% to 90% of value for industrial property; compare on our commercial loan rates page.
- Sign the SPA once the bank and lawyer are ready.
Frequently Asked Questions
How much is a factory in Seksyen 15 Shah Alam?
Across Shah Alam, JPPH-registered semi-detached factories sold at a median of RM5.92 million (RM523 psf of land) over the 24 months to July 2026. Seksyen 15 semi-detached units listed on FactoryHub ask about RM7 million.
Are Shah Alam factory prices rising or falling?
In the latest registered year, like-for-like terrace and semi-detached factory prices in the same parks were about 9% lower than in the year before.
Should I buy a new factory or renovate an old one?
Compare the price gap with the renovation cost plus the months you cannot operate. If the renovation costs less than the gap, the older unit saves money.
Are Shah Alam factories freehold?
Both exist. Registered freehold factories had a median of RM3.36 million (140 deals) and leasehold RM6.17 million (24 deals); the gap reflects size and type as well as tenure.
Talk to Us
Contact Peter Tan (REN 12771) at 016-666 6872 or Jason Low (PEA 1478) at 012-288 1834, or browse factories for sale in Shah Alam. FactoryHub is dedicated to helping every client find the right factory or warehouse.
More guides: Sell an Old Factory in Selangor 2026: Low-Power Units, Ex-Glove Plants and Who Buys Now · HICOM Glenmarie Industrial Park, Shah Alam: Location, Access, Prices, Rents and Listings · Shah Alam Industrial Areas by Seksyen: 15, 16, 23, 26, 27, 34, U1 and HICOM Explained · Factory Loan Malaysia 2026: Industrial Property Loan Rates, Margin & Monthly Instalment · Shah Alam Factory Zones Compared: Seksyen 15, Bukit Jelutong and Glenmarie · industrial land for sale in Shah Alam
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