I recently bought a mid-floor / mid-size condo here for RM900 psf. But look at those big sizes unit at One Menerung already > 1500 psf!

Has the average price per square feet rise above RM800 fpr now?

Double posting

This post has been edited by yltoh: Nov 12 2014, 11:32 AM

The current average PSF price at TWINS is RM900psf. The smallest <1000sf units have transacted above RM1000psf whereas the largest >2000sf units are going for around RM850psf.

Since the start of 2014, all transactions have been at RM800psf and above except for some of the >2000sf units done slightly below RM800psf.

Damansara City | DC Residency | New Hong Leong Bank HQ | Clermont Hotel Kuala Lumpur
by waja2000 from skyscrapercity damansara city forum




Condo and office view


Other condo and Hotel view




office tower B, seems able to complete end this year.

Source: https://www.facebook.com/MYRetail.Insight

Damansara City project developed by Guocoland, consists of;
- 2 Grade-A Office Towers with GBI, LEED & MSC certified status. Each office tower called "Guocoland tower" with its 19 floors and "Hong Leong tower" come with 33 floors. Approximately 4,500 HL staffs will be shifted over to this new "HongLeong" tower.
- 4 Storey Lifestyle Shopping Mall (311,000 sft GFA).
- 5-Star Hotel (Clermont hotel).
- 370 units at DC Residences with 28 floors.
- Approximately 240,000 population and 100,000 working population within 2km radius.
- Surroundings by fortune 500 companies; Caltex, CB Richard Ellis, Shell, HP, Ogilvy & Mather.
- Accessibility; Spring, Kerinchi, Penchala link & future MRT station

Like https://www.facebook.com/MYRetail.Insight for more Damansara City pictures n retail updates

Damansara City @ Damansara Heights

Pre launch, VVIP launch duno how many times already..struggling to sell 1500psf.. even 1300psf is high given this is a VERY high dense area!

a lot of people already tired with "INVESTMENT"....now shift to own stay....

many rich aunties n uncles now putting their cheques in The Park @ Bkt Jalil....this one...too tired n too expensive...u will never think to stay at this kind of environment...

Yeap.. too many buildings thr n a lot of noise suffering coming soon.. I think the density in this area wil be highest in Malaysia when pavi Dsara is complete... very claustrophobic leh

if this one hard to sell then pav how?

Pavi branding mah.. U wana buy there so thrs 1 less unit to sell U can put any branded fitting inside but this DC is still DC n not pavi Pavi may jus launch at Rm1.5kpsf n burn this DC badly!

i wanna buy many places but no bullet maybe this DC plays mid-high to pav's high-luxury.

Better choose KL sentral... Location, public transportion hub, office tenants oledi win .... With similar price

DC should be luxury but dev reputation plays a role in lux products.. 1 menurung is 4.4m although it looks like a mid end condo from afar (inside veli green n nice)..

Yeap.. Office tenants in KLSentral is top tier (same as KLCC level).. I see suasana loft occupancy very high but privacy is low.. Some dnt like it thr cos too crowded/too many commuters

Better buy twin than pv? Can I say that?

http://ch.therakyatpost.com/%E8%B4%A2%E7%B...B9%B0%E6%88%BF/

RM1350 psf

GuocoLand’s options open on monetising Damansara City Mall, talks with Lim fails
Friday, 10 July 2015 | The StarBiz | By: THEAN LEE CHENG
http://www.thestar.com.my/Business/Busines...open/?style=biz


KUALA LUMPUR: GuocoLand (Malaysia) Bhd is keeping its options open on how to monetise its Damansara City mall in Damansara Heights. The mall is located strategically at the massive development that is taking shape and which is seen as a viable alternative to Bangsar with two MRT stations being built at its vicinity.

Known as Damansara City Mall, or DC Mall, it is in its last lap of completion and is scheduled to be operational by the second quarter of next year. It has attracted tenancy of about 60%.

It is learned that the mall had attracted buyers, including Tan Sri Desmond Lim Siew Choon, who owns Pusat Bandar Damansara which is currently being redeveloped.

“Talks between GuocoLand and Lim have fallen through but there are other possibilities,” said sources.

Damansara City, an integrated development with a gross development value of RM2.5bil, comprises two office blocks, two residential blocks, the 4.5-storey DC Mall and a hotel with more than 300 rooms.

GuocoLand managing director Tan Lee Koon, when asked, did not deny that there have been suitors for the mall.

The other option is for GuocoLand to keep the mall, said sources.

“We are good neighbours,” Tan said, when pressed on the issue after the press conference yesterday.

Earlier this year, there were a bit of speculation that Lim was keen to buy over the GuocoLand’s DC Mall, which is part of an integrated development on 8.5 acres located in Pusat Bandar Damansara.

Lim, who owns KL Pavilion, and who is planning to replicate his retail success in Pusat Bandar Damansara, has 15.84 acres across the road from Damansara City. KL Pavilion is one of Kuala Lumpur’s most successful mall. Lim is Malton Bhd executive chairman and Pavilion REIT chairman.

Although the talks have fallen through, there are, neverthless, plans to connect DC Mall to Lim’s development via a covered walkway as Lim’s development will have direct access to the Pusat Bandar Damansara MRT station.

When broached on what happened at these “talks” which took place earlier this year, and what was the sticking point, Tan said there were talks but “nothing happened”. Tan said he met Lim “a few times” but declined to comment further.

The mall, with a net lettable area of about 170,000 sq ft is about half the size of Bangsar Shopping Centre (BSC). Up to 70% of its net lettable area will be food and beverage outlets, Tan said.

DC Mall “has to be different” because there are too many malls with the fashion element in the vicinity. Also, there are no plans to compete with Lim’s retail mall, BSC or Bangsar Village which is located in the commercial area of Bangsar.

The rental for the ground floor units will be about RM25 per sq ft compared with BSC’s RM35 psf. On an overall average basis, DC Mall will be leased at about RM8 psf.

At the press conference earlier, Tan said Hong Leong Group Malaysia will be consolidating its various companies and will be making a 33-storey office block in Damansara City its global headquarters. This means Hong Leong Bank HQ will be vacating its current place in Wisma Hong Leong, Jalan Perak in the city.

There are plans to either lease out Wisma Hong Leong or to redevelop the slightly more than 1 acre site with a higher plot ratio, according to a source. At press time, Hong Leong group, via GuocoLand, has yet to revert as to what it plans to do with Wisma Hong Leong. GuocoLand is the property arm of the Hong Leong group.

When Wisma Hong Leong, Jalan Perak was built about 20 years ago, the permissible plot ratio then was a lot lower and it will be able to get a better plot ratio. Wisma Hong Leong is owned by Hong Leong Assurance Bhd, a wholly-owned subsidiary of Hong Leong Financial Group.

Said a source: “They have two options and both the leasing and the business development departments are considering different possibilities.”

GuocoLand, which currently occupies three floors in Menara HP, will also be moving into second office block in Damansara City. It will occupy the 19-storey building and lease out the rest of the floors. Office rental in Damansara City is expected to be about RM7 psf compared to older Damansara Heights offices of between RM4 and RM4.50 psf.

According the news, 60% take up rate from foreign investor and half of those from Singapore. Instead of saying that this is a clear sign of investor confidence on Malaysia, to me This is a clearer sign of how shitty our currency is !!!