I'm also a DU man.

Uptown Residences is a low density project in relative to its entire development size.

I also worked at Deloitte before, and I can say that RENTAL is not dependent on expatriates... but rather Senior Audit friends from outstation/other states who badly needs a home nearby. Other companies operating in Uptown Office Towers and the spillover from nearby Offices in Bandar Utama are mainly Multinationals and established Local Companies.

You'll be surprised that Demand will exceed the supply here given that Damansara Uptown is established and that places in Bandar Utama-Mutiara Damansara-TTDI are much more expensive than DU. Uptown will target the higher-end of locals/young expats that most probably renting in Pelangi.

It is also interesting to note that Uptown will have its own Retail Mall (SHC is leasing anchor tenants) and an Ascott's Somerset-branded suites - the first of its kind in PJ - where quality hotel and serviced apartments are insufficient to cater to influx of New Offices. For that we can see that 5-star ONE World Hotel is doing quite well.

By 2015, Uptown Residences will have to compete with other similar projects nearby like The Greens TTDI, Glomac Residences, Reflection Residences, Glomac Centro Towers, Boulevard Damansara Residence, etc. (Note: Atria SOFO Suites is excluded as it comes under office play)

This post has been edited by accetera: Mar 29 2012, 11:27 AM

THE STARLING @ DAMANSARA UPTOWN
http://www.duptown.com/mall.php



A 'STAR' is coming to Uptown



Another upcoming commercial development in the heart of Petaling Jaya, The Starling (retail centre) is set to provide another holistic and vibrant shopping experience in Damansara Uptown, come second half of 2015. Costing RM350 million with an approximate net lettable area of 328,000 sq.ft, the five storey retail centre will unfold a world of exciting retail mix, a varied selection of dining offerings and greater leisure pursuits. Indulge and pamper your senses as you’ve never done before in the Starling.

OPEN FOR LEASING ONLY NOW.


Somerset Damansara Uptown has changed design.





Somerset Damansara Uptown will be able to house visiting business partners, friends and relatives. The building is targeted to have 24-storeys and 200 rooms and is slated to open in 2016. Somerset Damansara Uptown will be managed by the renowned service residence owner-operator, The Ascott Limited. Upon completion, a range of furnished studios, one- and two-bedroom apartments will be available. Guests will be able to enjoy facilities such as a gymnasium, swimming pool, restaurant and sky lounge.

The construction is very fast!! Can see from my home!

I got call from See Hoy Chan too...

If not mistaken they got a few 1,900 sf onwards. Hard sell for very big size.

Uptown resi is like working every hour... night time aso underconstruction.

So dustyyy

Revised rendering for Damansara Uptown Phase 2


Source: SHCSB