Nestled in Lorong Damai 13 (off Jalan Ampang) is Damai 206, a low-rise freehold condominium known for its exclusivity on the famed Embassy Row. Damai 206 is Metroworld’s maiden development project; it is primarily known as a real estate agency more than anything else. Will this “forward integration” work for them? Well, we’ll find out soon enough. 🙂
Damai 206’s luxurious façade is rather “hidden” from the main road, which means that it’s rather hard to find. To tenants, this is heaven sent, and remains a very strong selling point in the sub sale market. Location-wise, it’s but a few walks behind the residence of Saudi Arabia Royal Ambassador (is this a bragging right?); Lorong Damai 13 is shared together with the Nomad SuCasa and Persia on Ampang Walk, an Iranian food joint serving rather juicy Soltani kebabs. Some agents may want to trumpet the fact that it’s walking distance to AmpWalk where there is a host of shops and restaurants for convenience, but trust us – that’s nothing to shout about.
A Quick 101 On Damai 206
Being a low-rise condominium entitles Damai 206’s residents to privacy and exclusivity. The condominium is made up of only ten storeys, with a total of 18 units (1.8 units per storey – how’s that for low density?). With this, residents can expect spacious rooms, as built-up areas for the Damai 206 start at 3,106 square feet, with bigger units measuring at 3,112 square feet. Units come with 3+1 bedrooms, as well as four bathrooms. The developers boast of invoking the “memories of once splendor living in uncompromising luxury bungalow” (their words, not mine. They ain’t kidding.
When it comes to design, Damai 206’s units come with designer floor tiles, as well as a Jacuzzi for master bedrooms. Units also come with floor to ceiling glass panelling in order to allow natural sunlight to come int. The kitchen has a touch of French design, and feng shui definitely plays a role for the condominium’s units.
Private lifts are available for its residents and are activated by a thumb scanner. Just slightly less sophisticated than a retinal scan 😉 This feature is just one among many features of the condominium’s 24-hour enhanced security system, which also includes a CCTVs and round-the-clock surveillance.
Modern facilities await Damai 206 residents. One can relax on the condominium’s infinity pool after a quick workout in its poolside gymnasium. Private Jacuzzis are included in each unit’s master bedrooms. There is also a wading pool and a laundry room, a multipurpose room, and a 44x covered parking that is exclusive for Damai 206 residents.
Location Matters… And More
Lorong Damai is merely a stone’s throw away from the bustling Kuala Lumpur city centre. Being located in Ampang Hilir or Embassy Row makes this condominium very attractive to expatriates who work in the area’s many embassies. In addition, the condominium is also close to a lot of facilities, including shopping malls, restaurants, schools, hospitals, and even golf courses. Damai 206 balances work and play through its location, as KLCC is not too far away. Lorong Damai is an exclusive area, which promises quiet surroundings, as well as a peaceful atmosphere.
Embassy Row can be reached via public transportation as bus services and taxi stands frequent the area. Also, RapidKL buses are common on its roads. One can take Jalan Ampang in order to reach downtown Kuala Lumpur, or use private transportation and take Ampang or Middle Ring Road 2 to reach other destinations in the city.
Since its completion back in 2010, most buyers were lucky enough to buy units at a launch price of about RM700 per square feet. Sub sale prices are now breaching RM1,000 PSF – the common benchmark of most apartments in the Embassy Row, and by extension KLCC. It’s easy to pinpoint its increase in price – the location is superb (arguably the best on the Embassy Row – quiet and yet central).
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Given the large-ish sizes of the units, the target tenant seems to be the growing or mid-sized family which centres around the Embassy Row – perhaps the staffers of the Saudi Ambassador himself. That said, the rental market may be niche-y, and limited to those with deeper pockets with a need to be in central Kuala Lumpur.
Damai 206 is a project by MetroWorld, a real estate agency is still trying to make its way in Malaysia’s scene as a developer, but with Damai 206, it seems set to achieve grander things in the future when it comes to developing luxury homes and condominiums. Being a boutique developer has got its advantages, but many are vary of small companies because of their propensity to go bust. So far, there’s minimal negative publicity surrounding the company and so that has got to be a good thing 🙂
Long term investments from credible investors and high rental returns have been reported; investing on one of its limited units is looks like a good score – but as always, do your homework! Paying some RM3.5 million for a unit here is no joke, and to find out if this is a fair price to pay, download this real estate valuation guide (free, courtesy of GoodPlace.my) here below –