Catering to the upper class locals and affluent expatriates is Damansara Heights, one of Klang Valley’s most exclusive residential and commercial township. Strategic location has always been its main selling point and greatest strength. Within this illustrious enclave are the most upmarket and pricey houses across the country. It still remains a widely sought-after address and an exceptional investment for both investors and home-seekers.
Kuala Lumpur’s Beverly Hills
Likened to the infamous Beverly Hills of the United States, Damansara Heights is Kuala Lumpur’s very own version of that upmarket neighbourhood. It sits high up on the hills with the city centre a mere 5km away, Damansara Heights has become a self-sustaining township featuring double-storey terraces for the privileged few. It calls Damansara Mutiara and Damansar Perdana as neighbours but Damansara Heights enjoys closer proximity to Bangsar and KLCC. It is also more established as a mature township posing more advantages to offer to investors than its neighbours.
Though there is a wide selection of houses sprawled within Damansara Heights, one of its best sellers are 2-storey terrace units. In fact, all locations with such units enjoy high and strong demand. Two areas that immediately stands talking about terraces are Setiabpuspa and Setiabistari. Both are overwhelmingly successful wherein standard units are sold from a minimum of RM1.2 million to RM1.4 million.
Given that Damansara Heights is a prime and exclusive location, expect to see steeper price tags for all the units. To check if the prices are fair enough as per its market value, use our free price valuation guide.
More Choices of Upmarket Homes
Another choice that are increasingly becoming popular among investors are semi-detached houses priced from RM3.5 million onwards. These units are targeted for expanding and growing families. More space is the focus of its design and some of the prime units are located within the vicinity of Setiamurni and Setiabaki. Some home buyers prefer detached homes nestled within gated communities such as Seri Beringin. For such units, expect to fork out a minimum of RM4.5 million.
During the past years, Damansara Heights has also witnessed an increasing demand for condominium units. The shift has led to an incredible price increase of more than RM1,000 psf for condo units. It is also expected that the trend will continue in the coming years hence putting condo options with the strongest upside.
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As more home buyers and investors flock to the area, penchant for other types of houses have also been observed. Gated developments, for instance, have seen an increase in demand as well as low rise condo-like townhouses and even multi-generation living houses.
No Shortage of Amenities
Apart from its ideal location, another draw that attracts local and international high earners to the township are the diverse amenities on top of first class facilities. Within the vicinity are facilities such as:
> Plaza Damansara
> Youth parks
> Golf country clubs
Also within reach are several shopping malls including the Hartamas Shopping Centre, Mid Valley Megamall and Bangsar Shopping Centre. If you’re craving for a much-needed retail therapy, there’s no need to go far. The aforementioned shopping complexes are just a few minutes by car. It’s just like stepping outside your home and immediately enjoying the conveniences of a myriad of retail shops, fine international dining and many more.
Indeed a Top Investment Location
Proving that Damansara Heights is a truly a gem of a location, residents in this part of Klang Valley enjoys superb connectivity to key destinations. It has benefited more connectedness to the rest of Klang Valley over the years. Easy access is provided for by the several highways including SPRINT which links to the upcoming MRT project, Penchala Link, Mont’ Kiara and to Kerinchi Link.
Most residents may have their own cars, but in case there’s a need for public transport, the choices include the LRT, bus services and hired taxis. With so many transport options to choose from, it’s no surprise why Damansara Heights continues to thrive and grow. Going in and out of the development to the rest of civilization is ultra convenient. And that kind of modern convenience make township living even more appealing.
But with its remarkable popularity and reputation as a top investment choice for the past and coming years, Damansara Heights hit a bump in the road. One drawback that was born as a result of its popularity is traffic in some areas. Congestion in the roads is especially frequent in commercial areas. It is something that should be addressed holistically in order to maintain sustainability in the long run.
The benefits, advantages and affluence that Damansara Heights offers are still very attractive regardless of minor issues. With that in mind, it is still an excellent investment location. But just like with any other location, it’s crucial to double fair market value. To get a better understanding of Damansara Heights’ pricing and property valuation for the units, use our free ebook guide below.