After years of meticulous planning, Damansara City is finally ready to be unveiled to the public. With a gross development value of RM2.5 billion, the integrated development located in Damansara Heights and sitting next to Pusat Bandar Damansara is poised to become an exclusive new icon of the area.
Spanning 8.5 acres of freehold land, the Guocoland Malaysia Bhd’s flagship project will feature two luxury residential blocks, two office towers and a world class hotel as well as a lifestyle shopping mall. Damansara City is also a ground-breaker of sorts as it is Damansara Heights’ very first integrated development.
Destined to enhance the value of the neighbourhood, the upcoming Guocoland project offers a complete lifestyle experience with its masterplan. Setting the pace for the development is its residential component known as the DC Residency.
Just like the brand’s other residences including Emerald Gardens and 3 Kia Peng, said component embodies the developer’s commitment to create homes that last. Apart from quality, design, maintenance and services were equally prioritized hence a luxury home where you come first.
Choices and a New Pricing Benchmark
DC Residency features a total of 370 units of luxury serviced apartments with a gross development value (GDV) of RM830 million. Targeted at a diverse group of investors and home seekers, units’ built-up area start from a modest 938 sq.ft. to a generous 3,056 sq.ft. Young professionals, couples and families have options between one-bedroom units up to 3+1 bedroom.
Each unit is equipped with designer appliances from brands such as Catalano, Miele, Gessi Emporio and Poggenpohl.
Housed in the first tower are 185 units that boast superior fittings and premium quality. But topping it all off are the panoramic views of Damansara Heights and Bangsar neighbourhood. It’s pretty awesome. 🙂
Price is set at an average of RM1,500 psf which is believed to be a new benchmark for the location. In fact, even the company’s managing director, Mr. Tan Lee Koon claims that the pricing for DC Residency is a “value buy” considering that this is one of KL’s best high rise products.
Make sure to double check fairness of the property’s price in relation to its market value. To get a better understanding of DC Residency’s market price, use our valuation guide which you can download for free (click here).
The residential aspect of Damansara City is under Guoco group’s five-star hotel brand referred as Clermont. This means that potential buyers can expect topnotch services including room service and other ala carte services. Also enriching your luxurious modern experience are cutting edge and practical facilities which include:
- Olympic-length saltwater infinity pool
- Aqua gymnasium
- Multi-purpose hall
- Function rooms
- Private dining rooms
- Chauffeurs’ rooms
- Barbecue pit
Staying in line with its non-speculative branded route, DC Residency aspires to provide a high class apartment unit complete with hotel services. Testing if that’s enough to entice buyers is the first residential tower which will then be followed by the second tower. Both residential towers are scheduled to be completed in 2015.
Excellent Amenities and Accessibility
Seeing that Damansara Heights is designed as one of the country’s key developments, DC Residency benefits from the advantages of a prime location. In addition to neighbouring with affluent townships, the development sits close to prime commercial centres including Mont Kiara and Bangsar. Also very close to the site is the Damansara Town Centre where a myriad of amenities are located.
Whether it is leisure, business, necessities or education, DC Residency boasts of an ideal location where everything is easily accessible. A number of premier schools, colleges and universities sit nearby. There are also golf clubs and courses alongside the Lake Garden for recreation. The Pantai Hospital is a short drive away and a host of other commercial offices are within reach. Let’s not forget that the Petronas Twin Towers sit a mere minutes away.
In terms of connectivity, road and rail infrastructures are within the vicinity hence unparalleled accessibility that’s next to none. Conveniently serving the development are several highways including New Pantai Expressway, SPRINT, Penchala Link and Federal Highway. In addition, the city’s transportation hub is close by plus there’s the proposed MRT station which will immensely benefit commuters in the area.
What We Think
Dubbed as the new icon of Damansara Heights, Damansara City (where DC Residency is a part of) is destined for real estate development greatness. It is a key project that aims to transform Malaysia into a high-income country by year 2020. And the fact that this flagship development is a part of the Economic Transformation Programme makes it a great investment poised for high potential for appreciation.
Despite its promise of high returns though, it is just as important to check on DC Residency’s fair market value today. To help you get that job done, below is our free guide which you can download below.