If you’re looking for an easy-buy condo in the greater Petaling Jaya area (specifically in Damansara Perdana), you might want to give Flora Damansara a second or third look. You see, Flora Damansara would easily pale in comparison with the big condo names in PJ like Casa Tropicana or Westside One in Desa ParkCity about 5km away. But that’s the whole point of it. Flora Damansara was not made to be luxurious or grand; it was hardly even made to be beautiful. Flora Damansara were made to be very affordable. And if affordable is what you’re looking for in PJ or Damansara Perdana area, this is place to check out.
If there’s one really attractive trait of Flora Damansara is that it’s merely five minutes away from the Mutiara Damansara cluster of shopping malls in the form of IKEA, Ikano, The Curve and Tesco. And of course, this also means that newer malls like Empire Damansara is also near. You could probably hop on a bicycle and paddle merrily to get your fix of meatballs at IKEA and get back in forty minutes or less.
Pricing-wise, at the time of the publication of this review, the asking prices are at RM200 PSF level, and listings are plenty. You’ll be spoiled for choice for rental if you have got budget up to RM1,000 per month – virtually all the units are below this price point. To check what’s the fair market price for Flora Damansara, click here for a guide.
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You Get What You Pay For, Mate
The developers of the condominium are pretty uptight on renting out the units so this may not be the best choice for newbie real estate investors. They (the developers) insist on keeping the place residential, keeping the commercial spots to the commercial spaces on the first floor of the buildings.
(You may be wondering who the developers are – well, they are a subsidiary of MK Land which has got several upmarket properties in this area such as the Metropolitan Square as well as the Rafflesia. We have always had high regards for MK Land for its higher profile properties; Flora Damansara sticks out like a sore thumb indeed amongst the other projects in MK Land’s usually stellar portfolio.)
Amenities wise, there isn’t much to be expected from the area surrounding Flora Damansara. Of course residents can always easily go to Mutiara Damnasara for their shopping needs with TESCO and IKEA over there. Thankfully, this lack in amenities is so easily made up for by the fact that Flora Damansara is easily accessible through so many major thoroughfares. It sits right next to the LDP, and is a stone’s throw away from the Penchala Link .
There are six blocks of mid-rise towers (mostly 20-storeys high) that comprise Flora Damansara, totaling to a whopping 1,440 units – so if exclusivity and privacy, the good ol’ quiet is what you’re after, Flora Damansara would fall short of that. This is high-density at its finest.
Two of Flora Damansara’s six blocks, Blocks A and B, are made to be low-cost housing units with units selling at least RM 60,000. The rest of the blocks are sold at average prices, with asking prices not going any further than RM 290,000 at most.
The units at this leasehold property aren’t quite that big with built up spaces starting only at 650 square foot. There are not a lot of facilities to enjoy in the condo; they do have a swimming pool, a surau, a nursery and a playground.
There’s round-the-clock security to give residents some peace of mind but the lack of parking space might not exactly be something that residents appreciate. The cars that do not get to be accommodated in the limited space for parking are forced to park and line up in the sidewalk outside of the complex. Then again, in this average neighborhood, the lineup of cars is practically a common – albeit sore – sight.
What We Think
For its price there’s really nothing much to complain about, especially when it’s located so near the commercial area of Mutiara Damansara. Now as the popular saying goes, beggars can’t be choosers. For RM200+ PSF, there are really not that many choices at that price level anywhere in this area.
Now there may have been reports of shoddy workmanship (and also ghost hauntings!) as detailed in one of our favourite local property sites, but these stories are best taken with a large grain of salt; however, it’s a good idea to ask your agent to bring you around in the property and verify for yourself.
At this price point any prospective buyer would probably think “cheap”, but as any seasoned real estate investor will tell you, “cheap” doesn’t necessarily mean “fair”. Get an indication of how much Flora Damansara should be priced (fairly) using this guide from GoodPlace.my on property fair price valuation – you can download the ebook in the link that we will send you via email once you filled in this form below.