Located in Damansara Perdana, Petaling Jaya, and a stone’s throw from Empire Damansara is the leasehold mixed development Metropolitan Square. Developed by MK Land (Armanee Terrace, Rafflesia, One Damansara), the property comprises of condominiums and commercial complexes, which is divided into six blocks for residential and one block for offices and commercial spaces.
It does seem that the newer properties in greater Kuala Lumpur are now trending towards integrated developments; projects like Empire Subang (Subang Jaya), Platinum Park (KLCC) and to a lesser extent, SetiaWalk (Puchong) are gaining superb traction with their “everything under one roof” concept. Metropolitan Square (also marketed as Metropolitan SQ) was a pioneer of sorts, having launched in early 2007 although the final phase is set to complete sometime in late 2013.
The Metropolitan Square is made up of six blocks. Block A would comprise of 300 units, while Block B would be home to 186 units. Block C would be made up of 258 units. Block D would house 537 units, while Block E is occupied with 252 units. Lastly, Block E will have 396 units. Built-up areas for these residential units start at 450 square feet, while larger units have built-up areas that reach up to 1,462 square feet. Office and commercial spaces would have built-up areas that start from 525 square feet to 1,276 square feet.
The final phase (Block C) was launched at around RM500 PSF, and this should be the benchmark for any sub sale units that you find here from previous phases. For a guide on how to know how much a unit here at Metropolitan Square is really worth, use this property valuation guide – click here for your free copy.
The Metropolitan Square will be a haven for those who live a luxurious and fast lifestyle. The mixed development features six swimming pools, including two infinity pools, two children’s pools, and two lap pools.
There are also two badminton courts for those who value an active lifestyle, as well as a children’s playground, lined with a reflexology path on gardens. There’s also a barbecue area, a clubhouse, a tennis court, and a sauna for ultimate relaxation. A steam room would also be made available exclusive for use by its residents, a nature trail, and a gymnasium. 24-hour security systems would be provided, which will include a smart card access system to ensure maximum security.
The Metropolitan Square is already home to a lot of commercial complexes, however, Damansara Perdana is also located close to popular shops, restaurants, and bars to keep residents’ options open if they want to experience DP’s amenities and other facilities nearby. Financial institutions such as the Scotia Bank and CitiBank are all nearby from the mixed development. Cafes, restaurants, convenience stores, and shops are all within walking distance from the Metropolitan Square. Tesco, The Curve, IKEA, Courts Mammoth, and e-Curve may also be reached by foot. Kidzania, the PJ Trade Center are all nearby, and Neo Damansara is just opposite from the property.
Residents with vehicles can go to popular destinations in Kuala Lumpur easily. One may reach Sri Hartamas, the Federal Highway, and posh Mont Kiara via the Penchala link in minutes by private transport. Furthermore, Damansara-Puchong Highway(LDP) may take residents to Sunway, Subang, Kepong, and Puchong. Bangsar and Damansara Heights can be reached within a few driving minutes via the SPRINT Highway, and taking the nearby MRR2 Highway would quickly take them to Cheras, Melawati, and Ampang.
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Investors may consider the Metropolitan Square as a sound investment because of its capital appreciation since its launch in 2007. The possibility of high rental yields is high because of its location and facilities. Commercial properties such as the PJ Trade Centre makes units have a higher market value, and the future completion of DASH Highway is only going to make the Metropolitan Square attractive to potential investors and residents.
MK Land is a specialist when it comes to Damansara Perdana – it’s portfolio of properties in this area is second to none. Developer reputation is a huge driver of sub sale prices these days, and the MK Land brand will put an extra premium on top of asking prices for sure. Remember to factor this into your estimated price – use the framework in the property valuation guide below to help you.