Gracing the skyline of Damansara Heights is the 36-storey Twins @ Damansara Heights, dwarfing its neighbors Menara Manulife, Wisma UOA Damansara I, Wisma OUA Damansara II, and Wisma Guthrie. A freehold luxury condominium housing a total of 318 units, the Twins @ Damansara is nestled on Jalan Johar. It is within short distances to government offices, a few restaurants, hotels, embassies and multinational companies.
Units at the Twins @ Damansara Heights measure from 766 to 2,078 sqf for standard and from 2,171 to 5,261 sqf for penthouses. Each unit is finished with imported marble, ceramic and porcelain tiles. Each is also partially furnished with kitchen appliances and cabinets and wardrobes and equipped with Smart Home System.
Besides the usual facilities such as 24-hour security, swimming pool and multi-purpose rooms, dwellers of Twins are afforded a yoga/aerobic studio, surau, mini theater, library, and a fully-equipped sky gym. Towering over other buildings in the Damansara Heights and being situated on a hill, Twins offers its residents unobstructed view of the city centre and neighboring communities.
Show Me The Moolah
As of writing, current asking prices for units at Twins @ Damansara start from RM1,000 psf. This is almost comparable to Clearwater Residences which also sells from the same minimum. However, it is quite pricey compared to Lagenda Damansara which is selling at an average of RM700 psf.
We note that the average asking prices for condominiums in the city centre are already breaching the RM1,000 psf point, and it’s only a matter of time before the upmarket apartments located in the Damansara area to follow suit. To know for sure if this is a fair price to pay, conduct a “comparative analysis” using this simple guide which you can download here.
Around Damansara Heights
Damansara Heights is known to be a community of elite personalities in Kuala Lumpur. Situated on the hills, it is one of the most exclusive neighborhoods that is popular among locals and expatriates. Although it is just a short drive from the city centre, it offers residents a serene atmosphere with stunning views of the city centre and its neighborhood.
As Damansara is an exclusive neighborhoods, only a few restaurants may be found within the vicinity. Restaurants nearby Twins are Restaurant Ali Maju, Restaurant Shah Maju and Kafe Dua Musim.
The good news is, Bangsar is right next door where you will find more options. 🙂
Shopping centres are within short driving ranges from Twins. The iconic Bangsar Shopping Centre is right across while Mid Valley Megamall is about 15 minutes away. The Gardens Mall and Bangsar Village I and II are also within a short drive.
Aside from several international schools such as Sayfol, Julia Gabriel, KL International School, Alice Smith and Mont Kiara International School, other schools within the area are Sekolah Menengah Kebangsaan Bukit Bandaraya, Malaysian Flying Academy and MAHSA University College.
Besides these, a number of embassies, fitness centres, clinics, nurseries, worship places, pharmacies, spas and salons may be found nearby.
The good thing about Damansara Heights’ location is that everything you need is within short distances. Exclusivity does not mean having to compromise convenience after all. Damansara Heights may be accessed through Sprint Highway via major highways in Kuala Lumpur such as Utara-Selatan Highway, Jalan Duta-Sungai Buloh Highway, Jalan Duta and Jalan Maarof.
There are no trains servicing Damansara Heights and your best bet at public transport are RapidKL buses. From the city centre, take a train to KL Sentral.
JV Between Property Development Powerhouses
Twins @ Damansara was developed by Paranero Sdn Bhd, a joint venture of The Lion Group, AIG Investments and Global Real Estate, and Singaporean firms Koh Maju and Heeton Venture. Paranero is indeed a collaboration among real estate giants.
Malaysia’s local The Lion Group has made a reputation with over two decades of property development that includes shopping malls, hotels, resorts, golf courses, commercial and industrial properties. Its impressive portfolio consists of success stories such as One Residency and Saujana Residency.
As of June 200, AIG Investments and Global Real Estate owns and manages approximately US$143 billion in equity worldwide. A publicly listed company in the Singapore Stock Exchange, Koh Maju is involved in boutique developments. Projects in their portfolio include The Capri, The Montana, Bungalows @ Caldecott and The Sierra in Singapore.
Heeton Venture, subsidiary of Heeton Holdings Ltd., is also a publicly listed firm in the Singapore Stock Exchange. Their portfolio boasts of DLV at 70 Dalvey Road and The Elements@Stevens both in Singapore.
Is it Worthy? Here’s What We Think…
The exclusivity, luxury and upscale facilities are probably the reason for the extra premium that you’ll pay for Twins. If these are in your list of top priorities, then it is a good investment. Also, the fact that four real estate giants collaborated on this project means that it has a great potential. If you are the type who would prefer to have bars and restaurants at your doorstep, then you should be looking at KLCC instead.
Damansara Heights may have the perception of being the “Beverly Hills” of Malaysia, consisting up upscale bungalows on a hilly terrain. Twins is one of the few condominiums in this area (although it is technically nearer to Pusat Bandar Damansara than Bukit Damansara), and for that it may just justify its premium price tag. To know what’s the fair price to pay for Twins, use this guide (on how to properly value a property) – it’s free to download courtesy of GoodPlace.my.