GuocoLand Malaysia is launching about 60 units in DC
Residency, the residential component of Damansara
City , a luxury integrated development,
for sale to Singapore
This comes ahead of the
actual launch in Kuala Lumpur
DC Residency consist of two
28-storey residential towers with 185 units each. Units range from 899sqft
one-bedders to 2,075sqft three-plus-one bedders.
For now, only one tower is
for sale, and already, half of its 185 units have been snapped up even before
the launch, via private placement. Units in the second tower will be only
released for sales after the construction is completed.
The integrated development
also comes with two Grade A office towers, a F&B-centric lifestyle mall and
a five-star hotel run by The Clermont Hotel Group from London
The office towers are
already 80% committed while the retail mall is 30 - 40% committed.
DC Residency will be the
first phase to be completed, and buyers will get their keys at the end of 2015.
Properties there have seen
valuations increase 8 - 12% over the past two years, and DC Residency is
expected to garner net rental yields of 5 - 6%.
The entire integrated
development has a gross development value of RM2.5 billion. GuocoLand Malaysia
is also investing RM48 million to develop nearby infrastructure - specifically
one flyover and one tunnel - to minimise congestion for the benefit of residents,
office-goers, and shoppers.
A mass rapid transit (MRT)
station is being built next to Damansara
City
The special pre-launch sale
will be held at The Island Suite, Marina at Keppel Bay
Source: BT
Forget Iskandar and Dunga Bay , DC
Twins@Damansara
Heights was completed in 2010 and consists of 318 units spread over two
36-story towers. The current asking prices of 3- and 4-bedders units are around
RM1,000psf while the monthly rentals being sought on the 3-bedders (1,500+sqft)
are around RM4,000.
Then again, we are comparing
a brand new development versus one that's already 5-years old. So it may not be
exactly "apple-to-apple" but a relevant gauge nonetheless.
So for those who are looking to invest in Malaysia ,
it may be worth the trip down to Marina at Keppel Bay
Any brochure/floorplans/review to share?
ReplyDeleteThanks.
Nope, the wife and I did not managed to attend the launch. And since we are not on the "speed-dial" of the good people at GuocoLand (yet), they are unlikely to be sending us the brochures/floor-plans or update us on the sales status anytime soon... :)
ReplyDelete