D'Erica Residences, Damansara Perdana

  • Caitlyn
  • 23 June 2021

D’Erica Residences is located in Damansara Perdana, and it is part of Central Park Damansara’s 65-acre township. Developed by Exsim, the Central Park Damansara township comprises offices, residential, and retail hub. For residences, it consists of D-Series, a series of serviced residence projects, named D’Erica Residences (phase 4), D’Cosmos Residences (phase 3), D’Vervain Residences (phase 2), and D’Quince Residences (phase 1).

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D’Erica Residences is the latest phase of high-rise residences there. D’Erica Residences is marketed as “a haven enveloped in abundant, overflowing flora to refresh and delight your mind, body and soul”.

The project is set against a backdrop of jungle. Thus, residents would be at the intersection of contemporary living and wilderness. The hills beyond the development inspired the idea of a space where nature is the designer and the greenery flows from the surroundings into the living room.

D’Erica Residences is primed to bring a new standard of living to Damansara Perdana. It offers a range of modern living spaces, with views from the Sky Garden. Additionally, D’Erica Residences is located at the much sought after area that has been dubbed the golden triangle area of Damansara.

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Address: Jalan PJU 8/8, Damansara Perdana, 47820 Selangor

Developer: Exsim Development Sdn Bhd

Property Type: Condominium

Land Area: 3.15 acres

Land Title: Commercial under HDA

Tenure: Leasehold

No. of Blocks: 2

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Total Units: 1,143 (Tower A: 528 units, Tower B: 615 units)

Sales Gallery: G89K & 89L, Ground Level, Empire City, No 8, Jalan Damansara, PJU 8, 47820 Petaling Jaya, Selangor

Year of Completion: Q4 2024

Built-up: 1,000 sq ft – 1,540 sq ft

Facilities:

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Lower Ground 2

  • Drop-off tower B
  • Lobby lounge tower B

Ground

  • Entrance avenue
  • Drop-off tower A
  • Lobby lounge tower A

Level 7

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  • Tranquil pool
  • Sun lounger deck
  • Sports hub (Badminton court/ Half basketball court/ Table tennis)
  • Jacuzzi cove
  • Fitness house (Double-decker)
  • Kid’s pool
  • Rest corner
  • Dry fountain
  • Reader’s hideout
  • Kid’s playground
  • Hammock gazebo
  • Kid’s play house
  • Lush green lawn
  • Zen garden
  • Zen gazebo
  • Games house
  • Mound play
  • Garden dining & barbeque
  • Multi-use hall

Roof

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  • Outdoor fitness
  • Modern forest
  • Zen gazebo
  • Yoga deck
  • Rooftop dining
  • Viewing deck
  • Zen garden

Launch Price: From RM624,000

Launch Price Per Sq Ft: About RM595 per sq ft

Maintenance Fee: RM0.28 per sq ft (including sinking fund)

Project Details

D’Erica Residences offers built-ups ranging from 1,000 sq ft to 1,540 sq ft, with 3 to 4 bedrooms. The layout is said to be functional and efficient, fusing the developer’s philosophy of smart living and good design, where the units optimise space, natural light, and ventilation.

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For Tower A, northwest faces Sungai Buloh and southeast faces TTDI / Mont Kiara. For Tower B, the northeast faces Desa ParkCity, north faces Damansara Avenue, south faces Mutiara Damansara, and southwest faces Bandar Utama / Kota Damansara. Depending on the tower and the side a unit faces, residents are likely to be shielded from the traffic noise from the Damansara-Puchong Expressway (LDP), while facing the forest or rock.

D’Erica Residences features Zen concepts that creates a sense of escape as one ventures into the soothing comforts of the jungle. Blending seamlessly into this backdrop is a range of facilities on Level 7 and roof (listed in Introduction section).

Units at D’Erica Residences are priced from RM624,000.

Unit Types

Built-Up

Type A1

·       1,000 sq ft

·       3 bedrooms

·       2 bathrooms

·       1 utility room

·       1 balcony

Type A2

·       1,000 sq ft

·       3 bedrooms

·       2 bathrooms

·       1 utility room

Type B1

·       1,200 sq ft

·       4 bedrooms

·       2 bathrooms

·       1 balcony

Type B2

·       1,200 sq ft

·       4 bedrooms

·       2 bathrooms

Type C1

·       1,200 sq ft

·       4 bedrooms

·       2 bathrooms

·       1 balcony

Type C2

·       1,200 sq ft

·       4 bedrooms

·       2 bathrooms

Type D1

·       1,540 sq ft

·       4 bedrooms

·       3 bathrooms

·       1 balcony

·       1 lanai

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Location

D’Erica Residences is located adjacent to the Damansara-Puchong Expressway (LDP), and it is also accessible via SPRINT Highway, Penchala Link, and Damansara-Shah Alam Elevated Expressway (DASH).

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Being in a well-developed part of Petaling Jaya, the project is surrounded by mature neighbourhoods including Mutiara Damansara, Damansara Perdana, Bandar Utama, Damansara Utama, Kota Damansara, Taman Tun Dr Ismail, Desa ParkCity, and Tropicana.

It is just a 5 minutes’ drive to 1 Utama, and the Mutiara Damansara MRT station. Plus, there are other amenities such as The Curve, IKEA Damansara, KPJ Damansara Specialist Centre, and many others. There’s also a sky bridge connecting Empire City and Central Park Damansara.

Here’s how close D’Erica Residences is to popular destinations:

  • 1 min to Empire City
  • 2 minutes to LDP
  • 5 minutes to 1 Utama / 1 First Avenue / The Curve / IKEA / Lotus’s
  • 10 minutes to Desa ParkCity
  • 12 minutes to Mont Kiara
  • 15 minutes to KL city centre

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Accessibility

  • Lebuhraya Damansara-Puchong (LDP)
  • Jalan PJU 8/8
  • Jalan Damansara
  • Penchala Link
  • Damansara-Shah Alam Elevated Expressway (DASH)
  • North Klang Valley Expressway (NKVE)
  • SPRINT Highway
  • Middle Ring Road 2 (MRR2)
  • Persiaran Surian
  • MRT Mutiara Damansara (SBK08)   

Education

  • Kinderland @ Sunway SPK
  • SMK Bandar Utama Damansara 4
  • SEGi College Kota Damansara
  • Sri KDU / KDU International Schools
  • The British International School of Kuala Lumpur
  • Garden International School
  • Mont Kiara International School
  • The International School @ Parkcity
  • SRJK Puay Chai (2)
  • SMK Taman Tun Dr Ismail
  • SK Bukit Lanjan
  • The International School @ ParkCity
  • SMK Desa Mahkota
  • SJK (C) Kepong (3) ParkCity
  • Menjalara High School
  • Sekolah Menengah Kebangsaan Sinar Bintang
  • SK Bandar Sri Damansara 3

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Medical Care

  • Thompson Hospital Kota Damansara
  • KPJ Damansara Specialist Centre
  • ParkCity Medical Centre
  • Alpha Specialist Centre Kota Damansara

Shopping

  • Empire City
  • Lotus’s Mutiara Damansara
  • The Curve
  • IKEA Damansara
  • IPC Shopping Centre
  • 1 Utama Shopping Centre
  • Sunway Giza Mall
  • The Waterfront
  • Plaza Arkadia
  • ParkCity TownCenter
  • Lotus’s Kepong
  • Kepong Village Mall
  • Damansara Avenue
  • Decathlon Sri Damansara
  • NSK Trade City Kota Damansara

Recreation

  • Kidzania
  • Bentley Music Academy
  • KL Golf & Country Club
  • Tropicana Golf and Country Resort
  • Sri Selangor Golf Club
  • The Club Bukit Utama
  • Mutiara Damansara Recreational Park
  • Central Park Bandar Utama
  • The Rafflesia Lake & Park
  • Denai Tiga Puteri Peak
  • Taman Tasik Menjalara
  • Padang Kota Damansara
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Analysis

Some opine that D’Erica Residences is better positioned compared to D’Cosmos Residences, D’Quince Residences, or D’Vervain Residences, as it’s slightly further away from the other 3 residences. The units facing the reserve forest are hotter picks based on units sold as indicated on the sales chart. There are also concerns about density. Collectively, D’Series will have about 3,900 units. Some compared it to OUG Parklane which has about 4,225 units.

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D’Erica Residences definitely has location on its side. There are plenty of amenities within a 10- to 15-minute drive. Residents can also take a short walk to Empire City or Metropolitan Square. Priced from RM624,000, it is thought of as being affordable.

Some of the developments that the folks at online forums have compared D’Erica Residences to from a price point are The Arcuz at Kelana Jaya, Damansara Foresta at Bandar Sri Damansara, Cita Damansara at Kota Damansara, and Sunway Serene at Kelana Jaya. There’s also the thought that if one is going for the higher priced units at D’Erica Residences, there could be better options in the deeper parts of Kota Damansara, or Damansara.

The completion dates for the various phases are relatively close, perhaps about a year. Thus, investors could be competing with a lot of units for the rental or sub-sale market.

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Here’s a quick look at residential properties in or close to Damansara Perdana.

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

D’Erica Residences by Exsim Group

Leasehold

Condominium

2024

1,000 sq ft – 1,540 sq ft

From RM624,000

Flora Damansara by Saujana Triangle (MK Land)

Leasehold

Apartment

2005

646 – 1,776 sq ft

N/A

Ritze Perdana 2 by Usaha Hartamas (MK Land)

Leasehold

Condominium

2009

420 sq ft – 849 sq ft

From RM259,000

Metropolitan Square by Saujana Triangle (MK Land)

Leasehold

Condominium / Serviced Residence

2014

  • Condo:
    450 – 1,462 sq ft
  • Serviced Apartments: 452 – 2,702 sq ft

From
RM199,204

Reflection Residences by Glomac Berhad

Freehold

Condominium

2015

1,092 sq ft – 1,705 sq ft

From RM940,000

Damansara Foresta by Land & General Berhad

Freehold

Condominium

2015

1,425 sq ft – 1,610 sq ft

From RM570,000 (Block A)

Sunway SPK 3 Harmoni by Sunway City Bhd & SPK Bhd

Freehold

Townhouse

2015

2,336 sq ft – 2,583 sq ft

From RM857,000

Westside 3 by Perdana ParkCity Sdn Bhd

Freehold

Condominium

2019

1,077 sq ft – 1,927 sq ft

From RM684,972

The Trees Damansara by Golden Armani Sdn Bhd

Freehold

Condominium

2020

849 – 1,025 sq ft

RM425,000

East Parc @ Menjalara by Fiamma Holdings Bhd

Leasehold

Serviced Apartment

2020

600 sq ft – 1,522 sq ft

From RM424,900

Hampton Damansara by Malaysia Land Properties Sdn Bhd

Freehold

Serviced Apartment

2020

915 sq ft – 2,009 sq ft

From RM686,250

VIM 3 by VST Development Sdn Bhd

Leasehold

Serviced Apartment

2020

460 sq ft – 920 sq ft

From RM289,800

Mizumi Residences by Wawasan Metro Bina Sdn Bhd

Leasehold

Condominium

2020

901 sq ft – 1,027 sq ft

From RM388,000

East Parc @ Menjalara by Fiamma Holdings Bhd

Leasehold

Serviced Apartment

2020

600 sq ft – 1,522 sq ft

From RM424,900

Ativo Suites at Damansara Avenue by TA Global Berhad

Freehold

Serviced Residence

2021

499 sq ft – 1,498 sq ft

From RM481,000

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Summary

Strategically located in the north Petaling Jaya corridor, D’Erica Residences is surrounded by highways, access roads, leisure, entertainment, eateries, hospitals, schools, and colleges. One can’t argue that this development has location and accessibility on its side. It is seen as a worthy investment for those who can hold on to it for 5 to 10 years.

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The entry is low as well, with booking fee of RM100. However, do ask the sales personnel about the terms for cancellations.

So, if you’re interested in a unit at D’Erica Residences that’s priced at RM700,000, here are its estimated loan figures based on the PropertyGuru Home Loan Calculator and PropertyGuru Home Loan Eligibility and Affordability Calculator.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM70,000
  • Loan amount: RM630,000
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM2,829
  • Approximate required gross annual income: RM109,000*

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Home loan basics: Know your Debt Service Ratio (DSR)!

DSR is a method used by banks in Malaysia to calculate whether you can afford the loan you’re applying for. To calculate your Debt Service Ratio (DSR), refer to the FREE PropertyGuru Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.

* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan.

 

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Eric Wong

Caitlyn

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