D'Quince Residences, Central Park Damansara

  • Caitlyn
  • 29 June 2021

In October 2019, Exsim Development Sdn Bhd acquired land in Damansara Perdana, Selangor. The land was owned by Mammoth Empire Holdings Sdn Bhd, and formally known as Empire City 2. Mammoth Empire Holding Sdn Bhd is the developer of the RM5 billion Empire City Damansara (ECD1). To complete ECD1, the company has formed a joint venture with Exsim, with the latter being its strategic partner.

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The land acquired by Exsim Development Sdn Bhd was previously dubbed as ECD2, and it is now an integrated development named Central Park Damansara. It will comprise offices, residential, and retail hub. The land is located along Lebuhraya Damansara-Puchong (LDP), diagonally across Empire City Damansara (ECD1).

D’Series consists of a series of serviced apartment projects (commercial under HDA, which will be developed on the residential plot in the 65-acre Central Park Damansara, situated next to the green hills of Damansara Perdana. There are 4 phases, and projects are inspired by the flowers (Quince, Vervain, Cosmos, and Erica).

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  • Phase 1: D’Quince Residences
  • Phase 2: D’Vervain Residences
  • Phase 3: D’Cosmos Residences
  • Phase 4: D’Erica Residences

The estimated gross development value (GDV) of Central Park Damansara will be RM9 billion, and the entire masterplan is expected to take 8 years to complete.  D’Quince Residences was launched in Q4 of 2019, and scheduled for completion in 2024.

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

Developer: Exsim Development Sdn Bhd

Property Type: Condominium

Land Area: 3.66 acres

Land Title: Commercial (under HDA)

Tenure: Leasehold

No. of Blocks: 2

No. of Storeys: 43 (Tower A) & 42 (Tower B)

Total Units: 1,310

  • Tower A (Level 9 to 52): 808 units
  • Tower B (Level 8 to 41): 502 units

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

Year of Completion: June 2024

Built-up Area: 550 sq ft, 900 sq ft, 1,100 sq ft

Facilities:

Basement 1

  • Arrival court

Ground Floor

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  • Entrance boulevard
  • Tower B lobby
  • Tower B drop-off
  • Tower A lobby
  • Tower A drop-off

Level 8

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  • Plant N’ Harvest
  • Chill island
  • Grill N’ Dine
  • Garden gazebo
  • Resting island
  • Jogging trail
  • Half basketball court
  • Outdoor fitness
  • Serenity walk
  • Wading pool
  • Community hall table tennis
  • Kid’s play lawn
  • Kid’s playland
  • Leisure pool
  • Sheltered resting lounge
  • Sunny deck
  • Fitness hub

Launch Price: From RM571,000 / From RM270,000 (LPHS)

Maintenance Fee: RM0.33 per sq ft

Project Details

There are 2 towers (Tower A & Tower B) at D’Quince Residences, and units’ built-ups range from 550 sq ft to 1,100 sq ft. There are 808 units in Tower A, and 502 units in Tower B, which totals up to 1,310 units for D’Quince Residences.

At Basement 1 of D’Quince Residences is the arrival court, while the ground floor will features an entrance boulevard, a drop-off area, and a lobby. Facilities on level 8 includes a community hall, half basketball court, grill n’ dine, fitness hub, and more.

The 550 sq ft units are under the affordable homes scheme under LPHS (Lembaga Perumahan Hartanah Selangor), with prices starting from RM270,000. A proposed sky garden will be built on a deck above the Lebuhraya Damansara-Puchong (LDP), linking Empire City and Central Park Damansara.

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For a quick look at D’Quince Residences, you could take a look at the video posted on Exsim Group’s YouTube channel.

Unit Types

Details

Type A1

·       1,100 sq ft

·       4 bedrooms

·       2 bathrooms

·       1 balcony

Type A2

·       1,100 sq ft

·       4 bedrooms

·       2 bathrooms

Type B1

·       900 sq ft

·       3 bedrooms

·       2 bathrooms

·       1 balcony

Type B2

·       900 sq ft

·       3 bedrooms

·       2 bathrooms

Type C

·       550 sq ft

·       2 bedrooms

·       1 bathroom

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Location

Set within the vibrant complex of Petaling Jaya, D’Quince Residences is surrounded by mature neighourhoods such as Mutiara Damansara, Bandar Utama, Damansara Utama, Kota Damansara, Taman Tun Dr Ismail, Desa ParkCity, and Tropicana.

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The residences is accessible via major highways, including Damansara-Puchong Expressway (LDP), SPRINT Highway, Penchala Link, Damansara-Shah Alam Elevated Expressway (DASH), and North Klang Valley Expressway (NKVE). Apart from this network of highways, there are shopping malls, restaurants, educational institutions, medical centres, recreational parks, and more, within easy reach.

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

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

There’s also a sky bridge connecting Empire City and Central Park Damansara.

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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

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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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
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Analysis

Tower A faces the highway, while Tower B faces another development. So, dust and noise pollution could irk some potential buyers. An online forum also pointed out that there’s a mosque and temple close to D’Quince Residences. However, some mentioned that it’s not much of a concern living close to worship places. It all boils down to each individual’s tolerance level.

d-quince2d-quince4The development is relatively close to Flora Damansara, another high density development. Flora Damansara has had its share of bad press over the years.  However, due to the pricing of D’Quince Residences, some think that it’s ideal for those looking for their first home, or for investment.

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’Quince Residences by Exsim Group

Leasehold

Condominium

2024

550 sq ft – 1,100 sq ft

From RM270,000

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)

Armanee Terrace II by MK Land

Leasehold

Duplex Condominium

2016

2,641 sq ft – 9,800 sq ft

From RM933,500

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

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

D’Quince Residences is location in Damansara Perdana, a fully integrated township. Over the years, it has developed into one of Petaling Jaya’s popular areas to live in. Apart from malls such as The Curve, IKEA Damansara, and IPC, other famous landmarks there include the PJ Trade Centre with its architecture featuring natural light, cross-ventilation, and energy efficiency.

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The traffic in Damansara Perdana is a testament of how busy the area is. Both big and small projects have sprouted in the township over the years. Major roads and highways also make the area appealing to property buyers. Damansara-Shah Alam Highway will link Puncak Perdana U10 in Shah Alam to the Penchala Interchange. It could also be an alternative route to Persiaran Surian at Kota Damansara, and be an easier route to Subang Airport.

So far, properties in Damansara Perdana has successfully attracted the middle-income group and young professionals due to its relatively affordable property prices.

So, if you’re interested in a unit at D’Quince Residences that’s priced at RM620,000, 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 (MOF): 90%
  • Down payment (10%): RM62,000
  • Loan amount: RM558,000
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM2,413
  • Approximate required gross annual income: RM88,500*

Don’t forget to find out your Debt Service Ratio (DSR) too!

To know exactly how much home loan you can get from the banks and whether you can afford this property, use the FREE PropertyGuru Loan Pre-Approval service. It has a 99.9% accuracy, so you can avoid loan rejections!

* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.

 

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Eric Wong

Caitlyn

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