Damai Residence, Sg Besi

Review

Pavither
⋅
1 October 2019

There are two Damai Residence in Kuala Lumpur. One is by Tan & Tan Developments Berhad, and the other is by Damai Cheras Sdn Bhd, which will be the highlight of this piece. Properties located along Jalan Sungai Besi, and those within the Chan Sow Lin area has a lot going for them.

As for Damai Residence, it is a single-block residential development opposite Bandar Malaysia. The revival of Bandar Malaysia was announced by the government in April 2019 and according to a statement by the Prime Minister’s Office (PMO), the development is expected to generate an estimated gross development value of RM140 billion. The KL-Singapore HSR, on the other hand, is being reviewed by the government on cost reduction after it has been postponed until end-May 2020.

As for Chan Sow Lin, the area is being transformed and it is listed under the Kuala Lumpur City Plan (KLCP) 2020, which will see the area being revitalised into a neighbourhood of residential, commercial and industrial properties.

The outlook for Jalan Sungai Besi and Chan Sow Lin is expected to be relatively bright due to its location and potential spillover from Bandar Malaysia. However, Chan Sow Lin has long been entrenched as an industrial area and it might take some effort to change the public’s perception on the area.

Address: 326, Jalan Sungai Besi, Sungai Besi, 55200 Wilayah Persekutuan, Kuala Lumpur

Property Type: Serviced Residence

Land Title: Commercial

Total Units: 443

Tenure: Leasehold

Sales Office: 10, Jalan Emas 3, Taman Emas, Batu 9 Cheras, 43200 Selangor

Year of Completion: 2021

Built-up Area: 695 sq ft – 1,051 sq ft

Facilities:

Infinity pool
Floating sun lounge
Landscape
Outdoor shower
Water feature
Open lawn landscape
Water playground
Wading pool
Public toilet
Indoor shower
Sauna
Nursery
Gym
Launderette
Surau
Sunken garden
Poolside deck
Yoga deck
Covered walkway
Open space
Garden seat

Launch Price: RM471,000 (695 sq ft) – RM714,000 (1051 sq ft)

Launch Price Per Sq Ft: RM651.76psf – RM723.08psf

Maintenance Fee: RM0.25 per sq ft

Read about Bandar Malaysia township here!

Damai Residence is a low-density development, with 443 units. It is located in Sungai Besi, opposite Bandar Malaysia and close to a BMW showroom. This puts it in close proximity to the Kuala Lumpur city centre (KLCC) as well.

Damai Residence is a leasehold project by Damai Cheras Sdn Bhd, and it consists of a 31-storey single-block tower. The built-ups range from 695 sq ft to 1,051 sq ft, with 2 or 3 rooms. Units are priced from RM651.76psf and as at end of May 2019, 50% of the units have been sold.

Interested purchasers will also have the option of a fully furnished unit, which would require a top-up of RM25,000 to RM30,000.

Unit Types	Built-Up	Launch Price
Type A	· 910 sq ft · 3 bedrooms · 2 bathrooms · Level 8 – 37	From RM471,000 to RM714,000
Type B	· 910 sq ft · 3 bedrooms · 2 bathrooms · Level 8 – 37
Type C	· 1,051 sq ft · 3 bedrooms · 2 bathrooms · Level 8 – 37
Type D	· 695 sq ft · 2 bedrooms · 2 bathrooms · Level 8 – 37
Type E	· 988 sq ft · 3 bedrooms · 2 bathrooms · Level 8 – 37
Type F	· 987 sq ft · 3 bedrooms · 2 bathrooms · Level 8 – 37

Damai Residence is located close to the heart of Kuala Lumpur, and thus it enjoys easy connectivity to major highways. As for shopping malls, there are plenty abound as Sunway Velocity, IKEA Cheras and MyTOWN Shoping Centre are about 3km away, and Suria KLCC and Mid Valley Megamall are about 7km to 9km away.

Being just about a 5km drive away from the Tun Razak Exchange (TRX) mega-project could bode well for Damai Residence’s capital appreciation as TRX is poised to be KL’s new CBD and Malaysia’s International Financial District.

On top of that, a mass rapid transit (MRT) station constructed at Jalan Chan Sow Lin is expected to become fully operational in 2022. This MRT station will be connected to the existing light rail transit (LRT) Ampang line, and sandwiched between the Tun Razak Exchange (TRX) station and Bandar Malaysia North station.

Accessibility

Sungai Besi Expressway (BESRAYA)
Maju Expressway (MEX)
New Pantai Expressway (NPE)
KL-Seremban Highway
North-South Highway·
KTM Salak Selatan
LRT Chan Sow Lin
MRT Chan Sow Lin
MRT Bandar Malaysia

Education

SJK (C) Tai Thung
SJK (C) Confucian
SK Jln Sg Besi 1 & 2
Alice Smith International School

Medical Care

Prince Court Medical Centre
HUKM

Shopping

Mid Valley Megamall
Suria KLCC
AEON Maluri
Sunway Velocity
Pavilion
Viva Home
MyTOWN Shopping Centre
IKEA Cheras

Recreation

Royal Selangor Golf Club
Bukit Jalil Recreational Park

The ongoing developments in Jalan Sungai Besi and Chan Sow Lin area will provide more choices for homebuyers. If the Kuala Lumpur-Singapore High Speed Rail (HSR) project is revived, Bandar Malaysia will be a transportation hub and the surrounding areas will benefit from improved connectivity. Homebuyers will likely enjoy higher capital appreciation of their properties, and investment properties could offer good rental returns.

There are several residential projects in the area, namely One Residences, Trion KL and of course, Damai Residence. Between the three developments, Damai Residence has the lowest density with 443 units, compared to 684 units (One Residences) and 1,344 units (Trion KL) respectively.

Units facing west would see Bandar Malaysia, while those facing North would have the KLCC view. However, with the rapid developments in the area, that view could be obstructed.

Here’s a quick look at residential properties in the Sungai Besi / Chan Sow Lin area.

Project	Land Tenure	Unit Type	Completion	Built-up	Approximate Launch Price
Damai Residence by Damai Cheras Sdn Bhd	Leasehold	Serviced Residence	2021	695 sq ft – 1,051 sq ft	From RM471,000
One Residences by Akisama Group	Leasehold	Serviced Apartment	2019	888 sq ft – 1,273 sq ft	From RM577,000
Trion KL by Binastra Land Sdn Bhd	Freehold	Serviced Apartment	2024	689 sq ft – 1,055 sq ft	From RM549,800
Damai Residence by Tan & Tan Developments Berhad	Freehold	Condominium	2017	1,938 sq ft	From RM1.9 million
The Vyne by Gadang Holdings Berhad	Freehold	Condominium	2017	855 sq ft – 1,449 sq ft	From RM463,000
Trinity Aquata by Trinity Group Sdn Bhd	Freehold	Condominium	2018	1,152 sq ft – 1,420 sq ft	From RM522,888

Read our project review on this Sungai Besi development

Damai Residence is registered under the Home Ownership Campaign (HOC) 2019. Purchasers will be exempted from MOT and stamp duties, with free SPA/loan legal and disbursement fees.

Sungai Besi is likely to provide a good return of investment in the long term as properties there are still relatively affordable and there’s certainly room for capital appreciation.

With good accessibility, connectivity and Bandar Malaysia as a catalyst for future developments, Sungai Besi could transform from a matured township into a hotspot close to the city centre. However, the current lack of urban planning, decent access to nearby public transport and greenery should be addressed, in order to further elevate the area’s appeal.

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