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Continue Reading ⋅ 19 February 2022
DC Residensi is part of the 8.5-acre freehold Damansara City transit-oriented (TOD) development by GuocoLand Malaysia. It is located in Damansara Heights, one of the affluent communities in Kuala Lumpur.
The other components in Damansara City are DC Corporate Towers (2 Grade-A office towers), the 200,000 sq ft DC Mall, and the 5-star Sofitel KL Damansara. One of the office towers, a 33-storey Grade-A office tower block has a useable area of 530,000 sq ft and it is occupied by the Hong Leong Group.
The RM2.5 billion integrated development of Damansara City is located on 8.5 acres of freehold land. It has been in operational since 2016, and it is becoming the new pulse of Damansara Heights.
DC Residensi Tower A achieved a take-up rate of 60% during its pre-launch for foreign investors in May 2015. The project was officially launched in July 2015. The selling price for Tower A is RM1,350 per sq ft.
Address: Jalan Damanlela, 50490 Kuala Lumpur
Developer: GuocoLand (Malaysia) Berhad
Property Type: Condominium
Land Area: 8.5 acres
Land Title: Commercial
No. of Blocks: 2
No. of Storeys: 28
Total Units: 370
Tenure: Freehold
Year of Completion: 2017
Built-up Area: 904 sq ft – 2,982 sq ft
Facilities:
Level 6
- Reflective pool
- Timber deck
- Barbeque area
- Multi-purpose hall
- Private dining rooms
- Wading pool
- Sunken deck
- Landscaped areas
- 50m salt-water infinity pool
- Aqua gymnasium
- Jacuzzi
- Sauna & steam rooms
- Outdoor cabanas
Level 6A
- Games room
- Function room
- Mini theatre
- Glass-walled gymnasium
- Play area
- Childcare area
Launch Price: From RM1,753,000
Launch Price Per Sq Ft: From RM1,350 psf
Maintenance Fee: RM0.35 per sq ft
Project Details
There are two 28-storey residential towers at DC Residensi, and it has a total of 370 units. The built-up area ranges from 904 sq ft to 2,982 sq ft. Additionally, there’s a limited number of duplex penthouse with 4,478 sq ft (4+1+1 bedrooms).
Units include fittings and appliances from brands such as Poggenpohl (kitchen cabinets), Miele, Gessi Emporio Armani range (fittings) and Catalano (sanitary wares), and they were priced from RM1,753,000.
Majority of units were purchased by upper-class locals and affluent expatriates from China, Singapore, and Hong Kong.
DC Residensi has been designed with utmost care to ensure a high level of intricacies, such as a grand lobby with 5-star concierge, 4 lifts that serve each floor, and choice material.
DC Residensi will also provide 5-star and hotel-inspired amenities including an Olympic-length salt water swimming pool, glass-walled gymnasium, multi-purpose hall, barbeque area, private meeting rooms, mini theatre, cabana, social space, waiting lounge, reading cocoon, and children’s playground. Residents also enjoy exclusive concierge service, and a well-designed drop-off zone.
In January 2019, the developer launched a “DC Residensi X Ingress Auto” collaboration campaign which offers buyers exclusive packages and rebate of up to RM300, 000 on all BMW models with the purchase of a DC Residensi unit.
Subsequently in October 2019, they launched GuocoLand Malaysia’s BEST campaign, which offered an 11-day cruise trip in Alaska and other rewards worth a total of RM250,000. It ran from 1 September 2019 to 31 December 2019.
Buyers of GuocoLand Malaysia participating projects also benefitted from 0% down payment, free SPA and loan legal fees, stamp duty on loan, stamp duty on title transfer, and foreigner state consent fees.
|
Towers |
Types |
Details |
|
Tower A |
Type A1 |
· 1,163 sq ft · 1 bedroom · 1 bathroom · 2 utility rooms · 1 powder room with WC + sink · 1 balcony |
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Type A2 |
· 1,152 sq ft · 1 bedroom · 1 bathroom · 1 utility room · 1 powder room with WC + sink · 1 balcony |
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Type A3 |
· 1,194 sq ft · 1 bedroom · 1 bathroom · 1 utility room · 1 study room · 1 powder room with WC + sink · 1 balcony |
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Type B1 |
· 1,668 sq ft · 2 bedrooms · 2 bathrooms · 1 utility room (WC beside) · 1 powder room with WC + sink · 1 balcony |
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Type B2 |
· 1,851 sq ft · 2 bedrooms · 2 utility rooms · 1 powder room with WC + sink · 3 bathrooms · 1 balcony |
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Type B3 |
· 1,863 sq ft · 2 bedrooms · 2 utility rooms · 1 powder room with WC + sink · 3 bathrooms · 1 balcony |
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Type C1 |
· 2,077 sq ft · 3 bedrooms · 1 utility room (with WC beside) · 1 powder room with WC + sink · 3 bathrooms · 1 balcony |
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Type E1 |
· 2,702 sq ft · 3 bedrooms · 2 utility rooms · 1 powder room with WC + sink · 3 bathrooms · 1 balcony · Lobby |
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Type S1 |
· 904 sq ft · 1 bedroom · 1 bathroom · 1 balcony |
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Tower B |
Type A4 |
· 1,184 sq ft · 1 bedroom · 1 bathroom · 1 utility room · 1 study room · 1 powder room with WC + sink · 1 balcony |
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Type A5 |
· 1,163 sq ft · 1 bedroom · 1 bathroom · 2 utility rooms · 1 powder room with WC + sink · 1 balcony |
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Type A6 |
· 1,152 sq ft · 1 bedroom · 1 bathroom · 1 utility room · 1 powder room with WC + sink · 1 balcony |
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Type B4 |
· 1,756 sq ft · 2 bedrooms · 2 utility rooms · 1 powder room with WC + sink · 2 bathrooms · 1 balcony |
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Type B5 |
· 1,668 sq ft · 2 bedrooms · 1 utility room (WC beside) · 1 powder room with WC + sink · 2 bathrooms · 1 balcony |
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Type B6 |
· 1,851 sq ft · 2 bedrooms · 1 utility room (WC beside) · 1 powder room with WC + sink · 2 bathrooms · 1 balcony |
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Type B7 |
· 1,862 sq ft · 2 bedrooms · 2 utility rooms · 1 powder room with WC + sink · 2 bathrooms · 1 balcony |
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Type E2 |
· 2,982 sq ft · 3 bedrooms · 2 utility rooms · 1 powder room with WC + sink · 3 bathrooms · 1 balcony · Private lobby |
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Type S2 |
· 904 sq ft · 1 bedroom · 1 bathroom · 1 balcony |
Location
DC Residensi at Damansara City is connected to major highways such as the SPRINT Highway, Penchala Link, and New Klang Valley Expressway (NKVE).
For those who prefer public transport, DC Residensi is just a 400m walk to the Pusat Bandar Damansara MRT Station via a covered walkway from Damansara City.
Residents of DC Residensi can get to DC Mall or take a short drive to access the amenities in the surrounding area such as those located at Pavilion Damansara Heights, Plaza Damansara, or Plaza Batai. Plus, it’ll take about just 10 to 15 minutes to get to the KL city centre via Jalan Beringin.
There are 7 entry and exit points from or to Damansara City, and that puts residents of DC Residensi within a short drive to Bangsar, Bukit Tunku, TTDI, Sri Hartamas, and Mont Kiara. These points are:
- Entry from Jalan Damanlela / Jalan Damanseri
Exit to Jalan Damanlela / Jalan Damanseri - Exit to Jalan Damanlela
- 2 separate entries from Damansara Link
- Tunnel Entry from Jalan Johar
- Exit to Damansara Link
As for learning institutions, the ones closest to DC Residensi are Mahsa University College, Help University, Anyaman Pre-schools, Stella Maris International School, and Cempaka International School Damansara Heights.
The developer completed the last phase of Damansara City, Sofitel Kuala Lumpur Damansara, in 2017.
Accessibility
- Sprint Highway / Damansara Link
- Jalan Damanlela
- Jalan Damanseri
- Jalan Johar
- MRT Pusat Bandar Damansara station – 400m
- MRT Semantan station – 500m
- KL Sentral – 6.2km
Education
- Help University – 1.7km
- Stella Maris International School – 2.1km
- Cempaka International School – 2.7km
- Taylor’s College Sri Hartamas – 6.1km
- Gardens International School – 6.6km
- Mont Kiara International School – 6.7km
Medical Care
- Pantai Hospital Kuala Lumpur – 5.5km
- KPJ Damansara Specialist Hospital – 6km
- Global Doctors Hospital – 6.9km
- University Malaya Medical Centre – 7.5km
Shopping
- DC Mall – 100m
- Pavilion Damansara Heights – 400m
- Bangsar Shopping Centre – 3.7km
- Bangsar Village I & II – 4.6km
- 1 Mont Kiara – 6.1km
- Solaris Mont Kiara – 7km
- Publika Shopping Gallery – 7.1km
- The Gardens Mall / Mid Valley Megamall – 7.3km
- Nexus Bangsar South – 7.4km
Recreation
- Royal Selangor Club Bukit Kiara – 4.3km
- Bukit Kiara Equestrian – 4.7km
- TPC Kuala Lumpur (formerly known as Kuala Lumpur Golf & Country Club – 5.5km
- Perdana Botanical Garden – 6.3km
- KL Bird Park – 6.6km
Analysis
Damansara City is the first mixed-use development in the heart of Damansara Heights. There is already a large working population around Damansara City, its neighbouring Menara Millennium, and the households in Damansara Heights and Bangsar. Collectively, this population will benefit from DC Mall.
With all that it has to offer, the developer believes that Damansara City, combined with Pavilion Damansara Heights by the Pavilion Group, is likely to become the epicentre of Bangsar and Damansara Heights.
If you’re looking to purchase a unit to rent out, let’s take a look at available listings in PropertyGuru in March 2021. The sale price of a 904 sq ft unit is from RM1.43 million to RM1.8 million, while rent is between RM4,200 and RM4,600 per month. Based on these figures, the approximate gross rental yield would be:
- Purchase price:45 million
- Rent out: RM4,300 per month
- Gross rental yield: About 56% per annum
Here’s a quick look at residential properties in Damansara Heights.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
DC Residensi by GuocoLand Bhd |
Freehold |
Condominium |
2017 |
904 sq ft – 2,982 sq ft |
RM1,269,100– RM9,135,000 |
|
Twins @ Damansara Heights by Panareno Sdn Bhd |
Freehold |
Condominium |
2010 |
Standard: 766 – 2,078 sq ft Penthouse: 2,171 – 5,261 sq ft |
From RM675,000 |
|
Clearwater Residences by Clearwater Development Sdn Bhd |
Freehold |
Condominium |
2011 |
826 sq ft – 4,735 sq ft |
From RM578,000 |
|
Sunway SPK 3 Harmoni by Sunway City Bhd |
Freehold |
Townhouse |
2015 |
2,336 sq ft – 2,583 sq ft |
From RM857,000 |
|
AIRA Residence by Selangor Properties Berhad |
Freehold |
Condominium |
2020 |
2,679 sq ft –7,730 sq ft
|
From RM9,622,500
|
|
Pavillion Damansara Heights by Pavilion Group |
Freehold |
Serviced Residence |
2022 |
614 – 1,831 sq ft |
Average of RM1,800 per sq ft |
Summary
Given its sizeable footprint, some residents protested the construction of Damansara City, fearing that it would disrupt the peaceful neighbourhood.
The developer said that they communicated with the residents that Damansara City will not reduce the value of properties in the neighbourhood, but instead, enhance it.
Damansara City offers residents the distinction of a Kuala Lumpur address, along with conveniences of the city centre, minus the hustle and bustle of a capital city. Besides Damansara City, GuocoLand Malaysia’s other significant projects include master-planned township Emerald Rawang, luxury condominium The Oval Kuala Lumpur, transit-oriented development (TOD) Emerald 9, and PJ City corporate hub in Petaling Jaya.
The sale price of a 904 sq ft unit is from RM1.43 million to RM1.8 million Meanwhile, rent is between RM4,200 and RM4,600 per month. Based on these figures, the approximate gross rental yield is as below:
- Purchase price:45 million
- Rent out: RM4,300 per month
- Gross rental yield: About 56% per annum
So, if you’re interested in a 904 sq ft unit at DC Residensi that’s priced at RM1.45 million, here are its estimated loan figures.
- LTV / margin of finance: 80%
- Down payment (20%): RM290,000
- Loan amount: RM1.16 million
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM5,017
- Approximate required gross annual income: RM202,000*
You can use these calculators to adjust the figures accordingly.
Pro tip: 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: No other monthly debt obligations, and 30% of gross income spent on the home loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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