Metropolitan Square, Petaling Jaya

  • Caitlyn
  • 14 January 2021

Located in Damansara Perdana, Petaling Jaya, Metropolitan Square Condominium (also known as MSQ) is a mixed-development project consisting of 6 condominium blocks and 1 commercial block with office and retail units.

Metropolitan Square Condominium was launched in 2003 and fully completed in 2014. It was part of an ongoing effort by MK Land to promote sustainable and integrated living in the Damansara Perdana area, which was largely developed by the group.

This mid-sized development is located in a prime location offering a blend of lifestyle living and convenience, due to its proximity to many popular retail and commercial locations in the surrounding area, namely Mutiara Damansara. It has easy access to several major highways in the Klang Valley and is close to other mature and developing townships in the Damansara area.

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Metropolitan Square has a contemporary architecture and facade which was inspired by elements of glass and metal. Its iconic glass-edge infinity pool and leafy landscaped Podium Garden is a striking merge of modernity and nature.

As a high-rise development, Metropolitan Square also offers stunning views to its residents. Higher floors facing the city have a good and unobstructed vantage point, while a bulk of the units get to partake in garden and pool views.

Address: Jalan PJU 8/1, PJU 8, Damansara Perdana, 47820 Petaling Jaya

Property Type: Condominium/Serviced Residence/Commercial Shop Unit & Office

Land Title: Strata

Land Area: 3.25 acres

Total Units:             

  • Condominium (Block A,B,C,E, F) – 1392 units
  • Serviced Apartments (Block D) – 537 units
  • Shoplots (2 storeys) – 12 units
  • Offices (6 storeys) – 8 units

Tenure: Leasehold expiring in 2104

Year of Completion:  2014

Built-up Area:         

  • Condominium: 450 sq ft – 1,462 sq ft
  • Serviced Apartments: 452 sq ft – 2,702 sq ft
  • Shop Units: 588 sq ft –1,267 sq ft
  • Office Suites: 525 sq ft – 1,276 sq ft

Facilities:     

  • Glass-edged Infinity Pool
  • Lap pool
  • Children’s’ pool
  • Clubhouse
  • Sauna
  • Steam room
  • Gymnasium
  • Tennis courts
  • Badminton courts
  • Nature trail
  • 24-hour security with card access

Launch Price:         

  • Condominium: From RM199,204
  • Shop Units: From RM703,300

Launch Price Per Sq Ft: RM278.47 per sq ft

Maintenance Fee: RM0.27 per sq ft

Project Details

Metropolitan Square was developed by Saujana Triangle Sdn. Bhd., a wholly owned subsidiary of MK Land Holdings Bhd with an estimated gross development value (GDV) of RM755 million for the entire development. The 3.25-acre development was launched in phases, starting with Block F in October 2003, and ending with Block B October 2014, 3 months ahead of schedule.

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A high-rise development with a modern façade, Metropolitan Square’s amenities includes 6 swimming pools, tennis courts, badminton courts, children’s playgrounds, and BBQ area with pits that can be rented from the management.

There is a clubhouse, gymnasium, sauna and steam room, podium garden with a spacious recreational area, lavish landscaping and nature paths. Unique to MSQ is its glass-edge infinity pool  – the first of its kind in Petaling Jaya.

From studio units to 4-bedroom units, the built-up areas for the units range from 450 sq ft to 1,462 sq ft, while the serviced apartments (Block D) are from a similar 452 sq ft up to 2,702 sq ft.

The breakdown of units is as below:

  • Block A: 300 units
  • Block B (the final block to be launched): 186 units over 16 floors, with 12 units per floor
  • Block C: 258 units over 23 floors, with 6 to 12 units per floor
  • Block E: 252 units
  • Block F: 396 units
  • Block D (serviced apartment): 537 units
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Location

Metropolitan Square sits strategically at the border of Petaling Jaya and Kuala Lumpur; parked at a prime location of a fast-developing area. It is within a 1km radius to Mutiara Damansara, where there is IKEA Damansara, TESCO, The Curve, IPC Shopping Center.

The development is also close to other popular townships such as Bandar Utama, TTDI, Sri Damansara, Damansara Utama, and Kota Damansara. Being surrounded by these established townships, residents of Metropolitan Square can definitely take advantage of various facilities in these neighbouring areas.

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There are many cafes, eateries and public amenities, all within walking distance too. It is close to buildings such as PJ Trade Centre, Empire Damansara and Menara Gamuda. Albeit the developments, Metropolitan Square is not far off from the luxuriant green forests of Bukit Lanjan.

Metropolitan Square is situated off the main road and very close to the entrance of the Damansara Perdana township, giving the residents easy access to major roads and highways in the Klang Valley such as the Lebuhraya Damansara Puchong (LDP), SPRINT Highway, Middle Ring Road 2 (MRR2), North Klang Valley Expressway (NKVE), and the Penchala Link which links up to Mont Kiara.

While there is no MRT station within walking distance, the nearest MRT Station is located near the Mutiara Damansara commercial and retail area.

Accessibility

  • Lebuhraya Damansara-Puchong (LDP)
  • North Klang Valley Expressway (NKVE)
  • SPRINT Highway
  • Middle Ring Road 2 (MRR2)
  • Penchala Link
  • Persiaran Surian
  • MRT Mutiara Damansara (SBK08)

Education

  • 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

Medical Centre

  • Thompson Hospital Kota Damansara
  • KPJ Damansara Specialist Centre

Shopping

  • IKEA Damansara
  • The Curve
  • eCurve
  • IPC Shopping Centre
  • Tesco Extra Mutiara Damansara
  • Courts Mammoth
  • 1 Utama Shopping Centre
  • Decathlon Sri Damansara

Recreation

  • Kidzania
  • Bentley Music Academy
  • KL Golf & Country Club
  • Tropicana Golf and Country Resort
  • Sri Selangor Golf Club
  • The Club Bukit Utama
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Analysis

Damansara Perdana and its neighbouring townships are already heavily populated and developed. Itself being a high-density residence, coupled with the fact that Metropolitan Square sits off the main road with many adjacent infrastructural and commercial developments in the nearby areas, congestion (especially during peak hours) is expected.

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There are several other condominiums and apartments in the vicinity, but Metropolitan Square’s prime location gives it an advantage. Flanked by commercial developments like PJ Trade Centre and Empire Damansara, Metropolitan Square is likely to attract many potential sub-sale buyers, investors and tenants for a fair price.

Here’s a quick look at properties in the Damansara Perdana area.

Project

Land Tenure

Project Type

Completion

Built-Up

Approximate Launch Price

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

Perdana Emerald by Saujana Triangle (MK Land)

Leasehold

Serviced Residence

2005

875 – 1,185 sq ft

 

N/A

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

Mixed Apartment & Commercial

2010

420 – 849 sq ft

 

RM297,150

The Trees Damansara by Golden Armani Sdn Bhd

Freehold

Condominium

2020

849 – 1,025 sq ft

RM425,000

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Summary

The medium-sized high-density development in a bustling location in Petaling Jaya, just outside Kuala Lumpur, is a mix of urbanisation and nature. Thus, it could appeal to young professionals, young couples and young families, due to its proximity and access to various amenities and retail outlets.

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Modern architecture coupled with practical layouts of various sizes, lush green landscaping and fancy facilities like the glass-edged infinity pool sets it as a value-for-money investment for a lifestyle of convenience, relaxation, and fun.

Listings on PropertyGuru.com.my indicate an asking price of RM558,000 for a 1,166 sq ft (3 bedrooms, 3 bathrooms) partially furnished mid-floor unit. Asking rental for similar units ranges from RM2,000 to RM2,400 per month. The formula for calculating gross rental yield is here.

Here are some estimated loan figures for a Metropolitan Square unit priced at RM558,000.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM55,800
  • Loan amount: RM502,200
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM2,172
  • Approximate required gross annual income: RM87,000*

These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator.

If you’re interested in calculating Debt Service Ratio (DSR), you may refer to the PropertyGuru Home Loan Pre-Approval tool. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!

* 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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