Twins @ Damansara Heights, Kuala Lumpur

  • Pavither
  • 30 March 2021

Twins @ Damansara Heights is a luxurious development in the heart of Pusat Bandar Damansara. This project is a 4-way joint venture between Lion Group, real estate investment arm of American International Group Inc., Koh Maju (Singapore) and Heeton Holdings Ltd.

Clad in metal and glass, these uniquely shaped towers were designed by Singapore’s Axis Architect Planners and Malaysia’s Veritas Architects, and landscaped by Clouton Design, reputed for projects such as the Putrajaya Waterfront, Suria Stonor, and Sierramas Resort Homes, to name a few.

Twins @ Damansara Heights is in a predominantly commercial area, surrounded by mid-rise office buildings and the famous strip of government offices nearby.

Twins @ Damansara Heights is in a predominantly commercial area, surrounded by mid-rise office buildings and the famous strip of government offices nearby. This development is elliptical in shape and at an uncustomary angle, as it aimed to maximise the flow of air and natural light.

Twins @ Damansara Heights is also designed to provide all units with spectacular views of the surroundings. The project was well-received, with a reported 70 per cent take-up rate within the first month of its launch.

The development clinched the Asia Pacific Residential Property Awards 2010 for best High-rise Architecture of Malaysia.

Twins @ Damansara Heights is in a predominantly commercial area, surrounded by mid-rise office buildings and the famous strip of government offices nearby.

Address: Jalan Damanlela, Pusat Bandar Damansara, 50490 Kuala Lumpur

Developer: Paranero Sdn Bhd (a joint venture company between Lion Group, AIG Investments, Koh Maju and Heeton Venture)

Property Type: Condominium

Land Area: 2.17 acres

Land Title: Residential

No. of Blocks: 2

No. of Storeys: 38

Total Units: 318 units

Tenure: Freehold

Year of Completion: 2010

Built-up Area:        

  • Standard Units: 766 sq ft – 2,078 sq ft
  • Penthouse Units: 2,171 sq ft – 5,261 sq ft

Facilities:

  • 2 gymnasiums
  • Swimming pool
  • Games room
  • Multi-purpose rooms
  • Exercise studio
  • Theatrette
  • Library
  • Surau

Launch Price: RM675,000 – RM4,037,000

Launch Price Per Sq Ft: RM850 per sq ft

Maintenance Fee: RM0.40 per sq ft

Award: Asia Pacific Residential Property Awards 2010 for best High-rise Architecture of Malaysia

Project Details

Twins @ Damansara Heights sits on 2.17 acres of prime freehold land at Pusat Bandar Damansara in Damansara Heights, KL. Launched in 2008, it was fully completed in late 2010, with a gross development value (GDV) of RM20 million.

The luxury high-rise consists of identical towers (Tower A and B) which are 38 storeys high. Floor density is low, with only 4 to 6 units per floor, and a combined total of 318 units.

There are 8 designs for the typical units with built-ups ranging from 766 sq ft for a studio unit, all the way up to 2,078 sq ft for a 4+1 room unit.

There are 8 designs for the typical units with built-ups ranging from 766 sq ft for a studio unit, all the way up to 2,078 sq ft for a 4+1 room unit.

There are 8 designs for the typical units with built-ups ranging from 766 sq ft for a studio unit, all the way up to 2,078 sq ft for a 4+1 room unit.

All units do not come with balconies, with exception of the Type G1 designs. However, the design features lots of windows and glass panels which allow good ventilation, ambient light and views of the surroundings.

Meanwhile, the penthouse units are double- or triple-storey high. The latter comes with exclusive rooftop gardens. Sizes range from a modest 2,171 sq ft to 5,261 sq ft.

Due to the unique architecture of the building, the shapes of most of the units are unconventional, which leaves room for creativity when it comes to interior design.

Units came with quality finishes such as teak timber streak flooring for the bedrooms, while the living and dining areas and master bathroom, have imported marble flooring. Units also came furnished with built-in modern kitchen cabinets and some fitted appliances.

The orientation of the towers ensures that units do not face direct sunlight. However, this also causes some limitations in the efficient use of the grounds. Nevertheless, facilities at Twins @ Damansara Heights are lavish, featuring 2 sky gymnasiums on the rooftop, exercise studio, swimming pool, function halls, library, and landscaped garden.

There are 8 designs for the typical units with built-ups ranging from 766 sq ft for a studio unit, all the way up to 2,078 sq ft for a 4+1 room unit.

Unit Types

Built-Up

Launch Price

Type A

·       766 sq ft

·       1 bedroom

·       Level 4-14

 

 

 

 

 

 

 

From RM675,000

Type B

·       828 sq ft

·       1 bedroom

·       Level 4 – 14

Type C

·       1,480 sq ft

·       3+1 bedrooms

·       Level 4 – 31

Type D

·       2,078 sq ft

·       4+1 bedrooms

·       Level 4 – 31

Type E

 

·       1,203 sq ft

·       2+1 bedrooms

·       Level 4 – 30

Type F

·       1,573 sq ft

·       3+1 bedrooms

·       Level 4 – 31

 

Type G

·       1,356 sq ft

·       3+1 bedrooms

·       Level 17 – 31

 

Type G1

·       1,511 sq ft

·       3+1 bedrooms

·       Level 16

·       With balcony

 

Penthouse 1

·       5,261 sq ft

·       6+1+1 bedrooms

·       3 storeys with roof garden

·       Level 33 – 35

 

Penthouse 2

·       2,730 sq ft

·       4+1 bedrooms

·       2 storeys

·       Level 32 – 33

 

Penthouse 3

·       2,631 sq ft

·       4+1+1 bedrooms

·       2 storeys

·       Level 32 – 33

 

Penthouse 4

·       2,307 sq ft

·       4+1+1 bedrooms

·       2 storeys

·       Level 32 – 33

 

Penthouse 5

·       2,171 sq ft

·       3+1+1 bedrooms

·       2 storeys

·       Level 31 – 32

 

Penthouse 6

·       3,408 sq ft

·       3+1+1 bedrooms

·       3 storeys with roof garden

·       Level 33 – 35

 
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Location

The location of Twins @ Damansara Heights is strategic and ideal, as it sits in the heart of the central business district of Damansara Heights, facing Jalan Damanlela and adjacent to Jalan Johar.

Twins @ Damansara Heights is also easily accessible via Lebuhraya SPRINT, Jalan Semantan, Jalan Maarof, Jalan Duta, and the Federal Highway via the Kerinchi Link. This extensive network of major roadways and highways connect the development to other parts of the city and Petaling Jaya.

The quieter inner roads of the Damansara Heights residential area links it to Mont Kiara and Sri Hartamas.

The location of Twins @ Damansara Heights is strategic and ideal, as it sits in the heart of the central business district of Damansara Heights, facing Jalan Damanlela and adjacent to Jalan Johar.

The mature township of Damansara Heights is self-sufficient and is host to many trendy cafes and eateries.

The adjacent Plaza Damansara is another option, while hip and affluent Bangsar is just a stone’s throw away with more choices of artisan cafés, restaurants, and amenities. Meanwhile, areas such as SS2, Petaling Jaya, are less than 10km away.

Very much closer to home, Damansara City Mall is touted to be a buffet of gastronomical delights. Residents can also easily shop for their groceries and necessities and utilise the services offered at this mall.

For public transportation, the Pusat Bandar Damansara MRT Station on the Sungai Buloh line is located nearby, within walking distance. This provides access to Taman Tun Dr Ismail (TTDI) and retails areas in Bandar Utama and Mutiara Damansara.

Accessibility

  • Pavilion Damansara Heights – Pusat Bandar Damansara MRT Station (SBK13)
  • Lebuhraya SPRINT
  • Kerinchi Link (from Federal Highway)
  • Jalan Semantan
  • Jalan Maarof
  • Jalan Duta 

Education

  • Tadika Villamaria Good Shepherd
  • Stella Maris School Medan Damansara
  • Cempaka International School
  • HELP University
  • Universiti Malaya
  • SK Bukit Damansara
  • SMK Bukit Bandaraya

Medical Care

  • Pantai Hospital Kuala Lumpur
  • KPJ Damansara Specialist Hospital
  • Universiti Malaya Medical Centre (UMMC)

Shopping

  • Damansara City Mall
  • Pavillion Damansara Heights
  • Bangsar Shopping Centre
  • Bangsar Village

Recreation

  • TPC Kuala Lumpur
  • Kelab Golf Perkhidmatan Awam
  • National Science Centre
  • Royal Selangor Club, Bukit Kiara
  • Bukit Kiara Equestrian Club
  • Bukit Kiara Forest Reserve
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Analysis

Due to its prime location, accessibility and affluent address, Twins @ Damansara Heights was well sought after during its launch. It was an opportunity to own a piece of property in the esteemed neighbourhood at a reasonable price.

However, subsequent to its completion, the construction of Damansara City Mall and its sibling projects commenced. The construction of this mega project-affected Twins @ Damansara Heights as half of the development faced the new construction site and there were a lot of construction noise and dust.

There are 8 designs for the typical units with built-ups ranging from 766 sq ft for a studio unit, all the way up to 2,078 sq ft for a 4+1 room unit.

The heavy construction vehicles also shared the same access road, causing lots of traffic woes and inconveniences for the residents. This reportedly also impacted the sub-sale of Twins @ Damansara Heights units.

On the other hand, investors with a long term view saw this as a temporary hiccup, and they took this opportunity to pick up units at a discount. They have benefitted with subsequent capital appreciation with the completion of Damansara City Mall, and the much anticipated Pavilion Damansara Heights.

At the present moment, rental at Twins @ Damansara Heights seems to favour the tenant as it was relatively affordable to rent at the luxurious address. As listed on PropertyGuru.com.my, the asking price for a 1,480 sq ft fully furnished standard unit at Twins @ Damansara Heights is at RM1.4 million while the asking rental for a similar unit is approximately RM3,500 per month. Thus, the approximate gross rental yield is 3% per annum.

Here’s a quick look at residential properties in Damansara Heights.

Project

Land Tenure

Unit Type

Completion

Built-up

Approximate Launch Price

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

DC Residensi by Guocoland Bhd

 Freehold

Serviced Residence

2017

904 sq ft – 1,668 sq ft

RM1,269,100– RM9,135,000

Idamansara by E&O Property Development

Freehold

Semi-detached residences

2007

4,400 sq ft – 5,130 sq ft

RM2,600,000 – RM4,100,000

Beringin Residence

Freehold

Townhouses, Semi-D & Bungalow

2009

3,200 sq ft – 3,500 sq ft

N/A

Clearwater Residences by Clearwater Developments

Freehold

Condominium

2011

826 sq ft – 4,735 sq ft

From RM578,000

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

N/A

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Summary

Damansara Heights has a predominantly flat residential contour with low density, and the address is normally associated with exclusive bungalows of tycoons and the who’s who since the late 1980s.

As such, when first completed in 2010, Twins @ Damansara Heights was a stark and contrasting residential landmark in the heart of the Damansara Heights commercial district.

A few years on, it is now accompanied and maybe even slightly over-shadowed by other new adjacent developments such as DC Residensi, Sofitel Hotel, Damansara City Mall and the integrated Pavilion Damansara Heights.

Nevertheless, it continues to draw interest from investors and renters due to the strategic location and address.

There are 8 designs for the typical units with built-ups ranging from 766 sq ft for a studio unit, all the way up to 2,078 sq ft for a 4+1 room unit.

These new and contemporary developments are changing the landscape of the area vastly. Fortunately for the residents of the older part of Damansara Heights, these new developments are huddled at the core of the commercial district and does not disrupt the charm and exclusivity of the old residential area.

If you’re interested in a unit at Twins @ Damansara Heights that’s priced at RM1,400,000 here are its estimated loan figures.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM140,000
  • Loan amount: RM1,260,000
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM5,449
  • Approximate required gross annual income: RM218,000*

These calculations are based on the: 

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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Eric Wong

Pavither

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