KUALA LUMPUR (June 10): GuocoLand ​(Malaysia) Bhd held a “topping out” ceremony for its RM2.5 billion Damansara City project in Damansara Heights today. 

The development’s final building is a 5-star hotel.

 “This completion of construction phase is an important milestone not just for Damansara City but [because it is] a Key Entry Point Project identified under the Economic Transformation Programme in early 2011,” said managing director Tan Lee Koon.

Negotiations are being finalised for the 312-room hotel to be run by a five-star hotel group from the UK.

​"We expect the hotel to be fully operational by next year," said Tan.​

Damansara City sits on ​8.5​ acres of ​freehold land​, and​ consist​s​ of two Grade-A office towers of 19 and 30-storeys, two ​towers of ​28​-storey serviced apartments, a 4-storey retail mall and the 23-storey hotel.

Tan said the residential component of the development, DC Residency, is near completion and residents are expected to move in by year-end. 

DC Residency comprises 370 partly furnished luxury apartments with a built-up area of between 899 sq ft and 2,705 sq ft. Selling prices start at RM1.3 million or RM1,500 psf. 

DC Residency's Tower A has been 50% taken up. It will be officially launched on July 3. 

Tan said Tower B will be put on sale once Tower A is fully sold.

Damansara City is an MSC-status development that is compliant with the Green Building Index rating, the Leadership in Energy and Environmental Design Gold rating and CONQUAS Quality Assessment for building construction works.​

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