PROPERTY SNAPSHOT 4: What’s hot in Kota Damansara?

This is the final part in a series of four snapshots on Kota Damansara.

•    We continue our coverage today on Petaling Jaya’s bustling Kota Damansara township by looking at capital value and asking rental yields for non-landed properties. As earlier previously, the average transacted price per square foot (psf) performed well, rising 44.4% y-y to RM514 psf in 3Q2014, according to statistics analysed by theedgeproperty.com.

•    Based on theedgeproperty.com’s analysis of transactions, Cascades Residences saw the biggest jump in transacted prices, up 41% from RM587 psf to RM828 psf. Cascades and Cova Villa (up 4.3% to RM412 psf) accounted for the bulk of transactions in the period, and hence the overall sharp increase in average prices for the township.

•    Other developments that saw decent gains were the low and mid-priced units, such as Gugusan Semarak (up 22.3% to RM160 psf), Gugusan Seroja (up 15.6% to RM156 psf), Gugusan Mawar (up 14.3% to RM225 psf) and De Rozelle (up 14.1% to RM359 psf).

•    Rental yields in Kota Damansara are fairly decent, especially in two key markets – the lower end market and those that cater to the student population or are near amenities. Most projects provide an annual yield of above 4%, with monthly asking rent of RM1.50 to RM1.70 psf.

•    Pangsapuri Tainia has the highest yield at 8.0%.  This property is located in Section 11 and is easily connected to the NKVE highway. Other projects with high yields are Palma Perak & Puteri (7.7%), Pangasapuri Carlina (6.1%), Casa Residenza (5.5%) and Kasturi Idaman (5.4%). 

•    With the upcoming MRT stations, property values and rental rates are likely to increase in the next few years.

The Analytics are based on the data available at the date of publication and may be subject to further revision as and when more data is made available to us.

Related stories:
PROPERTY SNAPSHOT 1: Kota Damansara, a thriving hotspot
PROPERTY SNAPSHOT 2: What’s affordable in Kota Damansara?
PROPERTY SNAPSHOT 3: What are developments priced in Kota Damansara?