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

•    Today, we look at price growth and indicative rental yields for non-landed homes in Kota Damansara. From the analysis of transactions by TheEdgeProperty.com, the average transacted price for non-landed homes in the secondary market was RM382 psf in 1Q2015.

•    Buoyed by increasingly upscale developments such as Sunway Nexis and Cascades, capital values have appreciated moderately. The highest relative growths can be observed at the low-cost segment, such as at Gugusan Seroja (25.3%), Gugusan Semarak (15.6%) and Gugusan Teratai (11.9%), where capital values began at a lower base.

•    Within the medium-cost segment, the highest growths can be observed at Pangsapuri Carlina, where the average price grew 20.4% y-o-y to reach an average of RM342 psf in the 12 months to 1Q2015. Situated in Section 5, this project is located close to AEON Big Kota Damansara and the commercial centres at The Strand and Dataran Sunway.

•    The highest indicative rental yields as observed from asking rentals can also be seen at Palma Perak & Puteri (6.4%) and Pangsapuri Carlina (5.5%). Typical 3-bedroom units here fetch up to RM1,300 monthly rent. Rental yields here are elevated due to the efficient unit sizes and the lower capital base.

•    Projects that cater to the student population also see an active rental market such as Casa Residenza (5.3%) and Cova Villa (5.0%).

•    The upcoming MRT stations at Kota Damansara and Surian are expected to raise rental interest especially among those who appreciate the convenience of living close to commercial centres.

•    Among properties located closest to these stations are Casa Residenza, Gugusan Mawar, Gugusan Melati, I Residence and Sunway Nexis.