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DONE DEAL: Serviced apartment, Uptown Residences, Damansara Uptown, Petaling Jaya

Sold for: RM1.6 million (RM948 psf)

Concluded by: Zack Ng of Knight Frank (PEA2049) (016-645 9797)

When: October 2018

Noteworthy:

Freehold
● Built-up:  1,687 sq ft
● Unit with plaster ceiling, kitchen cabinets and wardrobe
● 2+1 bedrooms, 4 bathrooms
● Nearby amenities:  Starling Mall, shops, eateries and banks at Damansara Uptown.     
● Maintenance fee:  55 sens psf

Uptown Residences is a serviced apartment project located at Jalan SS21/60 in Damansara Uptown, Petaling Jaya.

Developed by See Hoy Chan Sdn Bhd Group, it comprises two towers: the Family Tower and the Lifestyle Tower.

* DONE DEAL: Unit at Kiaraville, Mont’Kiara, Kuala Lumpur

* DONE DEAL: Serviced residence at Twin Arkz, Bukit Jalil, Kuala Lumpur

The Family Tower is 30 storeys high and offers 202 apartments and four penthouses. To cater to families, the units here have large built-ups from 1,687 sq ft to 2,516 sq ft. Meanwhile, the Lifestyle Tower is 32-storeys high and offers 170 units. Built-ups for the units in the Lifestyle Tower range from 734 sq ft to 1,040 sq ft.

According to Knight Frank’s real estate agent Zack Ng, who concluded the deal, the buyer was very much attracted by the convenience of living in bustling Damansara Uptown where there are plenty of eateries, banks and other services and shops.

“The current asking prices for similar units are from RM1.75 million to RM1.78 million,” said Ng. 

Based on EdgeProp.my’s 79 sale listings as of March 2019, the average asking price of the units here is around RM1,030 psf or RM2.08 million.

The latest sale transaction at  Uptown Residences went for RM1,077 psf or RM1.16 million at 4Q2018.

Meanwhile, there were 136 rental listings as at March 2019, with the average asking rental at RM3.19 psf or RM 4,785. The indicative rental yield is 3.75%.

Interested to buy properties in Damansara? Click here.

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