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DONE DEAL: Serviced apartment, DC Residensi, Damansara Heights, Kuala Lumpur

Rented for: RM7,200 per month (RM3.90 psf)

Concluded by: Kelly Tan (PEA 1960) (012-266 0695) of IQI Realty Sdn Bhd

When: February 2020

Noteworthy:
Freehold
Built-up: 1,851 sq ft
3 bedrooms; 3 bathrooms
Fully furnished unit with unblocked city views
Amenities nearby: MRT station, corporate offices, shopping malls, hotels, restaurants, public and international schools like Stella Maris International School, Cempaka International School and Gardens International School, as well as medical centres
Easy access to main roads like Jalan Johar and Jalan Beringin, as well as highways such as the Damansara Link, the SPRINT Highway and New Klang Valley Expressway (NKVE)

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Located in Damansara Heights, DC Residensi is part of the 8.5-acre freehold Damansara City project - a transit-oriented (TOD) development, which was developed by GuocoLand Malaysia Bhd.

According to Kelly Tan from IQI Realty, who concluded the rental deal, Damansara Heights is one of the most sought after high-end addresses. It is close to amenities and easily accessible.

“The owner had purchased the serviced apartment for rental returns as DC Residensi is part of the Damansara City development which has multiple components including retail mall, hotel and offices. The property is also located within walking distance to the Pusat Damansara MRT (mass rapid transit) station,” she said.

The apartment has been rented to an expat from Italy who chose the unit as it was fully-furnished and has a balcony offering an unobstructed panoramic view of the area. Although the deal was concluded in February, the commencement of the tenancy agreement only began in mid-June due to the Covid-19 outbreak.

“The tenant was in Italy after the agreement was signed but could not return to Malaysia when the country’s borders closed due to the Covid-19 outbreak. However, the owner agreed to extend the commencement date of the rental agreement considering the current circumstances,” Tan said.

EdgeProp.my data showed that there was only one transaction at DC Residensi in 2019. The unit sold for RM1.3 million or RM1,388 psf. In 2018, two units were sold for an average RM1.98 million or RM1,376 psf.

As at July 2, 2020, there were 36 units listed for sale on EdgeProp.my with the average asking price at RM1,527 psf. There were also 16 rental listings asking for a monthly rental of RM7,000 or RM4.43 psf.

Interested to rent a unit in DC Residensi? Or click here for more property listings in Damansara HeightsClick here to know more about Kelly Tan and potential good deals.

Planning to buy or sell a home? With EdgeProp's FREE transacted price tool, you can check past transaction prices for any property by name or area and make an informed decision.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
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