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DONE DEAL: Serviced apartment, Metropolitan Square, Damansara Perdana, Selangor

Sold for: RM500,000 (RM420 psf)

Concluded by: Jin Teok (REN 24772) (012-771 7963) of Fortress Real Estate Sdn Bhd

When: June 2020

Noteworthy:
● Leasehold
● Built-up size: 1,190 sq ft
● Three bedrooms; two bathrooms
● Unfurnished unit
● Low floor unit with a garden view
● Facilities: Two infinity pools, a clubhouse, two lap pools, two children’s pools, sauna, gym, badminton court, steam room, barbecue area and a tennis court
● Amenities: Schools, shopping malls, hypermarket and supermarket, hospital, medical centre, eateries and restaurants, commercial hub and banks
● Easy access via Damansara-Puchong Expressway (LDP), Western KL Traffic Dispersal System (SPRINT) and Kuala Lumpur Middle Ring Road 2 (MRR2)

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Metropolitan Square is a mixed development project by MK Land Holdings (now known as EMKAY Group). The property has a total of six condo blocks with unit built-up sizes ranging from 450 sq ft to 1,426 sq ft.

According to Jin Teok of Fortress Real Estate Sdn Bhd, who concluded a deal in Metropolitan Square recently, the seller decided to cash out the self-occupied unit to fund his business

The buyer was attracted by this 1,190 sq ft unit with 3-bedroom and 2-bathroom. The unfurnished unit also comes with a lush garden view as well as two covered carpark lots, he said.

The location and layout of the unit have met the buyer’s preference as he was looking for a property for self occupation in the Damansara Perdana or Petaling Jaya area, for the easy accessibility and proximity to various amenities.

Teok reckoned that it is a good deal for the buyer, as the unit was transacted at RM420 psf only.

“The property price in Damansara Perdana averaged RM500 psf onwards. Moreover, it is a rather big unit at close to 1,200 sq ft. It’s a rare find for a property in such quality, price and location,” Teok noted.

According to EdgeProp Research, there were 21 Metropolitan Square transactions recorded in 2019 with an average transacted price of RM500,190 or RM496 psf.

Meanwhile, as at the end of July, there are 105 Metropolitan Square condos listed for sale with an average asking price of RM510,800 or RM524 psf. There are also 103 units looking for tenants with an average asking monthly rental of RM1,815 or RM1.50 psf.

Interested to buy a unit in Metropolitan Square? Or click here for more property listings in Damansara Perdana. Click here to know more about Jin Teok​ 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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