Declining prices or not, Damansara Heights in the heart of Kuala Lumpur continues to fly high as a hot and affluent address in the Klang Valley.
Besides housing an enclave of mostly established rich families, Damansara Heights is also home to the National Science Centre and the National Palace, the royal residence of the Yang di-Pertuan Agong, the monarch of Malaysia.
The highly accessible area also provides selective eateries and essential retail items. It also houses private and international schools – Stella Maris School and Cempaka International School.
KLCT International Realty Sdn Bhd real estate negotiator Mak Kar Kuen, who is also EdgeProp.my PRO agent, tells EdgeProp.my the well-landscaped, serene living environment and strategic location have made Damansara Heights a “branded address” to many.
“In fact, some high-net-worth individuals are buying properties in this area for a collection purpose, as owning landed properties here is also considered a symbol of their wealth,” he notes.
Mak sees landed property prices here to continue on its upward climb in the long term, no thanks to land scarcity. Hence, the current market is a window of opportunity for the cash-rich looking for portfolio diversification.
Ernte Real Assets executive director Gary Chia concurs, says that Damansara Heights’ attraction is its proximity to the Kuala Lumpur city centre.
Located west of KL, Damansara Heights is some 8km from KL city centre or a 15-20 minutes’ drive, depending on traffic conditions. It is also noteworthy there are no tolls or bottleneck roads to the KL city centre, adds Chia.
Besides, the addition of Mass Rapid Transit (MRT) stations – Semantan and Pusat Bandar Damansara stations – in Damansara Heights have enhanced its connectivity to KL city centre and other major business hubs in the Klang Valley.
Residents in this neighbourhood will have a choice of two shopping malls – DC Mall and Pavilion Mall in Damansara town centre, while business owners will have choices of several high-end corporate buildings to set up their offices, adds Aegis Property director Shawn Fernandez.
“To top it off, owners in Damansara Heights have the pleasure of some fantastic restaurants and cafes to satisfy their culinary desires,” adds Fernandez.
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