Ara Damansara is a relatively new and upcoming township, located at the borders of Subang near
the old Subang airport, Sultan Abdul Aziz Shah Airport. It was once considered to be an outback area where
not much attention was paid to it.
Things however took a sharp turn for the better in recent years after Sime Darby took over, and prices of
property in Ara Damansara shot up immediately almost overnight. A small double storey terrace house that
only cost RM350,000 in the year 2000 was being sold for a minimum of RM850,000 only 3 years later, while
the luxury condominiums were price from RM700,000 onwards in the year 2014.
The area developed very rapidly suddenly, and abandoned projects such as The Maisson was quickly bought over by enterprising developers to be continued. Contributing to the sudden prosperity of this township is the
upcoming MRT project, which will have a station within close radius of the residential community.
Inasmuch as property investors are extremely happy, many motorists have voiced their extreme displeasure
as the main road of Persiaran Surian serving the community is usually already at an extreme gridlock during
peak hours, and the MRT station in the area is expected to increase the traffic drastically.
A little known and interesting fact is that although most of the developments here are under Sime Darby,
there are also a few that are under other developers. The few that are not from the renowned developer are
all leasehold, while everything under Sime Darby is freehold.
Credit : Propsocial 12.11.2019
Property Type
Condominium/Apartment,Detached,Semi-Detached,Terraced House
Profitable Transactions (Limited to 5 Total of 1 Transactions)
Bought On
Sold On
Area (sqft)
Sale Price (RM sqft)
Buy Price(RM sqft)
Profit (RM)
Growth (%)
11 Apr 19
03 Oct 19
753 ft²
478
393
60,000
46.3
Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed.
Affordability
Down Payment (10%)RM 0
Loan Amount (%)RM 0
Tenure Years0 Years
Interest Rate0%
Loan Amount 90%
Down Payment 10%
Monthly Installment
RM 0±
Mortgage Provided by Hong Leong Bank
Maintenance Fees
RM 0 ±
RM 0 psf (0 sq ft)
Total Monthly Expenses
RM 0±
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