Pacific Place, Ara Damansara

Pacific Place is a leasehold integrated office, residential & retail hub located in Ara Damansara, Petaling Jaya. It comprises Evolve Concept Mall, G Residences, Jazz Residence and The Oak. There are 1,200 apartment units available at this project with built-up from 708 sf to 1,325 sf for apartment units and 5,500 sf for retail units. It was developed by JAKS Resources Bhd with a launch price of about RM380 psf for apartment units, and was completed around 2014.

JAKS Resources Bhd is a small-scale property developer listed on Bursa Malaysia, and it has developed about 4 property projects in Malaysia. Other similar projects by the same developer are Evolve Concept Mall, The Oak and USJ Sentral.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Leasehold
Built-up
708 sf - 1,325 sf (Apartment)
5,500 sf (Retail)
Market Price
RM420,000 - RM690,000 (Apartment)
RM4,290,000 (Retail)
Density
1,200 Apartments
Completed In
2014
Developer
JAKS Resources Bhd
Launch Price
RM380 psf (Apartment)

This integrated office, residential & retail hub has many amenities nearby, i.e. metro transport stations, universities and schools. The following are some of the main metro transport stations here:

As for universities, there are Innovative International College and Life College.

The current market prices for Pacific Place are from RM420,000 to RM690,000 (about RM570 psf) for apartment units and RM4,290,000 (about RM780 psf) for retail units; while the monthly rentals are from RM1,400 to RM2,200 (about RM1.91 psf) for apartment units and RM6,000 to RM9,000 (about RM5.33 psf) for retail units. The highest median price psf ever recorded was RM928 psf in Q2 2014 (Apartment) and RM1,044 psf in Q3 2015 (Retail); while the lowest one was RM393 psf in Q4 2010 (Apartment) and RM725 psf in Q4 2018 (Retail).

The current rental yield of Pacific Place is 3.59% for apartment units. The highest rental yield ever recorded was 4.59% in Q2 2017 (Apartment); while the lowest one was 2.94% in Q4 2015 (Apartment). Meanwhile, the most common unit layouts and sizes available here are as follows:

Apartment Layouts

The most popular layout and size combination at Pacific Place for apartment units is 2-bedroom / 864 sf with a median price of RM570 psf. For price wise, the most expensive one is 3-bedroom / 933 sf with a median price of RM720 psf; while the cheapest one is 3-bedroom / 1,325 sf with a median price of RM520 psf.

Retail Layouts

Lastly, the most popular layout and size combination at Pacific Place for retail units is 5,500 sf with a median price of RM780 psf. For price wise, the most expensive one is 5,500 sf with a median price of RM780 psf; while the cheapest one is 5,500 sf with a median price of RM780 psf.

Latest Pacific Place for sale listings:

DateTypeBuilt-upPrice
TodayApartment864 sfRM440,000
TodayApartment1,350 sfRM750,000
TodayApartment906 sfRM560,000
TodayOffice1,051 sfRM550,000
YesterdayApartment1,257 sfRM628,500
22-Jan-19Condominium864 sfRM488,000
20-Jan-19Shop-Office5,300 sfRM3,650,000
20-Jan-19SOHO1,055 sfRM600,000
20-Jan-19Retail5,720 sfRM4,150,000
20-Jan-19Apartment864 sfRM520,000

Latest Pacific Place for rent listings:

DateTypeBuilt-upRental
TodayShop-Office1,600 sfRM3,300
TodayCondominium711 sfRM1,400
TodayCondominium711 sfRM1,400
TodayCondominium864 sfRM1,600
TodayRoom In Apartment-NA-RM750
TodayRoom In Apartment-NA-RM750
TodayRoom In Apartment-NA-RM650
TodaySOHO1,055 sfRM1,900
TodayRoom In Apartment-NA-RM800
YesterdayRoom In Apartment-NA-RM850