Pacific Place, Ara Damansara
Pacific Place is a leasehold integrated mall, office & residential hub that is located in Ara Damansara, Petaling Jaya. It comprises Evolve Concept Mall, G Residences, Jazz Residence and The Oak.
There are 1,200 condominium units available at this property with built-up from 529 sf to 1,325 sf for condominium units, 5,500 sf for retail units and 5,300 sf for shop-offices. It was developed by JAKS Resources Bhd with a launch price of about RM380 psf for condominium units, and was completed in 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.
This integrated mall, office & residential hub has some amenities nearby, i.e. hospitals, transit stations, schools and universities. The following are some of the major hospitals here:
- Acc Evesuite Medical Centre
- Deacon Medical
As for transit stations, there are LRT Ara Damansara and LRT Lembah Subang.
The current rental yield of Pacific Place is 5.3% for condominium units and 3.49% for offices. The highest rental yield ever recorded was 5.45% in Q1 2014 (condominium) and 3.71% in Q4 2019 (office); while the lowest one was 2.94% in Q4 2015 (condominium) and 2.4% in Q3 2018 (office). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at Pacific Place for condominium units is 2-bedroom / 864 sf with a median price of RM490 psf. For price wise, the most expensive one is Studio / 529 sf with a median price of RM620 psf; while the cheapest one is Studio / 708 sf with a median price of RM410 psf.
Meanwhile, the most popular layout and size (built-up) combination at pacific place for retail units is 5,500 sf with a median price of rm600 psf. For price wise, the most expensive one is 5,500 sf with a median price of RM600 psf; while the cheapest one is 5,500 sf with a median price of RM600 psf.
Lastly, the most popular layout and size (built-up) combination at pacific place for shop-offices is 5,300 sf with a median price of rm600 psf. For price wise, the most expensive one is 5,300 sf with a median price of RM600 psf; while the cheapest one is 5,300 sf with a median price of RM600 psf.
Latest Pacific Place sale listings:
| Date | Property Type | Built-up | Price |
|---|---|---|---|
| Today | Shop-Office | 1,684 sf | RM904,000 |
| 17 May 2023 | Office | 1,874 sf | RM1,000,000 |
| 14 Apr 2023 | Condominium | 933 sf | RM340,123 |
| 11 Apr 2023 | Condominium | 931 sf | RM340,123 |
| 15 Apr 2023 | Condominium | 933 sf | RM340,122 |
| 14 Apr 2023 | Apartment | 933 sf | RM344,000 |
| 7 Apr 2023 | Condominium | 933 sf | RM344,000 |
| 30 Mar 2023 | Condominium | 933 sf | RM377,914 |
| 2 Apr 2023 | Condominium | 932 sf | RM344,000 |
| 2 Apr 2023 | Condominium | 933 sf | RM344,000 |
Latest Pacific Place rental listings:
Parking system a little messed up..