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, 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 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)
5,300 sf (Shop-Office)
Market Price
RM400,000 - RM680,000 (Apartment)
RM4,290,000 (Retail)
RM3,660,000 (Shop-Office)
Density
1,200 Apartments
Completed In
2014
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 RM400,000 to RM680,000 (about RM560 psf) for apartment units, RM4,290,000 (about RM780 psf) for retail units and RM3,660,000 (about RM690 psf) for shop-offices; while the monthly rentals are from RM1,400 to RM2,200 (about RM1.97 psf) for apartment units and RM4,500 to RM9,000 (about RM5.33 psf) for retail units. The highest median price psf ever recorded was RM928 psf in Q2 2014 (Apartment), RM1,044 psf in Q3 2015 (Retail) and RM694 psf in Q3 2019 (Shop-Office); while the lowest one was RM393 psf in Q4 2010 (Apartment), RM725 psf in Q4 2018 (Retail) and RM688 psf in Q1 2019 (Shop-Office).

The current rental yield of Pacific Place is 4.21% for apartment units. The highest rental yield ever recorded was 4.63% in Q2 2019 (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 RM560 psf. For price wise, the most expensive one is 3-bedroom / 933 sf with a median price of RM730 psf; while the cheapest one is 3-bedroom / 1,257 sf with a median price of RM500 psf.

Retail Layouts

Meanwhile, 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.

Shop-Office Layouts

Lastly, the most popular layout and size combination at Pacific Place for shop-offices is 5,300 sf with a median price of RM690 psf. For price wise, the most expensive one is 5,300 sf with a median price of RM690 psf; while the cheapest one is 5,300 sf with a median price of RM690 psf.

Latest Pacific Place for sale listings:

DateTypeBuilt-upPrice
TodayApartment687 sfRM470,000
TodayApartment906 sfRM560,000
TodayOffice1,051 sfRM550,000
YesterdayApartment864 sfRM520,000
21-Aug-19Shop-Office5,300 sfRM3,450,000
21-Aug-19Shop-Office6,692 sfRM4,650,000
21-Aug-19Shop-Office5,500 sfRM4,500,000
19-Aug-19Retail5,500 sfRM4,300,000
19-Aug-19Retail5,500 sfRM4,200,000
18-Aug-19Apartment1,350 sfRM750,000

Latest Pacific Place for rent listings:

DateTypeBuilt-upRental
TodayCondominium864 sfRM1,850
TodayCondominium864 sfRM1,550
TodayCondominium906 sfRM2,300
YesterdayRoom In Apartment-NA-RM850
YesterdayRoom In Apartment-NA-RM1,000
22-Aug-19Room In Apartment-NA-RM650
22-Aug-19Condominium930 sfRM1,800
22-Aug-19Room In Apartment-NA-RM1,000
22-Aug-19Room In Apartment-NA-RM750
22-Aug-19Room In Apartment-NA-RM650

1 user comments on Pacific Place:

Julianna
19 Aug 2019 @ 11:45 AM
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