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, 3,300 sf to 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)
3,300 sf - 5,500 sf (Retail)
5,300 sf (Shop-Office)
Market Price
RM330,000 - RM700,000 (Apartment)
RM3,470,000 - 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 RM330,000 to RM700,000 (about RM570 psf) for apartment units, RM3,470,000 to 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 RM1,300 to RM2,200 (about RM1.91 psf) for apartment units and RM5,600 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 Q2 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 3.84% 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 RM750 psf; while the cheapest one is Studio / 708 sf with a median price of RM470 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 3,300 sf with a median price of RM1,050 psf; while the cheapest one is 5,500 sf with a median price of RM780 psf.

Shop-Office Layouts

Meanwhile, 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
TodayApartment1,257 sfRM628,500
TodayCondominium864 sfRM488,000
TodayOffice1,051 sfRM550,000
16-May-19Condominium1,288 sfRM585,000
16-May-19Condominium864 sfRM450,000
15-May-19Apartment687 sfRM470,000
15-May-19Apartment864 sfRM520,000
14-May-19Condominium864 sfRM430,000
14-May-19Condominium930 sfRM560,000
14-May-19Condominium864 sfRM477,000

Latest Pacific Place for rent listings:

DateTypeBuilt-upRental
TodayRoom In Apartment-NA-RM1,000
TodayRoom In Apartment-NA-RM1,000
TodayRoom In Apartment-NA-RM700
TodayCondominium1,042 sfRM1,800
TodaySOHO708 sfRM1,400
YesterdayRoom In Apartment-NA-RM1,000
YesterdayShop-Office1,534 sfRM10,000
21-May-19Room In Apartment-NA-RM850
21-May-19Room In Apartment-NA-RM770
21-May-19Room In Apartment-NA-RM850