Damansara Avenue, Bandar Sri Damansara
Damansara Avenue is a freehold integrated office, residential & retail hub located in Bandar Sri Damansara, Kepong. It comprises Ativo Plaza, Ativo Suites and Azelia Residence. The built-up available at this project is 614 sf to 2,110 sf for apartment units and 547 sf to 2,308 sf for offices. It was developed by TA Properties Sdn Bhd with a launch price at about RM520 psf for apartment units, and was completed in around 2014.
TA Properties Sdn Bhd is a medium-scale property development company held privately, and it has built about 9 property projects in Malaysia. Other similar projects by the same developer are Ativo Plaza, Ativo Suites, Azelia Residence, Damansara Idaman, Idaman Residence, Idaman Villas, Menara TA One and Nova Square.
This integrated office, residential & retail hub has many amenities nearby, e.g. hospitals, schools and universities. The following are some hospitals here:
- Hospital Melaka
- Leong Hoon Leok Acupuncure & Medical Centre
The current market prices for Damansara Avenue are from RM580,000 to RM1,350,000 (about RM770 psf) for apartment units and RM430,000 to RM1,410,000 (about RM760 psf) for offices; while the monthly rentals are from RM1,800 to RM3,900 (about RM2.17 psf) for apartment units and RM1,600 to RM4,700 (about RM2.55 psf) for offices. The highest median price psf ever recorded was RM863 psf in Q3 2014 (Apartment) and RM771 psf in Q3 2017 (Office); while the lowest one was RM611 psf in Q2 2012 (Apartment) and RM637 psf in Q4 2013 (Office).
The current rental yield of Damansara Avenue is 4.11% for apartment units and 4.48% for offices. The highest rental yield ever recorded was 4.27% in Q1 2017 (Apartment) and 4.85% in Q3 2013 (Office); while the lowest one was 2.84% in Q2 2018 (Apartment) and 3.8% in Q2 2018 (Office). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Damansara Avenue for apartment units is 2-bedroom / 969 sf with a median price of RM770 psf. For price wise, the most expensive one is 1-bedroom / 614 sf with a median price of RM940 psf; while the cheapest one is 3-bedroom / 2,110 sf with a median price of RM640 psf.
Meanwhile, the most popular layout and size combination at Damansara Avenue for offices is 600 sf with a median price of RM760 psf. For price wise, the most expensive one is 547 sf with a median price of RM790 psf; while the cheapest one is 2,308 sf with a median price of RM610 psf.
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