Park Avenue, Damansara Damai
Park Avenue is a leasehold mixed commercial & condominium development located in Damansara Damai, Petaling Jaya. There are 315 condominium units available at this project with built-up from 884 sf to 1,210 sf for condominium units and 811 sf to 1,480 sf for offices. It was developed by MK Land Holdings Bhd, and was completed in about Feb 2006.
MK Land Holdings Bhd is a large-sized real estate company listed on KLSE, and it has constructed around 27 real estate projects in Malaysia. Other similar projects by the same developer are Ritze Perdana and Ritze Perdana 2.
This mixed commercial & condominium development has some amenities nearby, for example schools and hospitals. The following are some main schools here:
- Darul Qalam Islamic Integrated School (Tadika & Taska)
- SK Damansara Damai 1
- SMK Damansara Damai 1
- SR Islam Integrasi Darul Qalam
The current rental yield of Park Avenue is 6.0% for condominium units and 9.6% for offices. The highest rental yield ever recorded was 7.06% in Q2 2013 (condominium) and 9.6% in Q3 2021 (office); while the lowest one was 3.53% in Q2 2015 (condominium) and 5.54% in Q4 2019 (office). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at Park Avenue for condominium units is 3-bedroom / 884 sf with a median price of RM360 psf. For price wise, the most expensive one is 4-bedroom / 1,210 sf with a median price of RM390 psf; while the cheapest one is 3-bedroom / 884 sf with a median price of RM360 psf.
Meanwhile, the most popular layout and size (built-up) combination at Park Avenue for offices is 1,480 sf with a median price of RM100 psf. For price wise, the most expensive one is 994 sf with a median price of RM300 psf; while the cheapest one is 1,480 sf with a median price of RM100 psf.
Latest Park Avenue for sale listings:
| Date | Type | Built-up | Price |
|---|---|---|---|
| Today | Condominium | 884 sf | RM234,900 |
| 21 Dec 2021 | Low-Cost Flat | 884 sf | RM261,000 |
| 15 Dec 2021 | Condominium | 1,190 sf | RM460,000 |
| 15 Dec 2021 | Condominium | 884 sf | RM298,000 |
| 8 Dec 2021 | Condominium | 884 sf | RM390,000 |
| 12 Dec 2021 | Condominium | 1,150 sf | RM420,000 |
| 12 Dec 2021 | Condominium | 850 sf | RM330,000 |
| 8 Dec 2021 | Condominium | 884 sf | RM320,000 |
| 8 Dec 2021 | Condominium | 884 sf | RM310,000 |
| 8 Dec 2021 | Condominium | 884 sf | RM320,000 |
Latest Park Avenue for rent listings:
| Date | Type | Built-up | Rental |
|---|---|---|---|
| 18 Dec 2021 | Condominium | 888 sf | RM1,200 |
| 30 Nov 2021 | Low-Cost Flat | 800 sf | RM1,100 |
| 12 Oct 2021 | Condominium | 888 sf | RM1,600 |
| 7 Oct 2021 | Penthouse | 888 sf | RM1,600 |
| 9 Sep 2021 | Apartment Room | -NA- | RM350 |
| 18 Aug 2021 | Condominium | 850 sf | RM1,000 |
| 18 Aug 2021 | Condominium | 1,200 sf | RM1,180 |
| 27 Jul 2021 | Condominium | 1,200 sf | RM1,500 |
| 23 Jul 2021 | Condominium | 1,200 sf | RM1,500 |
| 25 Jun 2021 | Condominium | 1,200 sf | RM2,500 |