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.

Property Type
Mixed Commercial & Condominium
Land Tenure
Leasehold
Built-up
884 sf - 1,210 sf (Condominium)
811 sf - 1,480 sf (Office)
Market Price
RM320,000 - RM470,000 (Condominium)
RM150,000 - RM300,000 (Office)
Density
315 Condominiums
Completed In
Feb 2006
Launch Price
-NA-

This mixed commercial & condominium development has some amenities nearby, for example schools and hospitals. The following are some main schools here:

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:

Condominium Layouts

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.

Office Layouts

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:

DateTypeBuilt-upPrice
TodayCondominium884 sfRM234,900
21 Dec 2021Low-Cost Flat884 sfRM261,000
15 Dec 2021Condominium1,190 sfRM460,000
15 Dec 2021Condominium884 sfRM298,000
8 Dec 2021Condominium884 sfRM390,000
12 Dec 2021Condominium1,150 sfRM420,000
12 Dec 2021Condominium850 sfRM330,000
8 Dec 2021Condominium884 sfRM320,000
8 Dec 2021Condominium884 sfRM310,000
8 Dec 2021Condominium884 sfRM320,000

Latest Park Avenue for rent listings:

DateTypeBuilt-upRental
18 Dec 2021Condominium888 sfRM1,200
30 Nov 2021Low-Cost Flat800 sfRM1,100
12 Oct 2021Condominium888 sfRM1,600
7 Oct 2021Penthouse888 sfRM1,600
9 Sep 2021Apartment Room-NA-RM350
18 Aug 2021Condominium850 sfRM1,000
18 Aug 2021Condominium1,200 sfRM1,180
27 Jul 2021Condominium1,200 sfRM1,500
23 Jul 2021Condominium1,200 sfRM1,500
25 Jun 2021Condominium1,200 sfRM2,500
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