Empire City, Damansara Perdana
Empire City is a leasehold integrated office, residential & retail hub located in Damansara Perdana, Petaling Jaya. It consists of Colonial Loft, Empire City Mall, Halo Sunday, Iconic Tower, Mossaz and MyLoft. The built-up available at this project is 448 sf to 952 sf for apartment units, 436 sf to 11,206 sf for offices and 768 sf to 952 sf for SOHO units. It was developed by Mammoth Empire Holdings Sdn Bhd with a launch price of around RM500 psf for apartment units, RM500 psf for SOHO units, and was completed about 2015.
Mammoth Empire Holdings Sdn Bhd is a large-sized real estate organization held privately, and it has undertaken around 22 real estate projects in Malaysia. Other similar projects by the same developer are Empire Damansara and Empire Remix.
The only amenities nearby this integrated office, residential & retail hub are some universities.
The current market prices for Empire City are from RM270,000 to RM520,000 (about RM610 psf) for apartment units, RM260,000 to RM7,730,000 (about RM600 psf) for offices and RM390,000 to RM440,000 (about RM480 psf) for SOHO units; while the monthly rentals are from RM1,100 to RM1,200 (about RM2.49 psf) for apartment units, RM2,000 (about RM1.52 psf) for offices and RM1,300 to RM1,400 (about RM1.47 psf) for SOHO units. The highest median price psf ever recorded was RM862 psf in Q1 2014 (Apartment), RM990 psf in Q1 2019 (Office) and RM661 psf in Q4 2015 (SOHO); while the lowest one was RM483 psf in Q2 2011 (Apartment), RM598 psf in Q1 2018 (Office) and RM477 psf in Q2 2019 (SOHO).
The current rental yield of Empire City is 5.14% for apartment units and 4.18% for SOHO units. The highest rental yield ever recorded was 5.14% in Q3 2019 (Apartment) and 4.33% in Q1 2019 (SOHO); while the lowest one was 3.64% in Q4 2016 (Apartment) and 3.0% in Q4 2016 (SOHO). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Empire City for apartment units is Studio / 462 sf with a median price of RM610 psf. For price wise, the most expensive one is Studio / 462 sf with a median price of RM610 psf; while the cheapest one is 1-bedroom / 952 sf with a median price of RM550 psf.
Meanwhile, the most popular layout and size combination at Empire City for offices is 436 sf with a median price of RM600 psf. For price wise, the most expensive one is 11,206 sf with a median price of RM690 psf; while the cheapest one is 436 sf with a median price of RM600 psf.
Lastly, the most popular layout and size combination at Empire City for SOHO units is 1-bedroom / 813 sf with a median price of RM480 psf. For price wise, the most expensive one is 1-bedroom / 768 sf with a median price of RM510 psf; while the cheapest one is 1-bedroom / 952 sf with a median price of RM460 psf.
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