Neo Damansara, Damansara Perdana

Neo Damansara is a leasehold integrated office, residential & retail hub located in Damansara Perdana, Petaling Jaya. It consists of Mercu Mustapha Kamal. There are 168 units available at this project with built-up from 421 sf to 733 sf for condominium units, 1,400 sf to 1,560 sf for offices, 1,400 sf to 1,560 sf for offices and 1,400 sf for shop-offices. It was developed by Emkay Group, and was completed about Late 2012.

Emkay Group is a mid-sized real estate group, and it has undertaken around 17 real estate projects in Malaysia. Other similar projects by the same developer are Autoville, Biz Avenue 2, Menara OBYU, NeoCyber, PJ Trade Centre, Star Central, Tamarind Square, Tamarind Suites, The Domain and The Mulia Residences.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Leasehold
Built-up
421 sf - 733 sf (Condominium)
1,400 sf - 1,560 sf (Office)
1,400 sf - 1,560 sf (Office)
1,400 sf (Shop-Office)
Market Price
RM290,000 - RM500,000 (Condominium)
RM1,200,000 (Shop-Office)
Total Units
168 Units
Completion Date
Late 2012
Developer
Launch Price
-NA-

This integrated office, residential & retail hub has some amenities nearby, such as universities and hospitals. The following are some of the major universities here:

The current rental yield of Neo Damansara is 5.26% for condominium units, 4.91% for offices, 4.91% for offices and 3.75% for shop-offices. The highest rental yield ever recorded was 5.82% in Q4 2013 (condominium), 8.01% in Q2 2020 (office), 8.01% in Q2 2020 (office) and 4.29% in Q1 2019 (shop-office); while the lowest one was 3.8% in Q2 2016 (condominium), 4.29% in Q4 2017 (office), 4.29% in Q4 2017 (office) and 2.33% in Q2 2018 (shop-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 Neo Damansara for condominium units is Studio / 421 sf with a median price of RM690 psf. For price wise, the most expensive one is Studio / 421 sf with a median price of RM690 psf; while the cheapest one is Studio / 483 sf with a median price of RM630 psf.

Office Layouts

Meanwhile, the most popular layout and size (built-up) combination at Neo Damansara for offices is 1,400 sf with a median rental of RM1.85 psf. For rental wise, the most expensive one is 1,560 sf with a median rental of RM1.87 psf; while the cheapest one is 1,400 sf with a median rental of RM1.85 psf.

Office Layouts

Meanwhile, the most popular layout and size (built-up) combination at Neo Damansara for offices is 1,400 sf with a median rental of RM1.85 psf. For rental wise, the most expensive one is 1,560 sf with a median rental of RM1.87 psf; while the cheapest one is 1,400 sf with a median rental of RM1.85 psf.

Shop-Office Layouts

Lastly, the most popular layout and size (built-up) combination at Neo Damansara for shop-offices is 1,400 sf with a median price of RM860 psf. For price wise, the most expensive one is 1,400 sf with a median price of RM860 psf; while the cheapest one is 1,400 sf with a median price of RM860 psf.

Latest Neo Damansara sale listings:

DateProperty TypeBuilt-upPrice
14 Dec 2022Shop-Office1,148 sfRM392,000
11 Dec 2022Office1,147 sfRM392,000
25 Nov 2022Studio420 sfRM290,000
24 Nov 2022Studio521 sfRM360,000
24 Nov 2022Studio421 sfRM350,000
23 Nov 2022Condominium421 sfRM164,025
16 Nov 2022Studio521 sfRM350,000
16 Nov 2022Studio521 sfRM398,000
3 Nov 2022Condominium421 sfRM252,000
20 Oct 2022Studio421 sfRM182,250

Latest Neo Damansara rental listings:

DateProperty TypeBuilt-upRental
1 Mar 2023Studio421 sfRM1,300
23 Feb 2023Condominium877 sfRM2,500
17 Nov 2022Studio421 sfRM1,300
1 Nov 2022Condominium421 sfRM1,299
4 Nov 2022Condominium421 sfRM1,100
15 Sep 2022Shop-Office2,207 sfRM7,000
8 Sep 2022Shop-Office1,148 sfRM6,500
8 Sep 2022Condominium733 sfRM2,000
5 Sep 2022Condominium421 sfRM1,200
4 Sep 2022Shop-Office6,143 sfRM21,500
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