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 apartment units, 611 sf to 1,938 sf for offices and 1,021 sf to 1,611 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 16 real estate projects in Malaysia. Other similar projects by the same developer are Biz Avenue, Biz Avenue 2, Menara OBYU, Mercu Mustapha Kamal, NeoCyber, PJ Trade Centre, Star Central, Tamarind Square, Tamarind Suites and The Domain.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Leasehold
Built-up
421 sf - 733 sf (Apartment)
611 sf - 1,938 sf (Office)
1,021 sf - 1,611 sf (Shop-Office)
Market Price
RM340,000 - RM510,000 (Apartment)
RM370,000 - RM1,140,000 (Office)
RM480,000 - RM1,000,000 (Shop-Office)
Density
168 Units
Completed In
Late 2012
Developer
Launch Price
-NA-

The only amenities nearby this integrated office, residential & retail hub are some universities.

The current market prices for Neo Damansara are from RM340,000 to RM510,000 (about RM800 psf) for apartment units, RM370,000 to RM1,140,000 (about RM480 psf) for offices and RM480,000 to RM1,000,000 (about RM570 psf) for shop-offices; while the monthly rentals are from RM1,400 to RM1,800 (about RM3.33 psf) for apartment units, RM1,800 to RM57,600 (about RM2.18 psf) for offices and RM2,500 (about RM1.79 psf) for shop-offices. The highest median price psf ever recorded was RM878 psf in Q1 2015 (Apartment), RM695 psf in Q3 2011 (Office) and RM744 psf in Q1 2019 (Shop-Office); while the lowest one was RM651 psf in Q4 2011 (Apartment), RM384 psf in Q1 2010 (Office) and RM566 psf in Q4 2018 (Shop-Office).

The current rental yield of Neo Damansara is 5.09% for apartment units and 4.55% for offices. The highest rental yield ever recorded was 5.82% in Q4 2013 (Apartment) and 6.29% in Q4 2017 (Office); while the lowest one was 3.8% in Q2 2016 (Apartment) and 4.55% in Q1 2019 (Office). Meanwhile, the most common unit layouts and sizes available here are as follows:

Apartment Layouts

The most popular layout and size combination at Neo Damansara for apartment units is Studio / 421 sf with a median price of RM800 psf. For price wise, the most expensive one is Studio / 421 sf with a median price of RM800 psf; while the cheapest one is 1-bedroom / 733 sf with a median price of RM700 psf.

Office Layouts

Meanwhile, the most popular layout and size combination at Neo Damansara for offices is 1,560 sf with a median price of RM480 psf. For price wise, the most expensive one is 1,611 sf with a median price of RM680 psf; while the cheapest one is 1,431 sf with a median price of RM470 psf.

Shop-Office Layouts

Meanwhile, the most popular layout and size combination at Neo Damansara for shop-offices is 1,400 sf with a median price of RM570 psf. For price wise, the most expensive one is 1,611 sf with a median price of RM620 psf; while the cheapest one is 1,021 sf with a median price of RM470 psf.

Latest Neo Damansara for sale listings:

DateTypeBuilt-upPrice
TodayCondominium933 sfRM600,000
TodayCondominium521 sfRM324,000
18-Apr-19Studio521 sfRM370,000
16-Apr-19Condominium470 sfRM350,000
14-Apr-19Shop-Office2,071 sfRM720,000
06-Apr-19Studio521 sfRM380,000
31-Mar-19Condominium-NA-RM360,000
24-Mar-19Condominium-NA-RM360,000
19-Mar-19Office821 sfRM280,000
19-Mar-19Retail1,404 sfRM1,100,000

Latest Neo Damansara for rent listings:

DateTypeBuilt-upRental
15-Apr-19Studio450 sfRM1,750
15-Apr-19Studio483 sfRM1,600
15-Apr-19Studio421 sfRM1,500
15-Apr-19Studio421 sfRM1,100
15-Apr-19Condominium733 sfRM1,900
15-Apr-19Condominium733 sfRM1,800
13-Apr-19Studio421 sfRM1,500
13-Apr-19Studio421 sfRM1,300
13-Apr-19Condominium733 sfRM1,800
13-Apr-19Studio-NA-RM2,000