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
RM330,000 - RM520,000 (Apartment)
RM370,000 - RM1,140,000 (Office)
RM470,000 - RM1,300,000 (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 RM330,000 to RM520,000 (about RM790 psf) for apartment units, RM370,000 to RM1,140,000 (about RM480 psf) for offices and RM470,000 to RM1,300,000 (about RM550 psf) for shop-offices; while the monthly rentals are from RM1,400 to RM1,900 (about RM3.33 psf) for apartment units, RM1,800 to RM4,700 (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 RM571 psf in Q3 2018 (Shop-Office); while the lowest one was RM651 psf in Q4 2011 (Apartment), RM384 psf in Q1 2010 (Office) and RM499 psf in Q1 2019 (Shop-Office).

The current rental yield of Neo Damansara is 5.12% for apartment units, 6.61% for offices and 4.29% for shop-offices. The highest rental yield ever recorded was 5.82% in Q4 2013 (Apartment), 6.61% in Q3 2019 (Office) and 4.29% in Q1 2019 (Shop-Office); while the lowest one was 3.8% in Q2 2016 (Apartment), 4.55% in Q1 2019 (Office) and 3.75% in Q3 2018 (Shop-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 RM790 psf. For price wise, the most expensive one is Studio / 421 sf with a median price of RM790 psf; while the cheapest one is 1-bedroom / 733 sf with a median price of RM710 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

Lastly, the most popular layout and size combination at Neo Damansara for shop-offices is 1,400 sf with a median price of RM550 psf. For price wise, the most expensive one is 1,204 sf with a median price of RM1,080 psf; while the cheapest one is 1,021 sf with a median price of RM460 psf.

Latest Neo Damansara for sale listings:

DateTypeBuilt-upPrice
TodayCondominium933 sfRM354,400
TodayOffice1,560 sfRM550,800
TodayOffice946 sfRM430,000
TodayOffice1,560 sfRM550,800
TodayCondominium933 sfRM354,330
16-Aug-19Studio421 sfRM349,000
13-Aug-19Studio531 sfRM415,000
12-Aug-19Studio421 sfRM340,000
10-Aug-19Office1,560 sfRM612,000
12-Aug-19SOHO933 sfRM393,000

Latest Neo Damansara for rent listings:

DateTypeBuilt-upRental
TodayStudio421 sfRM1,900
03-Aug-19Shop-Office1,780 sfRM3,400
03-Aug-19Office1,120 sfRM1,900
01-Aug-19Condominium421 sfRM1,400
01-Aug-19Condominium421 sfRM1,400
31-Jul-19Condominium550 sfRM1,300
30-Jul-19Studio421 sfRM1,250
30-Jul-19Studio421 sfRM1,350
30-Jul-19Studio421 sfRM1,500
30-Jul-19Studio421 sfRM1,350

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