Cascades, Kota Damansara
Cascades (also known as The Cascades) is a leasehold integrated office, residential & retail hub located in Kota Damansara, Petaling Jaya. It comprises Cascades Residency and Menara Mitraland. The built-up available at this project is 561 sf to 1,043 sf for apartment units, 5,530 sf for retail units and 708 sf to 9,891 sf for offices. It was developed by Mitraland Group Sdn Bhd, and was completed around Early 2014.
Mitraland Group Sdn Bhd is a mid-scale property development company held privately, and it has developed about 17 property projects in Malaysia. Other similar projects by the same developer are 16 Quartz, C180, Cascades Residency, Kiara 1888, Livia Residences, Menara Mitraland, Sejati Hill Villa, Symphony Tower, The Oasis and Vina Versatile Homes.
This integrated office, residential & retail hub has some amenities nearby, i.e. metro transport stations and universities.
The current market prices for Cascades are from RM410,000 to RM630,000 (about RM730 psf) for apartment units, RM4,420,000 (about RM800 psf) for retail units and RM490,000 to RM6,330,000 (about RM680 psf) for offices; while the monthly rentals are from RM1,800 to RM3,000 (about RM3.12 psf) for apartment units, RM4,400 to RM8,000 (about RM3.38 psf) for retail units and RM3,000 to RM4,300 (about RM2.96 psf) for offices. The highest median price psf ever recorded was RM944 psf in Q4 2015 (Apartment), RM1,058 psf in Q4 2017 (Retail) and RM787 psf in Q1 2017 (Office); while the lowest one was RM613 psf in Q2 2011 (Apartment), RM784 psf in Q1 2012 (Retail) and RM636 psf in Q4 2018 (Office).
The current rental yield of Cascades is 5.4% for apartment units and 6.18% for offices. The highest rental yield ever recorded was 5.4% in Q3 2019 (Apartment) and 6.18% in Q3 2019 (Office); while the lowest one was 3.73% in Q4 2016 (Apartment) and 3.24% in Q1 2016 (Office). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Cascades for apartment units is 1-bedroom / 561 sf with a median price of RM730 psf. For price wise, the most expensive one is 1-bedroom / 561 sf with a median price of RM730 psf; while the cheapest one is 2-bedroom / 1,008 sf with a median price of RM600 psf.
Meanwhile, the most popular layout and size combination at Cascades for retail units is 5,530 sf with a median price of RM800 psf. For price wise, the most expensive one is 5,530 sf with a median price of RM800 psf; while the cheapest one is 5,530 sf with a median price of RM800 psf.
Lastly, the most popular layout and size combination at Cascades for offices is 1,230 sf with a median price of RM680 psf. For price wise, the most expensive one is 1,527 sf with a median price of RM830 psf; while the cheapest one is 9,891 sf with a median price of RM640 psf.
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