The Strand, Kota Damansara
The Strand (also known as Encorp Strand) is a leasehold integrated office, residential & retail hub located in Kota Damansara, Petaling Jaya. It comprises Strand Mall and Strand Residences. The built-up available at this project is 640 sf to 1,455 sf for apartment units, 1,560 sf to 6,000 sf for retail units and 5,460 sf to 10,087 sf for shop-offices. It was developed by Encorp Bhd, and was completed around 2012.
Encorp Bhd is a mid-scale property developer listed on Bursa Malaysia, and it has developed about 7 property projects in Malaysia. Other similar projects by the same developer are Akasia, Cahaya Alam, Dahlia, Lotus, Strand Mall and Strand Residences.
This integrated office, residential & retail hub has some amenities nearby, i.e. metro transport stations and universities.
The current market prices for The Strand are from RM480,000 to RM1,150,000 (about RM720 psf) for apartment units, RM3,100,000 to RM4,320,000 (about RM600 psf) for retail units and RM2,950,000 to RM5,800,000 (about RM540 psf) for shop-offices; while the monthly rentals are from RM1,700 to RM2,700 (about RM2.28 psf) for apartment units, RM4,400 to RM7,000 (about RM3.21 psf) for retail units and RM6,800 to RM22,000 (about RM4.12 psf) for shop-offices. The highest median price psf ever recorded was RM843 psf in Q3 2017 (Apartment), RM1,964 psf in Q2 2011 (Retail) and RM593 psf in Q3 2019 (Shop-Office); while the lowest one was RM606 psf in Q1 2014 (Apartment), RM467 psf in Q1 2010 (Retail) and RM510 psf in Q1 2019 (Shop-Office).
The current rental yield of The Strand is 3.9% for apartment units and 3.69% for retail units. The highest rental yield ever recorded was 4.15% in Q2 2019 (Apartment) and 3.69% in Q2 2018 (Retail); while the lowest one was 3.18% in Q3 2017 (Apartment) and 3.28% in Q4 2017 (Retail). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at The Strand for apartment units is 1-bedroom / 803 sf with a median price of RM720 psf. For price wise, the most expensive one is 1-bedroom / 711 sf with a median price of RM890 psf; while the cheapest one is Studio / 790 sf with a median price of RM610 psf.
Meanwhile, the most popular layout and size combination at The Strand for retail units is 5,460 sf with a median price of RM600 psf. For price wise, the most expensive one is 1,560 sf with a median price of RM1,990 psf; while the cheapest one is 5,460 sf with a median price of RM600 psf.
Lastly, the most popular layout and size combination at The Strand for shop-offices is 5,460 sf with a median price of RM540 psf. For price wise, the most expensive one is 6,400 sf with a median price of RM700 psf; while the cheapest one is 10,087 sf with a median price of RM370 psf.
Latest The Strand for sale listings:
Latest The Strand for rent listings:
|11-Oct-19||Room In Apartment||-NA-||RM550|
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