Armanee Condominium, Damansara Damai Insights

Developer	:MK Land Holdings Bhd
Architect	:
Main Contractor	:
Land Size (sqm)	:
GFA (sqm)	:
Plot Ratio (Incl. Bonus)	:
Project Name	:Armanee Condominium
Street Name	:Jalan PJU 10/1C, 47830, Selangor
Postal Code	:47830
Property Type	:Condominium/Apartment
Tenure	:
District/Planning Area	:Damansara Damai
Completion	:N/A
Number of Landed Units	:733 units
Number of Non Landed Units	:0 units
Sold Price Range/Average*	:RM 276 psf - RM 334 psf / RM 307 psf
Leased Rental Range/Average**	:
Implied rental yield**	:5.41%
Historical High	:RM 435 psf in Dec 2016 for a 3,218-sqft unit
Indicative Average Price from Historical High	:%
Historical Low	:RM 15 psf in Jul 2023 for a 1,645-sqft unit
Buyer Profile by Residential Status	:
Buyer Profile by Purchaser Address	:

*Based on transactions in the last 48 months.

**Based on asking rental data in the last 12 months. May not be representative.

About This Project

If you are looking for a double-storey abode within a condominium setting, you can consider Armanee Condominium. The duplex condominium by MK Land Bhd features an array of modern faciities within a four-acre Balinese-style courtyard, which makes it a cosy sanctuary for family living. They spacious layout includes a family room, living room, dining room, wet and dry kitchen, drying yard and balcony. **##Location##** Though bearing the Damansara name, the area is actually nearer to Sungai Buloh. However, improved infrastructure has ensured it is well-connected to Petaling Jaya and Kuala Lumpur via the the Damansara-Puchong Expressway (LDP) and North Klang Valley Expressway (NKVE). This eases access to the vibrant hubs around Ikea, Ikano Power Centre, The Curve, Tesco, 1 Utama, as well as Sunway Giza. Alternatively, public transportation is within minutes’ drive to KTM Sungai Buloh, Rapid KL Bus Depot, KTM Kepong and KTM Taman Kepong. The nearest places for daily needs are five minutes away at Jaya Grocer and Tok Yem Mall, plus several conveninece stores. Not much further are wide-ranging options for shopping and conveniences. There is no lack of educational institutions from kindergarten level to university. An added attraction is the nearby 48-acre Urban Park for healthy activities. **##Analysis##** Despite some glitches encountered with the developer in the beginning, it has turned out to be a well-maintained residential enclave under the efficient management team, boasting its own residents’ online portal. The demographics consist of almost an equal proportion of Chinese and Malay, a small percentage of Indian and about 2% of foreigners. It is a close-knit community of families. Such a setting is very suitable for growing families, especially for those who prefer a quieter neighbourhood away from the din and drone of a bustling hub. With sub-sale prices hovering between RM300 psf to RM435 psf (2015-2016), they are rather attractive options as family homes. However, if you are looking towards investing for recurring rental, this may not be the best option.

Sales Transaction of Armanee Condominium

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