Sold for: RM780,000 (RM890 psf)

Concluded by: Teoh Peng Peng (PEA1696) of Hartamas Real Estate Sdn Bhd (018-206 7122)

When: September 2018

Noteworthy:
● Built-up: 876 sq ft
● 2 bedrooms, 2 bathrooms
● Partially furnished with kitchen cabinets, cooking hood and hob
● Comes with one car park bay
● Walking distance to the Taman Tun Dr Ismail MRT station

Comprising two blocks of serviced apartments, Glomac Damansara Residences is the residential component of the integrated Glomac Damansara development, which comprises shopoffices, officeblocks and the Glo Damansara Mall.

Developed by Glomac Bhd, the Glomac Damansara development sits on a 7-acre freehold site in Taman Tun Dr Ismail (TTDI), Kuala Lumpur.

According to Hartamas Real Estate Sdn Bhd’s Teoh Peng Peng who concluded the deal, the buyer bought the 2-bedroom unit for own occupation from a seller who had been renting out the unit since it was completed four years ago.

“The seller was asking for RM800,000 for this unit and eventually reduced it to RM780,000, which I think is a good buy given the location of this project, the low density environment and the unobstructed view of the Starling Mall area,” she told EdgeProp.my.

“On top of that, the supply of such high-rise residences is quite limited in this area. Except Glomac Damansara Residences, there are only TTDI Ascencia and Desa Kiara Condominium,” Teoh added.

The TTDI MRT Station is located within walking distance from Glomac Damansara Residences and there are plenty of amenities in its surroundings, including office buildings, eateries, Tropicana City Mall, Starling Mall and KPJ Damansara Specialist Hospital.

Glomac Damansara Residences is accessible via major roads such as Jalan Damansara, the Damansara-Puchong Highway (LDP) and the SPRINT Highway.

According to data collated by EdgeProp.my, there were 66 transactions at Glomac Damansara Residences from the fourth quarter of 2013 (4Q2013) to 1Q2018, with average transaction prices ranging from RM706 psf to RM921 psf. The highest average transacted price of RM921 psf was recorded in 1Q2018.

The 69 listings on EdgeProp.my as at Jan 17 showed that the average asking price for units at Glomac Damansara Residences is about RM1.09 million or RM859 psf. The 35 rental listings showed that the asking monthly rent is RM3,704 or RM2.68 psf, with an indicative asking rental yield of 3.56%.

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Editor: To real estate agents — Have you just concluded an interesting deal? We would love to hear from you! Contact us at [email protected]