PROPERTY SNAPSHOT 3: What are the prices of developments in Damansara / Bandar Utama?

• We continue our focus on Damansara /Bandar Utama by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by theedgeproperty.com, the combined average price of non-landed property in the area was RM493 psf in 3Q2014, down 6.6% y-o-y.
   
• An analysis of transactions by price range reveals the diversity of products offered. In the 12 months to 3Q2014, some 26.2% of secondary market transactions were in the RM401-RM600 psf range, 25.3% in the RM601-RM800 psf range and another 24.1% in the RM201-RM400 psf range. Some 3.2% of transactions were for units sold above RM1,000 psf.
   
• The most expensive address by far was Empire Damansara at Damansara Perdana, at an average transacted price of RM863 psf. Empire Damansara is a major mixed-use development comprising residential, office and hotel components. Units here consist primarily of studio or 1-bedroom units. Of the next-most expensive developments, Neo Damaransara (RM807 psf), Ritze Perdana 2 (RM719 psf) and Ritze Perdana 1 (RM639 psf) are also located in Damansara Perdana. Similarly, transactions here were primarily for the studio or 1-bedroom units.
   
• On a price psf basis, Armanee Terrace (RM388 psf) in Damansara Perdana appears a bargain. However, the unit sizes here are large at 2,300 to 2,700 sq ft, with an average unit price of RM923,000.
   
• The least expensive units are medium-cost apartments such as Flora Damansara (RM212 psf) and Desa Mutiara Apartment (RM253 psf).

Related stories:
PROPERTY SNAPSHOT 1: The ever-accelerating Bandar Utama / Damansara 'hood
PROPERTY SNAPSHOT 2: What’s affordable in Damansara / Bandar Utama?

How much of a bargain is a unit at Armanee Terrace? Tap here for The Edge Reference price to guide your decision-making.

The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.