One Damansara

One Damansara is a newly-launched condominium project sited in Damansara Damai. The project, which was launched on January 2009, is to be developed by Medan Prestasi, a subsidiary of MK Land Holdings and has a gross development value (GDV) of RM220 million. One Damansara comprises 899 condominium units spreading over 2 20-storey blocks on 8.76 acres of leasehold land. Block A consists of 524 units, while Block B consists of 375 units. It features a 2-acre tropical garden with gazebo together with full condominium facilities. Units available start from 1,396 to 2,525 sf. It is tagged from RM233,200 to RM483,400. Early birds received 2 car park bays instead of 1 car park for normal buyers. Sited within fast developing vicinity, this enclave enjoys numerous amenities. One Damansara is just located right next to SK Damansara Damai, SMK Damansara Damai 1 and Balai Gemilang. Adding to that, it is near to Damansara Damai’s commercial area – with several groceries, mamaks, restaurants et cetera. Shopping malls nearby are The Curve, IKEA and Tesco Damansara to name a few.In terms of accessibility, One Damansara can be accessed via Persiaran Meranti and Jalan Kuala Selangor. Besides that, it is near to New Klang Valley Expressway (NKVE), Damansara-Puchong Highway (LDP), Sprint Expressway and Middle Ring Road 2 (MRR2).

Property Details

Name: One Damansara

Address: Jalan PJU 10/1, Damansara Damai, 47830 Petaling Jaya, Selangor

Developer: Medan Prestasi (subsidiary of MK Land Holdings)

Completion Date: 2013 (estimate)

Type: Condominium

Tenure: Leasehold

No. of Storey: 20

No. of Units: 899

No. of Bedrooms: 3 - 4

No. of Bathrooms: 2

Built-up

Intermediate: 986 & 1,550 sf

Corner: 1,392, 2,035 & 2,525 sf

Launch Price: RM233,200 - RM483,400

Facilities

24-hour security

Swimming pool

Gymnasium

2-acre tropical garden with gazebo

Car parks

Analysis

It is doubtful that this development of One Damansara will make it through. Most potential buyers claim that the price offered is quite on the high side, due to its location and high density factors. After a year, MK Land claimed that it was just 60% sold.