Armanee Terrace II

Armanee Terrace II (Armanee Terrace 2) is the most expensive condominium in Damansara Perdana enclave. This double-storey Duplex condo is the successor to Armanee Terrace I. It is another project by MK Land, which was targeted to the higher-end market. Every units in Armanee Terrace II is a Duplex (2-storey), which comes with a very big terrace. About 20% of the terrace is tiled, while the rest is some 20-25 cm thick soil to give each residents their very own garden. This is what the developer meant with their marketing statement for this condominium "Your Garden in The Sky".Coming with a Balinese concept, the Balinese ambiance is very obvious especially around the swimming pool area which is decorated with wooden furniture and surrounded by plenty of trees. The lobby area, still with Balinese feel, is very grand with beautiful glasses and floor tiles.Located towards the end of Jalan PJU 8/1, next to a hill and surrounded by a lot of trees, residents of Armanee Terrace II always get to enjoy a clean and refreshing air. Being only about 2 km away from famous shopping complexes such as IKEA, Tesco, The Curve and 1-Utama, many people will find this place very convenient to stay.

Property Details

Name: Armanee Terrace II

Address: Jalan PJU 8/1, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor

Developer: MK Land

Completion Date: 2010 (estimate)

Type: Condominium

Tenure: Leasehold

No. of Blocks: 1

No. of Units: 518

Built-up: 2,641 - 9,779 sf

Launch Price: RM380 - RM480 psf

Subsale Price:

Rental:

Layouts

Type A (2,641 sf)

Type B1 (2,976 sf)

Type C (3,209 sf)

Type D (9,779 sf)

Type E1 (2,758 sf)

Type F1 (3,126 sf)

Type G1 (3,126 sf)

Facilities

Swimming pool

Wading pool

Gymnasium

Squash court

Tennis court

Badminton court

IT room

Games room

Surau

Children's playground

Spa & sauna

Reading room

Meeting room

Barbeque gazebo

Common car wash bays

Jogging track

Pebble walk

Market Trends

Analysis

Following the success of Armanee Terrace I, the developer built Armanee Terrace II under the same concept but sold at a much higher rate. The reason was all the total 518 units come in bigger measurements and much better construction method, especially for the terraces. Unfortunately, many people did not have good responses with the development of Armanee Terrace II. Even with much bigger units and enhanced features, the selling prices are still considered unreasonably high for condominiums located in Damansara Perdana area. Furthermore, Armanee Terrace II does not come with club facilities of its own (except for swimming pool) and the residents are expected to share facilities with Armanee Terrace I, which are located quite a distant walk away.There is also some reports recently that the project Armanee Terrace II seems to have been abandoned. This might be due to the poor sales response and the recent construction inactivity at the site.With just a little more money, people can actually get condominiums with similar facilities in much better areas, such as Mont Kiara and Bangsar. As for renting, after such renovation works, owners would need to rent out their units at RM7,000 to RM8,000 per month. It is definitely not easy to find tenants who would be willing to pay so much for a rent, not in Damansara Perdana.