Ken Damansara I

Ken Damansara I (also known as Ken Damansara 1) is a high density freehold condominium located in Damansara Intan, SS2. It is strategically located within walking distance to Tropicana City and Damansara Intan Business Park, as well as neighboring Taman Tun Dr Ismail, Damansara Utama, and Damansara Jaya.Ken Damansara I is the maiden project for Ken Holdings. The project was launched back then in 2000, and delivered to owners 10 months ahead of schedule. It features access card security system that requires residents to swipe their residence card to access the compound and lift. Each unit comes with a covered car park. Amenities are just within walking distance from Ken Damansara I. Within 5 minutes of walking, you can fulfill your taste bud with numerous posh restaurants and cafes located in Damansara Intan Business Park and Tropicana City Mall. Besides that, one can also take a short drive to Damansara Uptown, TTDI or SS2 commercial centre, which house rows of restaurants, food courts, and banks. For whopping shopping spree, one can take a short drive to 1 Utama Shopping Centre. Not only that, The Curve, Cineleisure Damansara, Giant Kelana Jaya and even Mid Valley is just located within 10 minutes from the condominium.Accessibility is one of Ken Damansara I's main attractions as you can choose to utilize Sprint Highway, NKVE, LDP or Penchala Link to reach your destination. All these prime highways are just within minutes from Ken Damansara I. You can reach Damansara Heights, Bandar Utama and Kelana Jaya within 5 minutes; Kuala Lumpur city centre within 25 minutes; Subang within 10 minutes; and Subang Airport within 15 minutes.

Property Details

Name: Ken Damansara I (also known as Ken Damansara 1)

Address: Jalan SS 2/72, 47400 Petaling Jaya, Selangor

Developer: Ken Holdings

Type: Condominium

Tenure: Freehold

No. of Blocks: 2

No. of Units: 339

Built-up: 1,002 – 1,239 sf

Launch Price: RM196 psf

Subsale Price:

Rental:

Layouts

Type A: 1,239 sf (2+1 bedrooms & 2 bathrooms)

Type B1: 1,002 sf (2 bedrooms & 2 bathrooms)

Type B2: 1,002 sf (2 bedrooms & 2 bathrooms)

Type B3: 1,062 sf (2+1 bedrooms & 2 bathrooms)

Facilities

24-hours security with 3 point security access

Swimming pool

Squash court

Gymnasium

Children play area

Jogging track

Hairdresser

Convenience store

Launderette

Covered car park

Market Trends

Analysis

Ken Holdings had been established since 1980s, which was then known as Ken Grouting Sdn Bhd. It started becoming a property developer since 1996 and in 2000, it launch the first phase of Ken Damansara I development. In January 2003, the company was promoted to the Main Board of Bursa Malaysia from the second board. Its other property developments include Ken Bangsar, Ken Aman Terrace, and Ken Ocean Villas in Batu Ferringghi.Ken Damansara I is managed by Jewel Estate, which delivers pretty good maintenance works at the condo. In its website, it claims that the company is being made the role model by Lembaga Perumahan and Hartanah Selangor for other developers in Selangor as well as other states. Its collection of the maintenance and sinking fund is one of the highest in the country with 99.7% collection.Even though Ken Damansara I is strategically located with close proximity to major prime commercial areas, but its only entry and exit point is via the off ramp that links Sprint highway to Lebuhraya Damansara Puchong (LDP). Therefore if you are coming from Damansara Utama, you have to make a U-turn at Section 17 exit, while if you heading to the Damansara Heights, you have to first make a U-turn at SS2 exit. Traffic around the area is quite busy as well and get worse during peak hours. With massive development of Tropicana City, things would definitely get worse in near future. Even with the new road link development towards the condominium, it doesn't seem to ease the road congestion. Ken Damansara I is among the favorite pads for college students who study within the area, such as KDU College which is just within 10 minutes walking distance across Lebuhraya Damansara Puchong. Some claimed that some greedy owners built partitions and transformed the 2+1 bedrooms unit into 5-bedroom and rent those rooms to these students from RM300 each. Besides students, Ken Damansara I is also popular for young executives and newlyweds. In terms of capital appreciation, Ken Damansara I appreciated at about 4.89% per annum from 2003 to 2006, where the subsale price and rental are about RM246 and RM1.24 psf respectively. However, the trend does not continue to rise significantly afterwards as it is now being traded at around RM260 psf. Comparing Ken Damansara I with its closest competitors, Casa Damansara 1 and 2, the former performed better than both, as Casa Damansara 1 appreciated at about 2.03% and Casa Damansara 2 0.93% within the same period.Ken Damansara I is not without faults. There have been complaints regarding the quality of the workmanship. It is opined to not be very good as cracks can be seen on the external wall of Block B. The sound insulation of the units are also allegedly quite bad as the walls are believed to be hollow and one can hear the noise in the living room from another room clearly.