Merchant Square is a 5-storey shop-office located in Tropicana. It can be spotted right from Damansara NKVE exit and is surrounded by established neighborhoods such as Bandar Utama, Damansara Utama and Damansara Jaya.Merchant Square consists of two 5-storey blocks. It comprises 32 shop-office units with 26' x 80' built-up size, and high ceilings of 12½’ for the shop and 11½’ for the office. Besides that, it features wide corridors in the front and back. Each lift serves 2 units per floor, while the corner and end units are served by private lift. Merchant Square is famous for being the headquarter of Parti KeADILan Rakyat (PKR). Besides that, there is also a police station as well as a few restaurants and bar located here. Other tenants include HT Alliance Sdn Bhd, Kaspersky Support Center, JA Valley Properties (PJ), The Sampuoton Fish Spa, Pen Drive and Gloco Honldings Sdn Bhd. In terms of accessibility, Merchant Square can be easily accessed from North-Klang Valley Expressway (NKVE). Besides that, it is served by Sprint Highway and Damansara-Puchong Highway (LDP). It is just about 5 minutes driving from Damansara Utama and Damansara Jaya, 7 minutes from Bandar Utama and 15 minutes from Damansara Heights.
Property Details
Name: Merchant Square Address: No 1, Jalan Tropicana Selatan, PJU 3, 47410 Petaling Jaya Developer: Dijaya Completion Date: End 2007 Type: Shop-Office Tenure: Leasehold No. of Blocks: 2 No. of Storey: 5 No. of Units: 21 Land Area: about 2 acres Built-up: 26' x 80' Subsale Price: RM370 – RM400 psf Rental: Facilities
Parking (not covered) 24-hour securityAnalysis
There are plenty of commercial centres within the enclave, namely Aman Suria, SunwayMas Commercial Centre, Prima Avenue, and Dataran Prima. Besides that, there is also a new commercial developments located at the junction between BU11 and BU12. Hence, commercial market is pretty stiff around here. Comparing Merchant Square and the others, Merchant Square can be easily reachable via vast array of highways, while the others are surrounded by residential – which one has to pass few neighborhoods before reaching it. However, Merchant Square is neighboring low and medium cost residential that make it lacking of exclusivity appeal.The rental rates at Merchant Square have been stagnant for around RM2.40 psf since its completion in the end of 2007. The demand here is very low. Previously in 2008, there was a 99 Speedmart minimarket opened at a corner lot, but it is closed within just few months because of bad business. However, restaurants and cafes seem to do quite well here.
Links
http://www.dijaya.com.my/project/completed/tropicana/merchant_sq/intro.html
