A Rare Investment Opportunity in Damansara Heights
Damansara Heights is located west of Kuala Lumpur city, and has long been a coveted residential address for well-heeled homebuyers and property investors. Many celebrities, entrepreneurs, and who’s who in Malaysia, call Damansara Heights home. It has been pointed out that former world No. 1 shuttler, Datuk Wira Lee Chong Wei, lives there.
Savills Malaysia Sdn Bhd group managing director Datuk Paul Khong shared, “Damansara Heights is one of the most affluent and upmarket neighbourhoods in Greater KL. It is a highly liveable locality, and served by several top commercial developments such as Bangsar Village, BSC, Plaza Damansara and various pocket neighbourhood centres, plus the upcoming Pavilion Damansara Heights.”
Propelling Damansara Heights To Greater Heights
New developments such as Pavilion Damansara Heights have revitalised the area, adding to the metropolitan vibe of this locale.
Pavilion Damansara Heights will be home to 1 million sq ft of net lettable space
Along with Grade-A corporate offices, and luxury residences, the much anticipated Pavilion Damansara Heights, will also feature a Pavilion Lifestyle Mall with 1 million sq ft of net lettable space, encompassing a 500m gastronomic gourmet boulevard.
Upscale and top-notch integrated developments by reputable developers seem to hold steady even during uncertainty. As pointed out in The Business Times by Head of research and consultancy at ERA Realty Network, Nicholas Mak, the prices of apartments in integrated developments are usually higher than those of nearby comparable condominiums with the same land tenure and similar age.
“An example would be The Orchard Residences, situated atop the Ion Orchard mall, with 56 storeys housing 175 luxury apartments. As one of the earlier integrated developments, launched in 2007, it was also the only integrated development and the tallest building along Orchard Road. In the 12-month period after the project’s launch, its median transacted price of S$3,064 per sq ft was 25 per cent above the median price of nearby comparable 99-year leasehold condominiums transacted in the primary market,” Mak told the Business Times.
Lifestyle, Bar None
Pavilion Damansara Heights has some amazing facilities including heated lap pool, children’s pool, game room, grill kitchen at the terrace, function room with gourmet kitchen, library, and wellness trail.
Sky gym with stunning views at Pavilion Damansara Heights
There are serene pockets for all within the cocoon of Pavilion Damansara Heights itself. This abundance of conveniences and choices extend to dining in, retail therapy, lush greenery, recreational picks, and plenty more.
It’s worth noting that the one-bedders at Pavilion Damansara Heights have spacious layouts and range from 614 sq ft to 826 sq ft with prices starting from RM1.09 million.
For a quick size comparison, smaller units in other cosmopolitan cities like Singapore have an average size of approximately 500 sq ft.
Sustainable Rental Market
The development ticks all the right boxes, offering an investment opportunity with a stable present outlook and future upside.
Pavilion Damansara Heights’ rental demand is expected to be sustainable, thanks to its location, proximity to KL city centre, potential demand from corporate offices, retail tenants and international schools. Its seamless connection to the Pavilion Damansara Heights MRT station proved to be another crucial factor for buyers and investors.
The other important criteria is the developer’s brand and experience. The proof is indeed in the pudding, as the other malls developed and managed by the Pavilion Group, such as the Pavilion Kuala Lumpur mall has won a total of 47 local and international awards! An award-winning and successful mall easily attracts tenants, and thus, footfall. All these factors lend to a quality tenant pool for the entire development.
Sharing his thoughts on living at Pavilion Damansara Heights with the Robb Report, the founder of Oxwhite shirts, CK Chang shared, “I’m an entrepreneur now. And everything I do is concerned with maximising value for my family and my customers, obviously. My starting point in terms of investing would be to select a great location and developer of good repute.”
We couldn’t agree more!
For more details on Pavilion Damansara Heights, click here.
To view Pavilion Damansara Heights’ latest listings, click here.
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