Posted by psthoo on 04/06/2010 17:19
In my opinion, Puncak Prima condo is strategically located (being next to Plaza Damas, Sri Hartamas Shopping Center & Taylor's College) and is right opposite the new Istana. It may be tad old (> 10 years) but it's definitely well maintained with professional service management and nice landscaping. Generally it has a mature community and good occupancy rate with good number of expats living in. Those units with the waterfall (man-made) and pool view are definitely highly sought after and fetches a premium over the average market price.
Next to Puncak Prima are the service apartments being Windsor, Waldorf, Donchester and Mayfair. They are all newer than Puncak Prima and therefore so are the price per square foot. Besides, they come with commercial titles so the utility costs are higher.
Overall i would say both (service apartments and residential condo) serve their own niche markets. Rental yield would differ, depending on unit size and furnishing. Generally, there is a strong rental market for this area.