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Metropolitan Square, Damansara Perdana

Metropolitan Square (also known as Metropolitan SQ) is a mixed-development project which comprises of condominiums and commercial shops nestled in Damansara Perdana. It is another piece of Damansara Perdana township development by MK Land Holdings.

Metropolitan Square offers a bundle of facilities to the residents for their enjoyment. It has 6 pools in total; 2 infinity pools, 2 lap pools and 2 children pool. Also offered are two badminton courts and two playgrounds with reflexology path in their garden. For those who want to enjoy barbecue sessions with their family and friends, they can make use of the barbecue area rented out by the management.

Residing in Metropolitan Square, residents are catered with plenty of amenities within short distance. The building itself also houses CitiBank and Scotia Bank. Just few meters away, one can walk to Damansara Perdana commercial centre which offers numerous of cafes, restaurants, boutiques and convenient stores. It is within walking distance to Mutiara Damansara shopping hub. The hub houses The Curve, e-Curve, Tesco Damansara, IKEA and Courts Mammoth.

Besides that, there are also few new commercial developments planned including kid’s fun and education centre, Kidzania. Just across the street, there is Neo Damansara. There is also PJ Trade Centre which is going to be completed in 2010. From Metropolitan Square, residents are able to access few highways within short driving distance such as Penchala Link Highway that directs to Mont Kiara, Sri Hartamas and Federal Highway; Damansara-Puchong Highway (LDP) that directs to Kepong, Sunway, Subang and Puchong; SPRINT Highway that directs to Damansara Heigths and Bangsar; and Middle Ring Road 2 (MRR2) that directs to Ampang, Cheras and Melawati.

Property Details

  • Name: Metropolitan Square (also known as Metropolitan SQ)
  • Address: Jalan PJU 8/1, PJU 8, Damansara Perdana, 47820 Petaling Jaya, Selangor
  • Developer: Saujana Triangle (MK Land Holdings)
  • Completion Date
    • Phase 1: January 2007
    • Last Phase: July 2013 (estimate)
  • Type: Condominium, Shop-Office
  • Tenure: Leasehold
  • No. of Blocks
    • Condominium: 6
    • Office: 1
  • No. of Units
    • Condominium
      • Block A: 300
      • Block B: 186
      • Block C: 258
      • Block D: 537
      • Block E: 252
      • Block F: 396
    • Shop: 12
    • Office: 88
  • Built-up
    • Condominium: 450 – 1,462 sf
    • Shop: 588 – 1,267 sf
    • Office: 525 – 1,276 sf
  • Land Area: 3 acres
  • Maintenance Fee: RM0.27 psf
  • Launch Price
    • Condominium: From RM199,204
    • Shop: From RM703,300
  • Subsale Price: RM278,888 - RM1,050,000
  • Rental: RM1,100 - RM4,200

Facilities

  • Swimming pool
  • Clubhouse
  • Sauna
  • Steam room
  • Gymnasium
  • Tennis court
  • Nature trail
  • 24-hour security with card access

Market Trends

Analysis

MK Land is an average developer in the country. The company is an extension from the EMKAY Group, both leaded by YB Tan Sri Datuk Haji Mustapha Kamal. MK Land kick-started its property development portfolio by three projects from EMKAY, namely Damansara Damai, Taman Bunga Raya and Bukit Merah Laketown Resort. Besides Metropolitan Square, other recent developments by the company are Ritze Perdana 2, Armanee Terrace II and The Rafflesia.

Outwardly, the Metropolitan Square displays a modern fa├žade in their building. However, looks can be deceiving. There have been complaints about the finishing and design of the apartments. The kitchen is considered to be small, resulting in most of the residents having to renovate and extend it into the foyer area that was meant for laundry. The balcony is estimated to be 2-foot wide, making it an almost impossible feat for smoking guests who want to enjoy their cigarettes in groups. The wall between the kitchen and dining area have been knocked out in several apartments as the residents feel constrained and it took up more space.

Traffic right in front Metropolitan Square is busy as it is the main road in Damansara Perdana. Investment wise, the price seems to appreciate slowly in the beginning and starts to pick up since the beginning of 2010. Recently, it was reported in The Edge that the prices at Metropolitan Square has risen to 38% between 2007 and 2011 and by 36% from 2011 to end-2012. The reason for that growth is because of its high rental yield and facilities. Metropolitan Square is an ideal property investment and owners are counting on PJ Trade Centre development to bring in more tenants and increase demand. Moreover, the DASH Highway construction is also in the talks when discussing the pros and cons of buying the property.

Find Me Good Deal @ Metropolitan Square