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Dataran Prima Condominium, Kelana Jaya

Dataran Prima Condominium is a high-rise condominium located in Dataran Prima, Petaling Jaya, which is just next to Tropicana. It is located amidst the bustling commercial centres of Aman Suria, Dataran Prima, and SunwayMas Commercial Centre.

Dataran Prima Condominium consists of two phases of 4 blocks of 22- and 24-storey towers that house a total of 375 units with 8 units per level. Units built are ranging from 1,037 sf to 3,160 for Phase 1 and 1,485 sf to 2,396 sf for Phase 2. It is another development by Mutiara Goodyear Development in the vicinity after their Dataran Prima shop-office development.

Nestled in a reviving enclave with aplenty shops and offices surrounding it, residents of Dataran Prima Condominium are well-served by numerous amenities. Just within few minutes by foot, there are several eateries such as Restoran Nasi Kandar Sedap and Restoran Original Kayu.

Besides that, there are also 7-Eleven, Guardian pharmacy and Watson personalised store located just mere meters away from the condominium. Moreover, several shopping centres can be reached within 10 minutes of driving, such as 1 Utama, Tropicana City Mall and Giant Kelana Mall.

In terms of accessibility, Dataran Prima Condominium is accessible from Damansara-Puchong Expressway (LDP), North-Klang Valley Expressway (NKVE) and Persiaran Tropicana. For public transport, it is just about 5 minutes drive to Kelana Jaya RapidKL LRT station.

Property Details

  • Name: Dataran Prima Condominium
  • Address: Jalan PJU 1/41, Dataran Prima, 47301 Petaling Jaya
  • Developer: Pembangunan Bandar Mutiara (a subsidiary of Mutiara Goodyear Development)
  • Completion Date: 2005
  • Type: Condominium
  • Tenure: Freehold
  • No. of Blocks: 4
  • No. of Storey: 22 & 24
  • No. of Units: 375
  • Built-up
    • Phase 1: 1,037 sf – 3,160 sf
    • Phase 2: 1,485 sf – 2,396 sf
  • Subsale Price: RM510,000 - RM1,550,000
  • Rental: RM1,600 - RM3,500

Facilities

  • 24-hour security
  • Swimming pool
  • Tennis court
  • Child playground
  • Mini market
  • Surau
  • Covered parking – 2 car parks for each unit

Market Trends

Analysis

Noise pollution is one of Dataran Prima Condominum drawbacks. The problem is contributed by the active commercial activities around the condominium as well as heavy traffic along NKVE which is right opposite it. Besides pollution, one will also notice that the area is quite hotter than other areas.

For investment, Dataran Prima Condominium is proven to deliver great rental yield as the rental has appreciated nicely at about 10% to 16% per annum from 2005 to 2007. However, rental rates seem to be stagnant at about RM1.00 psf since 2007 onwards. Hence, rental yield for this condominium is not as appealing as before anymore.

In terms of capital appreciation, the price has declined at around 1.7% per annum within the same period, ending at about RM188 psf in 2007. However, the price had sky-rocketed and nowadays, the units are tagged at about RM270 psf onwards.

Links

http://www.mutiaragoodyear.com/development_dpc.html

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