Dua Residency (also known as Dua Residence) is a luxury condominium developed by E&O Property Development. The completion of Dua Residency in 2007 was another mark of E&O Property Development’s success for its luxury concept of home and living.
Previously, E&O stunned us all with its world-class villas by the sea Seri Tanjung Pinang in Penang Island and also the tropical Seventy Damansara homes in Damansara Heights, and now another high-end Dua Residency in KLCC. Overall, the developer has done a great job in all their projects with good maintenance and also quality materials used for construction.
Dua Residency is easily accessible via Jalan Tun Razak, Jalan Ampang, and SMART Tunnel. The condominium is only 10 minutes away by car to Suria KLCC, the nearest shopping center. Furthermore, it surprisingly has a nursery in it, which will be good for parents who will need babysitters while they are at work.
Restaurants and shopping malls are easily reachable despite being located in a more quiet part of KLCC. However, looking for a government school in KLCC would be difficult as most of the schools are international schools. You will be looking at around 20 minutes or more to reach the nearest government school. International schools located nearby are Fairview International School and Sayfol International School. There are also colleges and universities around the area such as The University of Kuala Lumpur and The University of Nottingham Malaysia Campus.
In terms of space, Dua Residency has it because of the two parking bays offered for each unit purchased. What really made Dua Residency popular among investors could be the trust towards the developer, due to previous successful developments. The luxury and contemporary interior design of the units has attracted many buyers/investors.
Dua Residency is also wider and more spacious compared to other condominiums in KLCC. It is located in an area where there are less commercial activities going on. It is located just beside the Singaporean Embassy, which will not affect the value of the property, but of course it really depends on the buyer’s liking.
In terms of location, it would be a little difficult to drive in and out of Dua Residency because of the heavy traffic jam in the area. However, traffic jam will only appear during peak hours, such as after office hours. Alternatively, you could use the back entrance to avoid traffic jam, which not many people realized about this. This condominium is easier to access as the entrance is just off the main road.
The price for a unit at Dua Residency is quite reasonable, considering that it is in KLCC. The current asking price is about RM800 to RM900 psf. The initial launch price of Dua Residency was about RM520 psf, hence a unit at Dua Residency is still at a reasonable price for a KLCC property. The condominium would also be good for investing purposes as it is located in a more quiet part of KLCC.
There are some developments still under construction located north-west and south-west of Dua Residency. These two construction sites could cause some noise disturbance. Depending on your tolerance, it is encouraged that one personally visits the site before looking to stay here.
Platinum Park, located near to Dua Residency, is one of the developments currently under construction in the area. Upon completion, this integrated development will bring more value to the neighborhood. The entire development of this “Ultimate Address”, will comprise of office towers, shopping malls, and luxury condominiums. It has a gross development value (GDV) of RM3.5 billion in total.
Some people suggested that Dua Residency looks like two blocks of hospitals, because of its well defined blockish shape on the exterior. The windows at Dua Residency contribute to its medical look but of course the interior will be another story. However to the trendy, this architecture design by SCDA Architects Pte Ltd is very famous in Europe. Besides Dua Residency, the architect also designed One KL and The Katana Residences.
However, if the outlook of the building doesn’t bother you, then you should really consider this property, because the interior is rather interesting. The materials used for construction of this building are quite good, so there will not be much problem regarding maintenance issues. Not only that, the best part of this condo is, its beautiful and gigantic size 1-acre swimming pool.
Dua Residency is seen as a more appropriate property for investment. Overall about 30% of the units have been purchased by foreigners. This is probably because of the successful development in Penang Island, which has brought attention to foreign investors.
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