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Diamond Square, Setapak

Diamond Square is a commercial centre of shop-offices located just off Jalan Gombak, in the township of Setapak. The area is located in between Jalan Genting Klang and Jalan Gombak which connects to the DUKE highway in just minutes.

Right next to Diamond Square, are Diamond Regency and Diamond Residences. Residential communities like Taman Desa Gombak and Taman P Ramlee surround this business square. Setapak is a major suburb in Kuala Lumpur and a growing community just 6 km away from the KL city center.

Diamond Square, a freehold property by Medan Ehsan, was built in 2 phases. Phase 1 consists of 650 units stretched over 6 blocks while phase 2 consists of 158 units in one block; all completed in 1998. There are individual lifts to service the shop-offices which are about 1,500 sf per floor. The shop-offices are 7-storey tall and have basement parking.

Property Details

  • Name: Diamond Square
  • Address: Off Jalan Gombak, Setapak, 53300 Kuala Lumpur
  • Developer: Medan Ehsan
  • Managed By: DSQ Property Management
  • Completion Date: 1998
  • Tenure: Freehold
  • Type: Shop-Office
  • No. of Units
    • Phase 1 – 650 units
    • Phase 2- 158 units
  • No. of Storey: 7
  • No. of Blocks
    • Phase 1: 7
    • Phase 2: 1
  • Land Area: 20′ × 75′
  • Maintenance Fee
    • Phase 1: RM0.10 psf
    • Phase 2: RM0.15 (sinking fund RM0.03 psf)
  • Subsale Price: RM140,000 - RM510,000
  • Rental: RM700 - RM2,400

Analysis

Diamond Square is a hive of activity as the area provides plenty of amenities to the residents in the nearby condominiums. Banks, F&B outlets, telco companies, and much more service this highly dense community. Parking around the shops can be difficult, as during peak hours, cars may triple-park in certain areas. But this proves that the area is booming for businesses and new clientele will be added with the development of the new up-market 222 Residency further down the road.

Rental at Diamond Square is very affordable at roughly RM1.00 psf for a basic office unit. Maintenance and sinking fund fees vary depending on which phase. Phase 2, the last block that was completed with just 158 units, has a slighter higher fee.

With a neighboring township like Sentul being upgraded towards a more upmarket community, Setapak is a close by alternative in terms of property choice. It is affordable and services a wide community. The easy access via the Duta-Ulu Kelang Express (DUKE), Sentul Link, MRR2 and other major roads makes this commercial square easy to get to, whether one is working or living there.

Find Me Good Deal @ Diamond Square