Expensive address on Damansara Heights benefits GuocoLand DC Residency

With the spring-ups of high-end development of residential and Commercial in Damansara Town Centre or Pusat Bandar Damansara (PBD) and the pass through of the PBD mass rapid transit or MRT Line built at the Jalan Damansara-Jalan Johar-Jalan Bangsar intersection, Damansara Heights where DC Residency by Guocoland Malaysia makes an address on is drawing strong interests from developers and investors.

With the contemporary shiftment in concept that is driven to get office spaces built in lush and tranquil neighborhoods, Damansara Heights evokes ideal choices for moving office from city to urban, and the Hong Leong Group Malaysia shift is an prime example.

As a source said GuocoLand’s DC Residency will benefit from it, its 33-storey Office Tower A will welcome the arrival of this prominent company.

And could it has been that the potential re-location of the headquarters of Hong Leong Bank on 808,000 sq ft site of Damansara Heights makes the land price of the Area soar and creates an unwanted influence on the valuation for DC Residency by Guocoland Malaysia as a source said?

The answer makes relief amongst homebuyers that only investment assets coming with two office blocks, a retail mall and an elevated car park, but not its two residential blocks, contributes to the valuation, not linking to land price.

The shot-up in GuocoLand’s profit will be connected with the land purchase by Lim of Malton at a whopping RM1,628 per sq ft. However, there is no benchmark price set here.

Damansara City is the flagship development of Guocoland (M) Bhd and identified under the Economic Transformation Programme in early 2011. A half of furnished luxury apartments in Tower A of this Condo has been taken up. The average of transacted Price ranges from RM1.3 million to RM1,500 psf.

With the expensive location on Damansara Heights with the accessibility and connectivity in mind to major highways and upcoming completed MRT line, the presence of Hong Leong Group's corporate headquarters in Tower A, and MSC-status development that is compliant with the Green Building Index rating, said the Leadership in Energy and Environmental Design Gold rating and CONQUAS Quality Assessment for building construction works, DC Residency will feature an attractive choice for any home-staying or capital investment.

For further information or VVIP discount and priority unit selection of DC Residency by GuocoLand Malaysia, please contact us by dialing DEVELOPER SALES HOTLINE (65) 9698 7878 or fill in the form on the right side. We will get back as soon as possible.

Why Invest In Kuala Lumpur, The Capital City Of Malaysia Now, Not Other Cities?

DC Residency Kuala Lumpur is strategically located in the heart of Damansara Heights Kular Lumpur, the impeccable service and luxury lifestyle at DC Residency will be complemented by the added convenience of the Mass Rapid Transit (MRT) station at its doorstep.

DC residency

Unsure where to invest in Malaysia, yet wanting to invest in this current still low property prices amongst the Asean region? Many foreigners are very unsure where will be their first spot to invest when they decided to wanting to put their dollars in Malaysia real estate. Like all smart investors, all foreigners will want to place their money in the safest place to minimize risk!

location view

15 fabulous reasons why you should choose Kuala Lumpur city as your choice for property investment destination now, not Penang and Johor!! Invest in KLCC Properties now while the prices are still within reach!! Kuala Lumpur is the eye of Malaysia, a capital city where all major things and events will take place here!

  • 1. Kuala Lumpur – is the gateway city where International companies and foreign bankers headquarters will chose as first choice for their presence in Malaysia.
  • 2. Kuala Lumpur – the structured and matured city in Malaysia housed the most entrepreneurs and expatriates to set up their offices and residences due to best school universities, hospitals and all sports activities is ready available.
  • 3. Aggressive transformation Kuala Lumpur city into Greater KL – to increase current population of 6 million to 10 million is bearing fruits – more people more demand for property.
  • 4. Aggressive transformation to increase it income per capital from current USD 6,700 to USD 15,000 – more transactions will be expected with higher disposable income, it all begin with capital city of Kuala Lumpur!
  • 5. Aggressive transformation making Kuala Lumpur – one of the 20 most liveable cities in the world. Currently, Kuala Lumpur is amongst the top 10th best city to stay in Asia.
  • 6. Malaysia’s 5 new Mass Rail Transit (MRT) lines is now under way to make Kuala Lumpur a well-connected city, both 1st and 2nd lines are in progress construction already.
  • 7. High Speed Train ready by 2018 which connect Kuala Lumpur to Singapore in just 90 minutes, will boost the financial and economic activities of both big cities! Kuala Lumpur- infrastructural of connectivity of highway, airports, seaports and Light Rail Transit system is better organized than other cities.
  • 8. Big name hotels will soon make their presence in KLCC area such as Harrods of London, Four Seasons, W Hotel, Banyan Tree Signatures, St Regis Kuala Lumpur, Ibis Hotel Chains. The recent one which has opened its door for business is Grand Hyatt Hotel, situated just next to KLCC.
  • 9. Mega projects to strengthen Kuala Lumpur as a global city of choice have been launched and underway …
  • 10. Super condominiums and villas all located within Kuala Lumpur! Price at USD 13 million for a penthouse at Binjai On The Park, KLCC and villas range from USD 3 million to USD 15 million - all within Kuala Lumpur.
  • 11. To date, Kuala Lumpur’s property prices is still amongst the lowest the region.
  • 12. There is still room for upside potential! Comparison of prime area in KLCC vicinity with prime spots in Dhaka, Vietnam, Bangkok, Shanghai, Singapore, HK, Macau- it is much cheaper in Kuala Lumpur, the city will attract many foreign fund into the real estate.
  • 13. Foreigners who are new to Malaysia, their first investment always begin with capital city; hence Kuala Lumpur will be the first choice! Advantages of current low property prices, property ownership, low entry price and low tax regime remain the main points of attraction.
  • 14. Kuala Lumpur holds the highest individual foreigners’ property transactions in Malaysia and most money were contained here. Disposing your property for potential buyers to cash out or renting out will be much easier, reducing your risk exposure.
  • 15. Kuala Lumpur will soon be renamed as “Greater KL”- aim to be one of the top 20 most liveable city in the world by year 2020. Property is safe to invest!

DC Residency was awarded the 5-star award in Residential High-Rise Category and a highlycommended award in Retail Development Category at the prestigious Asia-Pacific Award 2012.

DC Residency By Clermont units in posh KL area going on sale

DEVELOPER GuocoLand Malaysia has launched the latest tranche of units in a mixed-use project being built in the posh area of Damansara Heights in Kuala Lumpur.

dc residency by clermont living room

DC Residency Showroom Singapoore features two 28-storey residential towers, two office towers, a five-star hotel and a mall. The project is expected to be completed by the end of this year.

DC Residency By Clermont, which is about 5km from the city centre, features two 28-storey residential towers, two office towers, a five-star hotel and a mall.

The residential towers, known as DC Residency By Clermont, will have a total of 370 units, ranging from one-bedders of 899 sq ft each to three-bedroom apartments with a utility room totalling 2,705 sq ft.

Prices start at RM1,600 (S$593) per sq ft but special incentives will be offered at this weekend's pre-launch sale of 60 units from tower one, the company officials said.

The project is expected to be completed by the end of this year.

GuocoLand Malaysia managing director Tan Lee Koon said half of the units from the first tower have already been sold via private placement, with about 30 per cent of the buyers from Singapore.

The estimated rental yield is between 5 per cent and 6 per cent. DC Residency Kuala Lumpur is expected to serve a population of around 10,000 in the vicinity, so the prospective tenant pool should be a large one, he said. It targets those who would be working in and around the Petronas Twin Towers in the Kuala Lumpur city centre, for example.

Mr Tan said DC Residency For Sales Singapore is the only new high-rise project that will be completed in the Damansara Heights area over the next three years. The Sungai Buloh-Jalan Semantan MRT line is being built next to Damansara City.

Due to its strong investment potential, it is also the only residential development to be registered as an Entry Point Project under Malaysia's Economic Transformation Programme, he said.

Such projects are seen as playing a significant role towards raising the level of development within an area.

Mr Tan added that the upcoming Singapore-Kuala Lumpur high-speed rail link will also boost the project's appeal to buyers from the Republic.

The pre-launch sale will be held at The Island Suite at Marina in Keppel Bay over the weekend between 11am and 7pm.

Launch Of DC Residency By Clermont Units This Weekend

GuocoLand Malaysia will be selling about 60 units in DC Residency By Clermont, part of a luxury integrated development in KL's Damansara Heights, to Singaporeans

Dc Residency By Clermont

Apart from DC Residency, Damansara City will also boast two Grade A office towers, a F&B-centric lifestyle mall and a five-star hotel

GUOCOLAND Malaysia is launching about 60 units in DC Residency By Clermont, the residential component of Damansara City, a luxury integrated development, for sale to Singapore buyers this weekend.

This comes ahead of the actual launch in Kuala Lumpur next month, and presents "a last chance" to purchase these residences at lower prices of about RM1,400 (S$518) per square foot (psf) on average - versus the listing prices of RM1,600 psf.

Dc Residency By Clermont consists of two 28-storey residential towers with 185 units each. Units range from 899 sqft one-bedders to 2,075 sqft three-plus-one-bedders.

For now, only one tower is for sale, and already, half of its 185 units have been snapped up even before the launch, via a private placement. Some of the buyers were business associates of the Hong Leong Group, which GuocoLand Malaysia is part of.

One third of the buyers were Singaporeans; the remaining comprised Malaysians, Indonesians, Japanese and Koreans.

The integrated development also comes with two Grade A office towers, a F&B-centric lifestyle mall and a five-star hotel run by The Clermont Hotel Group from London.

These will be fully operational by mid-2016, but their units are not for sale.

Managing director Tan Lee Koon said that this is to enable GuocoLand to control the tenant mix, and also enjoy any future capital appreciation.

The office towers are already 80 per cent committed, but Mr Tan declined to name tenants, except to say that the anchor tenant is a "big conglomerate putting its head office there".

The retail mall is 30-40 per cent committed, and some of the F&B tenants will be new-to-market operators.

DC Residency Kuala Lumpur will be the first phase to be completed, and buyers will get their keys at the end of 2015.

Asked why it is only releasing units in the second tower for sale after the construction is completed, Mr Tan said: "We strongly believe that the values will significantly increase after the whole thing is completed, when people can actually see it, feel it. It makes a lot of difference."

Kenny Wong, general manager of marketing & sales, added: "The reason we have been staggering the sales in our launch strategy is to give investors ... a first-mover advantage. This pricing (of RM1,400 psf) will not be held for too long. We will be releasing the later units at a much higher pricing."

Damansara Heights, where the development is located, is an affluent suburb in western Kuala Lumpur, five kilometres from the city centre, sometimes dubbed the "Beverly Hills of KL".

Properties there have seen valuations increase 8-12 per cent over the past two years, and according to Mr Tan, DC Residency should be able to garner net rental yields of 5-6 per cent.

The entire integrated development has a gross development value of RM2.5 billion. GuocoLand Malaysia is also investing RM48 million to develop nearby infrastructure - specifically one flyover and one tunnel - to minimise congestion for the benefit of residents, office- goers, and shoppers.

A mass rapid transit (MRT) station is being built next to DC Residency Showroom Singapore, which the developer is in talks with authorities to connect the development to. The MRT station will be linked to the Singapore-KL high speed rail when the latter is completed.

In the bigger picture, the land supply in the Damansara Heights area is also scarce, with DC Residency For Sales Singapore being among the last few large freehold land parcels available. Mr Tan believes that this, coupled with the weak ringgit and the classification of DC Residency Kuala Lumpur Malaysia as an important entry point under Malaysia's Economic Transformation Programme, make good reasons to buy.

Most of GuocoLand Malaysia's land bank is in Klang Valley. It is building The Rise boutique bungalows in Emerald Rawang (northern Klang Valley) and double-storey link homes in Pantai Sepang Putra (southern Klang Valley). It also has "some pockets of land" in Petaling Jaya and Cheras for commercial and residential developments.

The Special pre-launch sale will be held at The Island Suite, Marina at Kepple Bay, this weekend. GuocoLand Malaysia is a 65-per-cent subsidiary of Singapore-based GuocoLand.

DC Residency - The ICONIC integrated development at Damansara Heights, Kuala Lumpur by Guocoland Malaysia

DC Residency By Clermont is a new residential development under the prestigious Guocoland Malaysia. Situated in an excellent location in in Damansara Heights, Kuala Lumpur, Malaysia., this property is truly a remarkable one. It has an expected TOP in 2015.

DC Residency Tower Facade

DC Residency By Guocoland Malaysia's Summary

Project name DC Residency
Developer: Damansara City Sdn Bhd (a subsidiary of GuocoLand Malaysia)
Address: Jalan Johar, Bukit Damansara, Damansara Heights, 50490 Kuala Lumpur
Completion Date 2015 (estimate)
Type: Condominium
Tenure: Freehold
No. of Blocks: 2
No. of Storey: 27
No. of Units: 370

The development is fully-equipped with a wide variety of facilities for the convenience of residents. Such facilities include a 50m swimming pool, BBQ dining area, indoor gym, clubhouse and function rooms.

Damansara city residency location map

Damansara City Residency is set to boast modern, yet elegant architecture and interiors. Each unit is spacious with sleek designs to suit the lifestyle you desire. Each unit is also equipped with high-quality furnishings for the comfort of residents

Residents who will be living at DC Residency Kuala Lumpur will get to enjoy spacious units with built-up areas ranging from 899 to 2,975 sf. The layouts will be significantly different from one another depending on the level as well as the dimension. Interested buyers will have the choice of 1 bedroom, 1 + 1 bedrooms, 2 + 1 bedrooms, 3 + 1 bedrooms and even penthouse.

Strategically located in the heart of Damansara Heights, the impeccable service and luxury lifestyle at DC Residency will be complemented by the added convenience of the Mass Rapid Transit (MRT) station at its doorstep.

Located at the heart of Damansara City, residents @ DC Residency by Clermont will enjoy the perks of living near a established mature estate, where shops, market and eateries are aplenty.