By RUBY LIM
GuocoLand general manager of marketing and sales Kenny Wong with a model of Damansara.
DAMANSARA City, the flagship development of Guocoland (Malaysia) Bhd, is set to become a new business hub in Kuala Lumpur with its strategic location within the Damansara Heights area.
Hong Leong Group Malaysia is one of the first prominent companies that will be making Damansara City their corporate headquarters.
“Damansara City was chosen of its prestigious address in Damansara Heights as well as the accessibility to major highways and soon to be completed MRT line.
“The office towers are an attractive choice because of their MSC-ready-status and their ratings under the Green Building Index, the Leadership in Energy and Environmental Design and Construction Quality Assessment System for the construction works,” said GuocoLand managing director Tan Lee Koon.
Hong Leong Group will move into the 33-storey Office Tower A, which has 530,000 sq ft of usable area, by the second quarter of next year.
“The presence of Hong Leong Group will reinforce the position of Damansara City as the heart of a new business district,” added Tan.
He also said the 19-storey Office Tower B had been 70% taken up.
The overall development spans 3.44ha of freehold land in Damansara Heights, comprising two Grade-A office towers, two high-rise residential towers, a mall and hotel component that will be home to the five-star Clermont Kuala Lumpur.
The residential portion, DC Residency, will feature two 28-storey residential towers with 370 serviced apartments.
The units are available in nine layouts, with built-up areas ranging from 899sq ft to 2,705sq ft. The 185-unit Tower A, priced at RM1,350 per sq ft, is already available for sale with early-bird packages being offered. The retail component spread across four floors and a rooftop terrace, called DC Mall, is expected to be 70% taken up by food and beverage businesses.
The residential units are 60% booked while the mall has secured in-principle agreements for half of its lettable space.
The development is expected to be completed by end of next year.
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