Neo Damansara

Neo Damansara is a mixed commercial and residential development located near the entrance of Damansara Perdana. Developed by Paradigma Intan, a member of EMKAY Group, this leasehold property has proven to be a competiton to other high-rise developments in the Damansara Perdana vicinity.The ground floor units of Neo Damansara are allocated for shop and retail, while the others are suitable for office purpose. It is the latest addition in the enclave that comprised of shop offices, office tower and suites, show room or trade space, entertainment center, food and beverage outlets and a retail plaza. Skyrocketing above the commercial units are the residential living space, ranging from studio units to two bedroom units. In total, the whole development consisted of 6 blocks of residential units and an office tower.Neo Damansara is a hot property to have in terms of studio apartment properties in Damansara Perdana. The highlight of this property is definitely the parking bay offered by the management, that is absent in other rivalling properties in the area. There is also the added advantage of having swimming pools, gymnasium, sauna and surau. Avid readers will certainly enjoy utilizing the reading room thoughtfully provided by the developer. These facilities are located on the sixth floor of this development.Neo Damansara Phase 1 is comprised of 14 units of en-bloc shop-offices and 70 units of strata shop offices, with an estimated GDV of RM100 million and was completed in October 2009. After the success of Phase 1, which claimed to be sold out within a week, the developer launched the additional Block E, which comprises one 12-storey building with 84 units of strata titled shop offices, penthouse suites, office suites and retail shops; with an estimated GDV of RM36 million. Neo Damansara is cocooned in between hypermarket, luxury car show rooms, lifestyle restaurants and retail outlets. Located within close proximity to PJ Trade Centre, the residents working in the building can simply walk to their office instead of driving their cars. Likewise, shopping malls that include IKANO, IKEA, e-Curve, The Curve, Tesco are also within walking distance. These malls offer a variety of eateries, coffee shops and entertainment activities, fit for all ages and classes.In terms of accessibility, Neo Damansara can be easily accessible by a network of highways. The fastest route to the city center would definitely be Penchala Link which is accessible within 2 minutes of driving and directs to Mont Kiara and Jalan Duta. From Penchala Link, there will be adjacent access to DUKE Highway that promises to reach Ampang in 20 minutes. Besides that, you can make use of the Damansara Puchong Highway (LDP) to reach Kepong, Kelana Jaya, Sunway, Subang Jaya and Puchong.

Property Details

Name: Neo Damansara

Address: Jalan PJU 8/1, Damansara Perdana, 47410 Petaling Jaya, Selangor

Developer: Padigma Intan (a subsidiary of EMKAY Group)

Completion Date: Late 2012

Type: Shop Office & Apartment

Tenure: Leasehold

No. of Block: 6

No. of Storey: 6 - 14

No. of Units: 168

Land Area: 7.64 acres

Built up: 421 sf – 876 sf

Maintenance fee: RM0.35 psf

Studio Apartment: RM0.35

Launch Price

Studio: RM390,000

Shop Office: RM1.2 million

Subsale Price:

Rental:

Layouts

Type 1 (studio) (421 sf)

Type 2 (studio) (470 sf)

Facilities

Children's playroom

Sauna

Multi-purpose hall

Swimming pool

Children's pool

Reflective pool

Surau (male & female)

Gymnasium

Reading room

Market Trends

Analysis

It is claimed that the 1st phase of Neo Damansara is sold out within a week after it was launched. Nonetheless, this commercial centre will be in demand by huge crowd from Damansara Perdana residents itself, and also workers from the PJ Trade Centre. It is strategically located at the entrance of Damansara Perdana enclave, but there are too many commercial centres in the area. People from surrounding areas have plenty of other alternatives such as shopping centres in Mutiara Damansara, 1-Utama and Tropicana Mall. Neo Damansara is surrounded by established townships and plenty of amenities. It is just few kilometers away from Taman Tun Dr Ismail (TTDI) and Mutiara Damansara. Besides that, it is also neighboring Bandar Utama and Kota Damansara. In the Damansara Perdana itself, there are Citibank, Bank of Scotia and Hong Leong Bank as for banks; Deutches Gasthaus and Friendster Cafe as for bar and cafe; and numerous restaurants can be found.The convenience Neo Damansara has to offer makes the property a hotspot for young executives living in the area. They can fully appreciate the wide selection of bars, bistros and restaurants. If the local scene does not meet their fancy, a short drive can take them to Mon’t Kiara, Damansara Uptown and Sea Park for a wider choice of food havens and entertainment.