“The outlook for Kota Damansara is positive, even robust for residential sales, as more people realise its convenient location,” says Savills Wong
source: City & Country, The Edge, March 2, 2015
iProp Realty managing director Victor Lim says any time is a good time for owner-occupiers to purchase properties there. He adds that no matter how bad the property market becomes, units in prime locations and close to the MRT stations will not see a drastic drop in value. “The potential is good. If I am not wrong, it will become the next Bandar Utama, if not better than Bandar Utama (in terms of value),” Lim says.
Kim Realty CEO Vincent Ng tells City & Country that property prices may rise between 20% and 30% after the completion of the MRT stations in the area.
KGV-Lambert Smith Hampton director Anthony Chua says, “Investing in residential, commercial and retail properties in Kota Damansara will be promising, especially in view of the Kwasa Damansara Development, which will further boost property values in the area.”
|EXPONENTIAL GROWTH IN VALUE|
|TYPE (2014 DATA)||LOCATION||TRANSACTED PRICE RANGE|
|2-sty terraced house||Sec 6 Kota Damansara||RM800,000 - RM850,000|
|2-sty semi-detached house||Sec 6 Kota Damansara||RM1.5 million - RM1.8 million|
|Condo (new)||Cascades||RM800 psf - RM900 psf|
|Condo (old)||Palm Spring||RM400 psf - RM450 psf|
|3-sty shop||Dataran Sunway||RM3.6 million - RM4 million|
|AVERAGE TRANSACTED PROPERTY PRICES|
|TYPE||LOCATION||2004 (RM)||TRANSACTED PRICE RANGE|
|Terraced house (Sec 7)||98,000||160,000||1,300,000|
|3-sty shop (pju 5)||850,000 (’97)||1,300,000||3,800,000|