Glomac Damansara, TTDI

Glomac Damansara is a mixed development located on a 2.76-ha (6.8 acres) freehold land behind Desa Kiara, stretching about 500 metre along Jalan Damansara, at the border of Kuala Lumpur and Selangor.

This RM650 million mixed development comprises 5 and 8-storey shop offices; 15 and 30-storey office towers; a 3-level boutique retails; 9 and 10-storey office suites blocks; and two 25-storey service apartments blocks. It will be officially launched by middle of 2011.

Phase 1 of Glomac Damansara consists of 5 and 8-storey shop-offices with built-up sizes ranging from 6,670 sf to 14,987 sf and land area of 26.5′ by 65′. There are a total of 12 units with launch prices were tagged from RM4 million to RM6.4 million. The office units are opened for sale in strata and the selling price started from RM792,050 (built-up from 1,553 sqft).

Phase 2 of Glomac Damansara is a towering 25-storey Corporate Tower, the tallest building within the development. It was sold en bloc.

Its Phase 3 development is its retail mall component that complements the modern lifestyle of Glomac Damansara. It consists of 3-storey podium of retail lots and there are two 9 and 10-storey office suite blocks atop the podium. The retail mall has a total of 103 boutique retail units, 1 food court and 1 supermarket. This phase was launched at end 2010. Other commercial developments in Taman Tun Dr Ismail include Ken TTDI, Oval Tower, and Menara LGB.

Phase 4 is its residential component, comprising of two 25-storey serviced apartment towers with a total of 308 units. Each unit has built-up size ranging from 1,000 sq ft to 1,800 sq ft and will be launched at RM600 psf (indicative price).

In terms of accessibility, Glomac Damansara is accessible from Sprint Highway, Damansara-Puchong Highway (LDP) and North-Klang Valley Expressway (NKVE). Besides that, it is just 5.3km away to Taman Bahagia RapidKL LRT station.

Property Details

• Name: Glomac Damansara
• Address: Jalan Damansara, Kuala Lumpur
• Developer: Glomac Damansara Sdn Bhd (a subsidiary of Glomac Bhd)
• Completion Date: 2011 (estimate)
• Type: Mixed
• Tenure: {Tenure}
• No. of Blocks
• Shop-Office: 1
• Corporate Tower: 1
• Retail Podium: 1
• Office Suite: 2 (on top of the podium)
• Serviced Apartment: 2
• No. of Storey
• Shop-Office: 5 & 8
• Corporate Tower: 25
• Retail Podium: 3
• Office Suite: 9 & 10
• Serviced Apartment: 25
• No. of Units
• Shop-Office: 12
• Retail Podium: 103
• Serviced Apartment: 308
• Land Area: 6.8 acres (2.76ha)
• Built-up
• 5-Storey Shop-Office: 6,670 / 6,676 sq ft
• 8-Storey Shop-Office: 11,063 – 14,987 sq ft
• Launch Price
• 5-Storey Shop-Office: From RM4 million
• 8-Storey Shop-Office: From RM6.4 million

Facilities

• 24-hour security

Analysis

Glomac Damansara is strategically located in the heart of suburban TTDI and Petaling Jaya vicinities. It is surrounded by major neighborhoods, including SS2, Damansara Utama, Damansara Heights and Bandar Utama. There are several major commercial centres nearby such as Damansara Uptown, Damansara Intan, Phileo Damansara 1 and Dijaya’s Tropicana City Tropics. Glomac Damansara is also considered one of the best condos in TTDI.

Most investors are quite excited about the serviced apartments, especially in light of the recent road upgrades and MRT station located within 100m from the site. Upcoming launches in the vicinity, with a price tag of RM 1000 psf make Glomac Damansara Residences (700 psf) very reasonable.