Metropolitan Square, Damansara Perdana

Metropolitan Square (also known as Metropolitan SQ) is a mixed-development project which comprises of condominiums and commercial shops nestled in Damansara Perdana. It is another piece of Damansara Perdana township development by MK Land Holdings.

Metropolitan Square offers a bundle of facilities to the residents for their enjoyment. It has 6 pools in total; 2 infinity pools, 2 lap pools and 2 children pools. Also offered are two badminton courts and two playgrounds with reflexology path in their garden. For those who want to enjoy barbecue sessions with their family and friends, they can make use of the barbecue area rented out by the management.

Residing in Metropolitan Square, residents are catered with plenty of amenities within short distance. The building itself also houses CitiBank and Scotia Bank. Just few meters away, one can walk to Damansara Perdana commercial centre which offers numerous of cafes, restaurants, boutiques and convenience stores. It is within walking distance to Mutiara Damansara shopping hub. The hub houses The Curve, e-Curve, Tesco Damansara, IKEA and Courts Mammoth.

Besides that, there are also few new commercial developments including kid’s fun and education centre, Kidzania. Just across the street, there is Neo Damansara. There is also PJ Trade Centre which was completed in 2010. From Metropolitan Square, residents are able to access few highways within short driving distance such as Penchala Link Highway that directs to Mont Kiara, Sri Hartamas and Federal Highway; Damansara – Puchong Highway (LDP) that directs to Kepong, Sunway, Subang and Puchong; SPRINT Highway that directs to Damansara Heigths and Bangsar; and Middle Ring Road 2 (MRR2) that directs to Ampang, Cheras and Melawati. Metropolitan Square is also considered one of the best luxury condos in Damansara Perdana.

Property Details

• Name: Metropolitan Square (also known as Metropolitan SQ)
• Address: Jalan PJU 8/1, PJU 8, Damansara Perdana, 47820 Petaling Jaya, Selangor
• Developer: Saujana Triangle (MK Land Holdings)
• Completion Date
• Phase 1: January 2007
• Last Phase: July 2013 (estimate)
• Type: Condominium, Shop-Office
• Tenure: {Tenure}
• No. of Blocks
• Condominium: 6
• Office: 1
• No. of Units
• Condominium
• Block A: 300
• Block B: 186
• Block C: 258
• Block D: 537
• Block E: 252
• Block F: 396
• Shop: 12
• Office: 88
• Built-up
• Condominium: 450 – 1,462 sf
• Shop: 588 – 1,267 sf
• Office: 525 – 1,276 sf
• Land Area: 3 acre

Facilities

• Swimming pool
• Clubhouse
• Sauna
• Steam room
• Gymnasium
• Tennis court
• Nature trail
• 24-hour security with card access

Analysis

MK Land is an extension from the EMKAY Group, both lead by YB Tan Sri Datuk Haji Mustapha Kamal. MK Land kick-started its property development portfolio by three projects from EMKAY, namely Damansara Damai, Taman Bunga Raya and Bukit Merah Laketown Resort. Besides Metropolitan Square, other recent developments by the company are Ritze Perdana 2, Armanee Terrace II and The Rafflesia.

Investment wise, the price seems to appreciate slowly in the beginning, but started to pick up since the beginning of 2010. Recently, it was reported in The Edge that the prices at Metropolitan Square has risen by 38% between 2007 and 2011 and by 36% from 2011 to end-2012. The reason for that growth is because of its high rental yield and facilities. Metropolitan Square is an ideal property investment and owners are counting on PJ Trade Centre & Empire Damansara development to bring in more tenants and increase demand.