Ritze Perdana 1, Damansara Perdana

Ritze Perdana 1 is a studio apartment located in Damansara Perdana enclave. It comprises 1-room and studio units that consist of 382, 406 and 634 sf. Its tagline “Declare your independence, live the life as you desired” portrays its residents’ character, which is young and urban community.

There are numerous of amenities located just in front of Ritze Perdana 1, as Damansara Perdana commercial center is located right in front of it. One can find wide range of eateries from mamak restaurants to chic cafes that offer western cuisine. Besides that, it is located within less than 5 minutes from Mutiara Damansara shopping malls enclave that comprises Tesco, IKEA, Cineleisure, The Curve and IKANO. These malls offer branded apparel stores, household necessities, fancy eateries, bowling center, cinema, karaoke centre and others.

In terms of accessibility to Ritze Perdana 1, there are several options available. The fastest route to the city center would definitely be Penchala Link which is accessible within 3 minutes of driving and directs to Mont Kiara and Jalan Duta. Besides that, you can utilize Damansara-Puchong highway (LDP) to reach Kepong, Kelana Jaya, Sunway, Subang and Puchong.

Property Details

• Name: Ritze Perdana 1
• Address: Jalan PJU 8/2, Damansara Perdana, 47820 Petaling Jaya, Selangor
• Developer: Usaha Hartamas
• Completion Date: November 2006
• Type: Condominium
• Tenure: Leasehold

Facilities

• Barbecue area
• Business center
• Cafeteria
• Covered parking
• Gymnasium
• Jogging track
• Mini market
• Nursery
• Playground
• Salon
• Sauna
• Swimming pool
• 24-hour security

Analysis

There are several horrible cases occurred in Ritze Perdana 1 even though it is just 3 years old. In October 2007, there was a fire incident occurred in Block B car park at level LG3. Even though nothing serious happened and it was successfully off by the fire fighter, but the fire bell was not working as the fire occurred. The residents claimed that the alarm system was off. Perhaps this shows the reliability of the maintenance of the apartment. Not only that, in 2008, there were some other cases reported including an explosion in the car park and a car was burnt.

Ritze Perdana 1 features open concept bathroom. Even though it might be a drawback for conventional type of individuals, but it is one of the in-thing these days among new developments, and surely been accepted well by the yuppies. Some of new developments in Mont Kiara also have these features, such as Mont Kiara Meridin for its master bedroom’s bathroom. But for a studio, it is quite inconvenient if sometimes you want to bring some friends and guests coming over, for sure they will opt to use the condominium bathroom instead, right?

By the end of 2009, Ritze Perdana 1’s successor, Ritze Perdana 2 will be soon completed. It is another studio apartment development by the same developer that comprises of 468 units with built-up ranging from 420 to 850 sf. Ritze Perdana 2 is better located, which is just about 5 minutes walking away from Tesco, as well as other amenities. Among all the condominiums development in Damansara Perdana enclave, Ritze Perdana 2 will be the closest to Mutiara Damansara.

Ritze Perdana 2 was launched at around RM350 psf. By its presence, it might affect Ritze Perdana 1 price and demand, due to its fresh factor. In the long run, potential tenants would definitely opting Ritze Perdana 2 as being fall in love with its proximity to the shopping malls enclave of Mutiara Damansara and Metropolitan Square.

Before you decide to invest in Ritze Perdana 1, perhaps you should compare it with others within the same league, such as Riana Green, Waldorf Tower and Windsor Tower. One can find that all these studio apartments are leasehold, and each has its own pros and cons. Among others, Ritze Perdana 1 offers the lowest rental yields as well as capital appreciation. Besides Riana Green, the remaining two will have a number of competitors within the same enclave, which will reflect on the demands.

Capital appreciation for Ritze Perdana 1 is quite low as it was reportedly that it has appreciated at 20% on average since after its completion for years now.