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. The whole Metropolitan Square development is estimated to be completed in July 2010.
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 convenient stores.
Metropolitan Square 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 planned including kid’s fun and education centre, Kidzania. Just across the street, there is Neo Damansara. There is also PJ Trade Centre which is going to be 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.

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 2010 (estimate)
• Type: Condominium, Shop-Office
• Tenure: Leasehold
• 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 acres
• Maintenance Fee: RM0.18 psf
• Launch Price
  • Condominium: From RM199,204
  • Shop: From RM703,300
• Subsale Price: RM310 psf
• Rental: RM1.45 psf

Facilities

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

Analysis

MK Land is an average developer in the country. The company is an extension from the EMKAY Group, both leaded 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.
Traffic right in front Metropolitan Square is busy as it is the main road in Damansara Perdana. Investment wise, the price seems to appreciate slowly in the begining and starts to pick up since the begining of 2010. Metropolitan Square is an ideal property investment and owners are counting on PJ Trade Centre development to bring in more tenants and increase demand.