Damaisari at Taman Wangsa Melawati, Kuala Lumpur

There is a new launching of 3 storey terrance bungalows in Taman Wangsa Melawati on this weekend 7th and 8th July 2012 from 10am to 6pm. The venue is Damaisari Show House – Jalan Wangsa Melawati 6, Wangsa Melawati, Kuala Lumpur and the GPS coordinate is N 3◦12.634’ ; E 101◦ 44.522’.

Damaisari @ Taman Wangsa Melawati

Damaisari @ Taman Wangsa Melawati

This development is by SCP Group who started out as a car park owner and operator during the Asian financial crisis in the year 1997. Recently it had been active launching commercial development in Taman Wangsa Melawati on April 2011 and now lauching the 29 units of terrace bungalows in Taman Wangsa Melawati too. The minimum price of the terrace bungalows is from RM2.8 mil and it a freehold property.

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Seri Riana Residence in Wangsa Maju

On Monday, I went to the show gallery of this residential project in Wangsa Maju Section 4 to view what were being offered. The show units were already completed i.e. 2 units (1382 sq ft and 1782 sq ft respectively). This project is open for registration and had not been launched yet pending end of June 2012. I had a chat with the salesperson on the package being offered for buyers, he told me this is a DIBS scheme, free SPA and loan agreements, RM10K booking fee and the expected completed date in 2016. I looked at the sales chart which indicated all the smaller units i.e. 1382 sq ft had been booked which left those larger units still available. Very good response indeed and I guess mostly had booked the smaller units for investment purpose unless some who are attracted to the living concept of ‘live-play’ balance with evergreen view of Melawati Ridge and full condo facilities.

IJM Land website stated the minimum price of RM600k for this project and it had 2 blocks of condo with 38 floors each and 1 block of low rise condo. If you are coming from KL by Kelana Jaya LRT, you can see the land clearing just before the Sri Rampai LRT station. Is it a worthwhile investment? I am sure you would like to visit the project site and show gallery before paying your booking fee……with it excellent location near to amenities and the Sri Rampai LRT station, it would be a good choice for those that can afford the asking price. For investment purpose, it had a good chance of appreciation after completion but rental yield would not be high. The current rental for a similar size of condo i.e. 1300 plus sq ft in Desa Putra is asking for RM2,000 to RM2,500 depending on the furnishing. For own stay, one should also consider similar high end condo in Wangsa Maju/Melawati area e.g. 20 trees in Taman Melawati, 3 Residence along the MRR2 in Taman Melawati/Taman Melati.