Property Insight > News release > THE JEWEL OF DAMANSARA HEIGHTS RISES AS DAMANSARA CITY TOPPING OUT CEREMONY MARKS COMPLETION OF DEVELOPMENT

THE JEWEL OF DAMANSARA HEIGHTS RISES AS DAMANSARA CITY TOPPING OUT CEREMONY MARKS COMPLETION OF DEVELOPMENT

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  • DC Residency buyers can expect to move in by year end
  • Corporate & retail tenants to move in by second quarter 2016

Kuala Lumpur, 10 June 2015 – Damansara City created a key milestone in the up market Damansara Heights enclave as it held its topping out ceremony at a private event today. The flagship development of GuocoLand (Malaysia) Berhad (GuocoLand), with a gross development value of RM2.5 billion will be welcoming residents by the end of the year and corporate tenants by the second quarter of 2016.

“The jewel of Damansara Heights, Damansara City is an integrated development consisting of two Grade-A office towers, two high-rise towers of luxury residences, an F&B-centric lifestyle mall and a 5 star hotel. It is a designated Entry Point Project under the Economic Transformation Programme to elevate Malaysia to developed nation status by 2020 and has already started to bring new life to the established high-end enclave of Damansara Heights. We are very excited at the prospect of the development coming to life and the spawning of a new community in the neighbourhood very soon,” said Tan Lee Koon, Managing Director of GuocoLand.

Today’s event marked the topping out of the final tower on the project which is the future home of the 5-star hotel. Damansara City is an ultra modern and environmental friendly development with MSC status certification development that is compliant with the Green Building Index (GBI) Certified rating; the Leadership in Energy & Environmental Design (LEED) Gold rating; and CONQUAS Quality Assessment for building construction works. Investments have been made on infrastructure like the new traffic management tunnels, an underpass, flyovers and a pedestrian bridge. Damansara City is set to blend itself into the surroundings, with potential to raise the value of the entire Damansara Heights neighbourhood

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DC Residency comprises 370 units of contemporary designed and luxurious homes – one bedroom to 3+1 bedroom units and penthouses. The typical units have gross built-up areas ranging from 899 sq ft to 2,705 sq ft offering residents seamless integration with the luxury of a five-star hotel, the convenience of a lifestyle mall and the efficient proximity of premium office towers, all within the 8.5-acre freehold development of Damansara City.

Residents and tenants at Damansara City will also benefit from a whole range of facilities including a walking garden along the roof-top of the retail mall. This is in addition to the health and gym facilities that include an Olympic length salt-water pool and an aqua gym for residents and visitors at the DC Residency and the hotel.

3“Our mall has secured in-principle agreements for half its lettable space; our residences are currently 50 percent booked and our corporate tower tenancy is at 70 percent – and all before we’ve had the chance to actually launch the project and open it for general sales”, enthused Tan.

Damansara Heights’ strategic location, which is a mere five kilometres from the KL city centre, its close proximity to KL Sentral and other mature and well heeled townships like Petaling Jaya, Bangsar and Mont Kiara, has been a main selling point and one of the unique development’s greatest strengths.

The choice destination for Malaysia’s most influential people, Damansara Heights is often seen as the location that is the highest mark of stature and an accomplishment.

GuocoLand is currently carrying out a series of regional pre-launch road shows across South East Asia with Singapore as its first stop and attracting droves of serious investors there. Early adopters can expect a host of additional benefits and very attractive bonus packages if they choose to live, work or play in Damansara City. For more information on locations, offerings or the various options available to buyers please call 1300.30.3008 or visit our website at www.damansara-city.com.

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