Ritze Perdana 2 Serviced Suites, Damansara, RM 1,600

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Description

Ritze Perdana 2 (also known as Ritze Perdana II) is a mixed-development, that consists of commercial shops and 2 service suite blocks.
The developer for Ritze Perdana 2 is Usaha Hartamas Sdn Bhd.
The surrounding amenities includes IKANO, IKEA, e-Curve, The Curve, Tesco and One Utama.
Being surrounded by hypermarket, luxury car show rooms, lifestyle restaurant and cafe and retail outlets; Damansara Perdana eventually is going to be transformed into multi-national commercial center. Expatriates from different countries will be brought in for their special skill and knowledge.
In terms of accessibility, there are several options available. The fastest route to the city center would definitely be Penchala Link which is accessible within 2 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 2 (also known as Ritze Perdana II)
• Address: Jalan PJU 8/1, Damansara Perdana, Petaling Jaya, Selangor
• Developer: Usaha Hartamas Sdn Bhd
• Completion Date: July 2010 (estimate)
• Type: Serviced Residence
• Tenure: Leasehold
• No. of Storey
o Block A: 13 & 8 (268 units)
o Block B: 10 (200 units)
• No. of Units
o Block A: 268
o Block B: 200
• Built-up: 420 – 849 sf
• Maintenance Fee: RM120 – RM200
Facilities
• 24-hour Security
• Barbecue area
• Business centre
• Cafeteria
• Covered parking
• Gymnasium
• Squash court
• Swimming pool
• Wading pool
Introduction
Small is beautiful, often used to describe the size of an organization can move swiftly and flexible. Inevitable, it is a change of lifestyle from traditionally that people like to stay in big house compare to today small is beautiful. This also due to the trend of more and more single executive that put career at the first place at least till their mid thirties.
New launching Ritze Perdana 2 of Damansara Perdana by MKland is smartly targeted to this new lifestyle that is a service suites come with complete facilities like swimming pool, Jacuzzi, Squash court, sauna, laundry and etc. It located conveniently besides to all major shopping malls in Petaling Jaya and retail shop lots. No doubt, it is another striking star for the golden triangle of new Petaling Jaya.
Location
Located at the new golden triangle in Petaling Jaya with immense high profile developments that seldom seen in Malaysia with variety hot spots like shopping centers, lifestyle and fashion, golf driving range, commercial center, hotels, colleague, Luxurious car show room, food and entertainment center all housed by a few known operators like One Utama, The Curve, Ikano Power Center, Ikea and upcoming class A commercial office called PJ Trade Center.
It has many high profile and mature neighbors like Bandar Utama, Mutiara Damansara, Taman Tun, Damansara Uptown, Desa Park City and a high growth area like Kota Damansara. It is well connected via LDP and Pencala Link situated at a position that can reach Kuala Lumpur within 15 Minutes and Mon’tKiara within 5 minutes. Under the new government’s plan, LRT will extend it route from Taman Tun towards Kepong further bring convenience for this modern development. In term of location, I hardly find any dispute about this strategic spot. (From Review on Metropolitan Square @ Damansara Perdana)
Developer
MKLand Bhd is a well known and largest developer in town with many projects across nationwide. In late 90s and early 2000, MKLand uses their strength in lifestyle living has captured many home buyers attention. By far, the most successful project would be Damansara Perdana that has begged millions of profits to the group. However, the recent corporate exercise may paint a different picture and that will only know when the exercise is completed. But in term of stability, I will not have any question about them since they are listed in KLSE and reported profit every year with positive NTAB. (From Review on Metropolitan Square @ Damansara Perdana)
Special
The special about this project I would suggest is part of the block is facing IKEA and indeed have a very nice night view. In front of the service suites are all bungalows by Mutiara Damansara. After analyzing the entire Damansara Perdana’s condo that has view of IKEA, Ritze Perdana 2 emerged as the last project will have this privilege in style. Also, as because of the nature of Ritze Perdana 2 is more to studio type. It creates opportunity for some young executive that would want to have an address at this location but without the need to pay for a price of bungalow.
Convenience is also the key of this service suite. Within walking distance around 5 to 10 minutes from all angles, it is reachable to Tesco, The Curve, Ikano, Damansara Perdana retail shops that offer incomparable convenience.
Against
The only against for this project will most probably be the traffic as discussed before. More need to be done or systematically creating in and out path from the service suites as the main road in front of the project is becoming busy due to all hot developments.
Conclusion
With average price of RM 300-400 plus per sf, the upside for this rare and strategic location is still optimistic. Those units that facing IKEA and One Utama will demand even a higher price and with higher return potential. With proper renovation, the rental yield should fetch a very good return between 6-8% easily in the future.
I would suggest a buy call especially facing IKEA units. Till date, I also noticed from the Sales person of the project that a few big investors from overseas are already bought up to 100 units. Try you chance, if there is still available unit, grasp it.

Property Details

• QuikPro No:UP580273
• Property Type:Serviced Residence
• Built-Up:505 sq. ft.
• Rental Price:RM 1,600
• Bedrooms:Studio
• Bathrooms:1
• Unit type:Intermediate
• Occupancy:Vacant
• Furnishing:Unfurnished
• Facing Direction:NorthEast
• Posted Date:08/10/2010
• Facilities:Cafeteria, Club House, Covered Parking, Gymnasium, Jacuzzi, Playground, Wading Pool, Tennis Court, 24hr Security

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